There were 60 PPP loans issued in North Carolina during the week ending June 28. The average loan size in the state was between $150,000 to 350,000.
There are approximately five million approved PPP loans with a total of $517,451,965,102 set aside for funding, according to the Small Business Administration. The average loan size was around $105,000 with over 5,000 lenders currently participating in the program.
The program was slow to get off the ground when it was crushed by an onslaught of would-be applicants. Another major criticism of the program pertained to who was receiving the loans. A program that was meant for small businesses witnessed the Los Angeles Lakers receive $4.6 million from the program. The Lakers qualified for the program under the rules as written but returned the funds according to a Laker’s statement provided to news outlets.
| Recipients | Date Received | Dollar Amount Received |
|---|---|---|
| Silver Bluff, LLC | 2020-06-22 | $1-2 million |
| I & C M S, LLC | 2020-06-22 | $350,000-1 million |
| Abatemaster, Inc. | 2020-06-22 | $150,000-350,000 |
| ES&J Enterprises, Inc. | 2020-06-22 | $150,000-350,000 |
| F&S Kenan Construction Services Corporation | 2020-06-22 | $150,000-350,000 |
| JC&3 Building Corporation | 2020-06-22 | $150,000-350,000 |
| KM Electrical Heating & Ac, Inc. | 2020-06-22 | $150,000-350,000 |
| Montoya Insurance, LLC. | 2020-06-22 | $150,000-350,000 |
| Nile Transportation, LLC | 2020-06-22 | $150,000-350,000 |
| Noble's Professional Grounds Management, Inc. | 2020-06-22 | $150,000-350,000 |
| Performance Point, LLC | 2020-06-22 | $150,000-350,000 |
| Shelton Vineyards, Inc. | 2020-06-22 | $150,000-350,000 |
| The Milbourne Group, Inc. | 2020-06-22 | $150,000-350,000 |
| W & W of Kill Devil Hills, Inc. | 2020-06-22 | $150,000-350,000 |
| Grandfather Golf & Country Club | 2020-06-23 | $1-2 million |
| Quality Oil Company | 2020-06-23 | $350,000-1 million |
| Acme Plumbing and Heating Company of Durham, Incorporated | 2020-06-23 | $150,000-350,000 |
| Bevin Malley, D.D.S. | 2020-06-23 | $150,000-350,000 |
| High Water Consulting Group, Inc. | 2020-06-23 | $150,000-350,000 |
| Tidal Creek Cooperative Food Market, Inc. | 2020-06-23 | $150,000-350,000 |
| APW Technology | 2020-06-24 | $350,000-1 million |
| The North Carolina a & T Real Estate Foundation, Inc. | 2020-06-24 | $350,000-1 million |
| Tim Holley Excavating & Directional Drilling, Inc. | 2020-06-24 | $350,000-1 million |
| Animed, Inc. | 2020-06-24 | $150,000-350,000 |
| Discovery Preschool, LLC | 2020-06-24 | $150,000-350,000 |
| S2technologies, LLC | 2020-06-24 | $150,000-350,000 |
| Teamsters Local Union No. 71 | 2020-06-24 | $150,000-350,000 |
| Thomas & Gibbs Cpas, PLLC | 2020-06-24 | $150,000-350,000 |
| Triangle Plumbing and Backflow | 2020-06-24 | $150,000-350,000 |
| Wilson Trailer Sales & Service, Inc. | 2020-06-24 | $150,000-350,000 |
| R + L Arcade, Inc. | 2020-06-25 | $1-2 million |
| The Generation Companies, LLC | 2020-06-25 | $1-2 million |
| Blanchard Refrigeration Contractors, Inc. | 2020-06-25 | $350,000-1 million |
| Go Healthcare Staffing, Inc. | 2020-06-25 | $350,000-1 million |
| NE Inspection Solutions, LLC | 2020-06-25 | $350,000-1 million |
| Pitbullforce, LLC | 2020-06-25 | $350,000-1 million |
| Advantage Conveyor, Inc. | 2020-06-25 | $150,000-350,000 |
| Best Comfort Mechanical, Inc. | 2020-06-25 | $150,000-350,000 |
| Finnigan's Wake, Inc. | 2020-06-25 | $150,000-350,000 |
| K C Assembly, Inc. | 2020-06-25 | $150,000-350,000 |
| MW NC Investments, LLC | 2020-06-25 | $150,000-350,000 |
| Project Management Quality Services, LLC | 2020-06-25 | $150,000-350,000 |
| Tokyo Grill, Inc. | 2020-06-25 | $150,000-350,000 |
| Batchelor Supply, Inc. | 2020-06-26 | $150,000-350,000 |
| Glasson Tool & Supply Company | 2020-06-26 | $150,000-350,000 |
| HI Fidelity Genetics, Inc. | 2020-06-26 | $150,000-350,000 |
| MDM Express, Inc. | 2020-06-26 | $150,000-350,000 |
| Menca Investments, LLC | 2020-06-26 | $150,000-350,000 |
| MPB Septic Pro | 2020-06-26 | $150,000-350,000 |
| Spotless Solutions | 2020-06-26 | $150,000-350,000 |
| Unity Classical Charter School | 2020-06-26 | $150,000-350,000 |
| Your H. O. M. E. , Inc. | 2020-06-26 | $150,000-350,000 |
| Rousseau Elisha, LLC | 2020-06-27 | $2-5 million |
| Health Care Without Borders, LLC | 2020-06-27 | $350,000-1 million |
| Tucson Cary, LLC | 2020-06-27 | $350,000-1 million |
| Dicktel, Inc. | 2020-06-27 | $150,000-350,000 |
| Kronsys, Inc. | 2020-06-28 | $1-2 million |
| Kaleido, Inc. | 2020-06-28 | $350,000-1 million |
| Gary Mastrodonato | 2020-06-28 | $150,000-350,000 |
| Muffys Express Mex | 2020-06-28 | $150,000-350,000 |
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