There were 93 PPP loans issued in North Carolina during the week ending May 24. 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 |
|---|---|---|
| David's Car Care Center, Inc. | 2020-05-18 | $350,000-1 million |
| Socrates Academy, Inc. | 2020-05-18 | $350,000-1 million |
| Amethyst Consulting & Treatment Solutions, PLLC | 2020-05-18 | $150,000-350,000 |
| Chocowinity Emergency Medical Service, Inc. | 2020-05-18 | $150,000-350,000 |
| Coastal Urology, PLLC | 2020-05-18 | $150,000-350,000 |
| Fiesta Mexicana IV, Inc. | 2020-05-18 | $150,000-350,000 |
| G. J. Adams Trucking, Inc. | 2020-05-18 | $150,000-350,000 |
| Guerrero Corporation | 2020-05-18 | $150,000-350,000 |
| Micro-Epsilon America LP | 2020-05-18 | $150,000-350,000 |
| Smart Start of Forsyth County | 2020-05-18 | $150,000-350,000 |
| Southcorp Properties, LLC | 2020-05-18 | $150,000-350,000 |
| Key Resources, Inc. | 2020-05-19 | $5-10 million |
| Guilford College | 2020-05-19 | $2-5 million |
| Aberdeen Coca-Cola Bottling Company | 2020-05-19 | $350,000-1 million |
| Dawn Development Company, Inc. | 2020-05-19 | $350,000-1 million |
| Jackson Plumbing Company Inc., P. C. | 2020-05-19 | $350,000-1 million |
| Polytex Environmental INKS, Inc. | 2020-05-19 | $350,000-1 million |
| The ARTS Based School | 2020-05-19 | $350,000-1 million |
| Atlantic Coast Industrial, LLC | 2020-05-19 | $150,000-350,000 |
| Carolina Seeding, Inc. | 2020-05-19 | $150,000-350,000 |
| Ibenefit Communication | 2020-05-19 | $150,000-350,000 |
| Kyrie Global, Inc. | 2020-05-19 | $150,000-350,000 |
| Medical Strategies International, LLC | 2020-05-19 | $150,000-350,000 |
| Mid-South Food Service | 2020-05-19 | $150,000-350,000 |
| Mobile Truck and Trailer Repair, LLC | 2020-05-19 | $150,000-350,000 |
| Piedmont Rheumatology, PA | 2020-05-19 | $150,000-350,000 |
| Power Relaying Solutions, PLLC | 2020-05-19 | $150,000-350,000 |
| Rhino Networks, LLC | 2020-05-19 | $150,000-350,000 |
| Senior Quality Care, Inc. | 2020-05-19 | $150,000-350,000 |
| Sunrise Development | 2020-05-19 | $150,000-350,000 |
| Superior Door Company of Hickory | 2020-05-19 | $150,000-350,000 |
| The Efird Corporation of NC | 2020-05-19 | $150,000-350,000 |
| Triad Venture Capitalist, LLC | 2020-05-19 | $150,000-350,000 |
| VSH #1, LLC | 2020-05-19 | $150,000-350,000 |
| Akoustis, Inc. | 2020-05-20 | $1-2 million |
| Aspirar Health, LLC | 2020-05-20 | $350,000-1 million |
| Autism Services of Mecklenburg County | 2020-05-20 | $350,000-1 million |
| Community Foundation of Greater Greensboro, Inc. | 2020-05-20 | $350,000-1 million |
| Connex Communications, Inc. | 2020-05-20 | $350,000-1 million |
| Tristone Flowtech USA, Inc. | 2020-05-20 | $350,000-1 million |
| A&L Cable Services, Inc. | 2020-05-20 | $150,000-350,000 |
| Adkins Transportation, Inc. | 2020-05-20 | $150,000-350,000 |
| Brooks Engineering Associates, PA | 2020-05-20 | $150,000-350,000 |
| Dan Clay Electrical, Inc. | 2020-05-20 | $150,000-350,000 |
| Diversified Testing Laboratories, Inc. | 2020-05-20 | $150,000-350,000 |
| Empty Vessells, LLC | 2020-05-20 | $150,000-350,000 |
| Evans Logging, Inc. | 2020-05-20 | $150,000-350,000 |
| Ingle & Son Landscaping, Inc. | 2020-05-20 | $150,000-350,000 |
| Julisabar Holdings, LLC | 2020-05-20 | $150,000-350,000 |
| LA Casa Del Patron, Inc. | 2020-05-20 | $150,000-350,000 |
| Legacy Pre-Finishing, Inc. | 2020-05-20 | $150,000-350,000 |
| Lily Care, Inc. | 2020-05-20 | $150,000-350,000 |
| Ryan C. Woodman & Victoria L. Malz D.M.D. PLLC, D.M.D. | 2020-05-20 | $150,000-350,000 |
| Shepherds Theological Seminary | 2020-05-20 | $150,000-350,000 |
| Viva Nails Spa, Inc. | 2020-05-20 | $150,000-350,000 |
| Woodlawn Haven, Inc. | 2020-05-20 | $150,000-350,000 |
| Associated Scaffolding Company, Inc. | 2020-05-21 | $2-5 million |
| Bennett Aerospace, Inc. | 2020-05-21 | $2-5 million |
| Charles D. Lowder, Inc. | 2020-05-21 | $350,000-1 million |
| Cubbard Express, Inc. | 2020-05-21 | $350,000-1 million |
| J-Rod Rebar, LLC | 2020-05-21 | $350,000-1 million |
| Rcac, LLC | 2020-05-21 | $350,000-1 million |
| STS Cable Services, Inc. | 2020-05-21 | $350,000-1 million |
| China Direct Imports, LLC | 2020-05-21 | $150,000-350,000 |
| Hefner Enterprises, Inc. | 2020-05-21 | $150,000-350,000 |
| Jason Herman Insurance Agency, LLC | 2020-05-21 | $150,000-350,000 |
| Medlin Bros Garage | 2020-05-21 | $150,000-350,000 |
| Mountain Radiation Oncology, P.A. | 2020-05-21 | $150,000-350,000 |
| Queue Software, Inc. | 2020-05-21 | $150,000-350,000 |
| Red Bridge Consulting Group, LLC | 2020-05-21 | $150,000-350,000 |
| Sour Grapes, LLC | 2020-05-21 | $150,000-350,000 |
| Southeastern Educational Toy and Book Distibutors, Inc. | 2020-05-21 | $150,000-350,000 |
| Tender Loving Care Homes, Inc. | 2020-05-21 | $150,000-350,000 |
| The Palomino Group Health Care Consultants, LLC | 2020-05-21 | $150,000-350,000 |
| Vals Home Health Care Incorporated | 2020-05-21 | $150,000-350,000 |
| Autism Therapeutic Services | 2020-05-22 | $1-2 million |
| Linet Americas, Inc. | 2020-05-22 | $1-2 million |
| Multitech Mechanical Support, Inc. | 2020-05-22 | $1-2 million |
| Accordius Health at Aberdeen, LLC | 2020-05-22 | $350,000-1 million |
| Alberdingk Boley, Inc. | 2020-05-22 | $350,000-1 million |
| American Pure Whey | 2020-05-22 | $350,000-1 million |
| Invest Collegiate: Transform | 2020-05-22 | $350,000-1 million |
| Metro Corporation Affiliates, Ltd. | 2020-05-22 | $350,000-1 million |
| Pine Lake Preparatory, Inc. | 2020-05-22 | $350,000-1 million |
| Premier Homecare, LLC | 2020-05-22 | $350,000-1 million |
| The Citadel Salisbury, LLC | 2020-05-22 | $350,000-1 million |
| Contract Packaging Resources, Inc. | 2020-05-22 | $150,000-350,000 |
| Fortner Insurance Agency | 2020-05-22 | $150,000-350,000 |
| Jelcs Logistics, LLC | 2020-05-22 | $150,000-350,000 |
| PMY ETS, Inc. | 2020-05-22 | $150,000-350,000 |
| Rutherford Life Services, Inc. | 2020-05-22 | $150,000-350,000 |
| Carolinas Hometown Respiratory, LLC | 2020-05-23 | $150,000-350,000 |
| Reynolda Electric Company, Inc. | 2020-05-23 | $150,000-350,000 |
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