There were 51 PPP loans issued in North Carolina during the week ending June 7. 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 |
|---|---|---|
| Provantage Corporate Solutions, LLC | 2020-06-01 | $2-5 million |
| IN Demand Services, LLC | 2020-06-01 | $1-2 million |
| HNH Painting, LLC | 2020-06-01 | $350,000-1 million |
| Sonny Oliver Realty Company | 2020-06-01 | $350,000-1 million |
| Wilder Effects, LLC | 2020-06-01 | $350,000-1 million |
| Another Brick, LLC | 2020-06-01 | $150,000-350,000 |
| Assist/staff, L.L.C. | 2020-06-01 | $150,000-350,000 |
| Brekenridge Retirement Center, Inc. | 2020-06-01 | $150,000-350,000 |
| Gar Alan Smith II | 2020-06-01 | $150,000-350,000 |
| HHDM, Inc. | 2020-06-01 | $150,000-350,000 |
| Penmarc Inspired Spaces, LLC | 2020-06-01 | $150,000-350,000 |
| Tier One Solutions | 2020-06-01 | $150,000-350,000 |
| Lbrno, LLC | 2020-06-02 | $350,000-1 million |
| Wade Manufacturing Company | 2020-06-02 | $350,000-1 million |
| Fiberlink Technologies, LLC | 2020-06-02 | $150,000-350,000 |
| Getzner USA, Inc. | 2020-06-02 | $150,000-350,000 |
| Northern Lights, Inc. | 2020-06-02 | $150,000-350,000 |
| WBP Group, LLC | 2020-06-02 | $150,000-350,000 |
| West END Sales, Inc. | 2020-06-02 | $150,000-350,000 |
| Maybe Someday, Inc. | 2020-06-03 | $350,000-1 million |
| Repi, LLC | 2020-06-03 | $350,000-1 million |
| Rpac Racing, LLC | 2020-06-03 | $350,000-1 million |
| Sunrise Home Care, Inc. | 2020-06-03 | $350,000-1 million |
| The Citadel Mooresville, LLC | 2020-06-03 | $350,000-1 million |
| Union Day School, Inc. | 2020-06-03 | $350,000-1 million |
| Diamond Construction, LLC | 2020-06-03 | $150,000-350,000 |
| Hernandez Carpet Cleaning, LLC | 2020-06-03 | $150,000-350,000 |
| Jodi Province Counseling Services, PLLC | 2020-06-03 | $150,000-350,000 |
| Massey, Inc. | 2020-06-03 | $150,000-350,000 |
| Melody Care, LLC | 2020-06-03 | $150,000-350,000 |
| Starling Restaurant Corporation, Inc. | 2020-06-03 | $150,000-350,000 |
| American Pure Whey | 2020-06-04 | $350,000-1 million |
| Apogee Management Group, LLC | 2020-06-04 | $150,000-350,000 |
| Carpenter Logging & Trucking, Inc. | 2020-06-04 | $150,000-350,000 |
| Deep South Holding, Inc. | 2020-06-04 | $150,000-350,000 |
| Doctors Making Housecalls-Psychiatric Medicine | 2020-06-04 | $150,000-350,000 |
| E & P Trimwork, Inc. | 2020-06-04 | $150,000-350,000 |
| Enterco, LLC | 2020-06-04 | $150,000-350,000 |
| Four X Four Country and Cub Cadet, Inc. | 2020-06-04 | $150,000-350,000 |
| Home Elevators & Lift Products, LLC | 2020-06-04 | $150,000-350,000 |
| S. E. Systems, Inc. | 2020-06-04 | $150,000-350,000 |
| Seymour Funeral Home and Cremation Service, Inc. | 2020-06-04 | $150,000-350,000 |
| The Methodist University, Inc. | 2020-06-05 | $2-5 million |
| Colony 9, LLC | 2020-06-05 | $350,000-1 million |
| Norman Sound & Production, Inc. | 2020-06-05 | $350,000-1 million |
| Belt Shop, Inc. | 2020-06-05 | $150,000-350,000 |
| Ellis and Son Landscaping, LLC | 2020-06-05 | $150,000-350,000 |
| G Shane Mitchell Trucking Company, Inc. | 2020-06-05 | $150,000-350,000 |
| JR Ritchie Electric, Inc. | 2020-06-05 | $150,000-350,000 |
| Pinnacle Point Supportive Services, LLC | 2020-06-05 | $150,000-350,000 |
| Diversified Specialties, Inc. | 2020-06-06 | $150,000-350,000 |
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