There were 44 PPP loans issued in North Carolina during the week ending June 14. 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 |
|---|---|---|
| Carereach, Inc. | 2020-06-08 | $150,000-350,000 |
| Double O Plastics, Inc. | 2020-06-08 | $150,000-350,000 |
| Greene Construction, Inc. | 2020-06-08 | $150,000-350,000 |
| Guiding Light Education, LLC | 2020-06-08 | $150,000-350,000 |
| Heroes Logistics, LLC | 2020-06-08 | $150,000-350,000 |
| Madame Butterfly | 2020-06-08 | $150,000-350,000 |
| Mejt Group, LLC | 2020-06-08 | $150,000-350,000 |
| Monterrey Mexican Grill, LLC | 2020-06-08 | $150,000-350,000 |
| Moravian Church in America Southern Prov | 2020-06-08 | $150,000-350,000 |
| RB Performance Sales Agency, Inc. | 2020-06-08 | $150,000-350,000 |
| Sunshine Daycare and Preschool, Inc. | 2020-06-08 | $150,000-350,000 |
| Water & Waste Systems Construction, Inc. | 2020-06-08 | $150,000-350,000 |
| Richard T. Carlyle PA, D.D.S. | 2020-06-09 | $1-2 million |
| Eminence It Solutions, Inc. | 2020-06-09 | $350,000-1 million |
| Bailey & Dixon, LLP | 2020-06-09 | $150,000-350,000 |
| Black River Farms, LLC | 2020-06-09 | $150,000-350,000 |
| C. E. C. Group, LLC | 2020-06-09 | $150,000-350,000 |
| Crave More Transport | 2020-06-09 | $150,000-350,000 |
| Gordon, Keeter & Company | 2020-06-09 | $150,000-350,000 |
| Matters of the Heart at Companion Care | 2020-06-09 | $150,000-350,000 |
| Zioness Skin Care, LLC | 2020-06-09 | $150,000-350,000 |
| Robert Abbey, Inc. | 2020-06-10 | $1-2 million |
| School Holdings 001, LLC | 2020-06-10 | $350,000-1 million |
| Amtai Medical Equipment, Inc. | 2020-06-10 | $150,000-350,000 |
| Central Carolina Medical Clinic | 2020-06-10 | $150,000-350,000 |
| Pinnacle Masonry, Inc. | 2020-06-10 | $150,000-350,000 |
| Global Contact Services, LLC | 2020-06-11 | $5-10 million |
| KSM Castings USA, Inc. | 2020-06-11 | $1-2 million |
| Super Global Mart Charlotte, LLC | 2020-06-11 | $350,000-1 million |
| Clubworx, LLC | 2020-06-11 | $150,000-350,000 |
| Mayhew Partners, LLC | 2020-06-11 | $150,000-350,000 |
| Pinehurst Area Realty, Inc. | 2020-06-11 | $150,000-350,000 |
| Street Networks, Inc. | 2020-06-11 | $150,000-350,000 |
| Warrior Steel Erection | 2020-06-11 | $150,000-350,000 |
| Bliss All in One Cleaning Service, Inc. | 2020-06-12 | $350,000-1 million |
| Super Global Mart, LLC | 2020-06-12 | $350,000-1 million |
| A & M Tool, Inc. | 2020-06-12 | $150,000-350,000 |
| Carolina Thrift, Inc. | 2020-06-12 | $150,000-350,000 |
| Coast International Services, Inc. | 2020-06-12 | $150,000-350,000 |
| Saf-Cut Concrete Cutting, Inc. | 2020-06-12 | $150,000-350,000 |
| Pan Realty, LLC | 2020-06-13 | $350,000-1 million |
| Worldgreen Tax Pro Services | 2020-06-13 | $150,000-350,000 |
| Howell Farming, Inc. | 2020-06-14 | $350,000-1 million |
| Fred Investments, LLC | 2020-06-14 | $150,000-350,000 |
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