There were 35 PPP loans issued in North Carolina during the week ending July 5. 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 |
|---|---|---|
| A Pan Legacy, LLC | 2020-06-29 | $350,000-1 million |
| Cygtec, Inc. | 2020-06-29 | $350,000-1 million |
| Edgecombe County Rescue Squad | 2020-06-29 | $350,000-1 million |
| Suncrest Farms Country Ham, Inc. | 2020-06-29 | $350,000-1 million |
| Brittain Engineering, Inc. | 2020-06-29 | $150,000-350,000 |
| Coast 2 Coast Transportation | 2020-06-29 | $150,000-350,000 |
| Egogreen, LLC | 2020-06-29 | $150,000-350,000 |
| Food Matters Markets, Inc. | 2020-06-29 | $150,000-350,000 |
| Fulcher Trawling, LLC | 2020-06-29 | $150,000-350,000 |
| JC Building, Inc. | 2020-06-29 | $150,000-350,000 |
| Legacy Trawling, Inc. | 2020-06-29 | $150,000-350,000 |
| Mack's Rent a Car, LLC | 2020-06-29 | $150,000-350,000 |
| Mckee & Friends, Inc. | 2020-06-29 | $150,000-350,000 |
| Pronurse Medical Staffing, Inc. | 2020-06-29 | $150,000-350,000 |
| Trawler Carolina Lady, Inc. | 2020-06-29 | $150,000-350,000 |
| Headway Employer Services, LLC | 2020-06-30 | $1-2 million |
| Wilkes Telephone Membership Corporation | 2020-06-30 | $1-2 million |
| American Pure Whey | 2020-06-30 | $350,000-1 million |
| Mountain Real Estate Capital, LLC | 2020-06-30 | $350,000-1 million |
| T-Metrics, Inc. | 2020-06-30 | $350,000-1 million |
| US Trade and Exchange, LLC | 2020-06-30 | $350,000-1 million |
| Brigade Properties, LLC | 2020-06-30 | $150,000-350,000 |
| Curve INN, LLC | 2020-06-30 | $150,000-350,000 |
| Dataclarity Corporation | 2020-06-30 | $150,000-350,000 |
| Gibson Pest Control, Inc. | 2020-06-30 | $150,000-350,000 |
| Greenway Protective Services, Inc. | 2020-06-30 | $150,000-350,000 |
| Jackie Flores, LLC | 2020-06-30 | $150,000-350,000 |
| JR Ritchie Electric, Inc. | 2020-06-30 | $150,000-350,000 |
| Mountainview Recovery, Inc. | 2020-06-30 | $150,000-350,000 |
| O'Mara Landscaping and Lawn Care, Inc. | 2020-06-30 | $150,000-350,000 |
| Property Hoarders, LLC | 2020-06-30 | $150,000-350,000 |
| Sappenfield Staffing, Inc. | 2020-06-30 | $150,000-350,000 |
| Sweet Tooth 1, LLC | 2020-06-30 | $150,000-350,000 |
| Vip Computer Systems, Inc. | 2020-06-30 | $150,000-350,000 |
| W. C. Construction Company, LLC | 2020-06-30 | $150,000-350,000 |
Alerts Sign-up