There were 27 PPP loans issued in Tennessee 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 |
|---|---|---|
| Davian Enterprises, LLC | 2020-06-29 | $350,000-1 million |
| Ivy Academy, Inc. | 2020-06-29 | $350,000-1 million |
| 1st & 2nd Chance Furniture, Inc. | 2020-06-29 | $150,000-350,000 |
| Clinical Solutions Research | 2020-06-29 | $150,000-350,000 |
| DE Lane & Company | 2020-06-29 | $150,000-350,000 |
| Montessori of Middle | 2020-06-29 | $150,000-350,000 |
| Naturally Beautifull, Inc. | 2020-06-29 | $150,000-350,000 |
| Paul E Honeycutt | 2020-06-29 | $150,000-350,000 |
| Tanner Forest Products, LLC | 2020-06-29 | $150,000-350,000 |
| The Harris Accounting & Tax Firm | 2020-06-29 | $150,000-350,000 |
| Trearc Brands, Inc. | 2020-06-29 | $150,000-350,000 |
| Tygart Music, LLC | 2020-06-29 | $150,000-350,000 |
| Y Technologies | 2020-06-29 | $150,000-350,000 |
| Diamond Home Health Care, LLC | 2020-06-30 | $2-5 million |
| Ballentine Trucking Company, LLC | 2020-06-30 | $350,000-1 million |
| Si Wireless | 2020-06-30 | $350,000-1 million |
| Soundstripe, Inc. | 2020-06-30 | $350,000-1 million |
| Burks and Company, Inc. | 2020-06-30 | $150,000-350,000 |
| D & D Enterprises Plumbing & Electrical, Inc. | 2020-06-30 | $150,000-350,000 |
| Humphres & Associates, PC | 2020-06-30 | $150,000-350,000 |
| Kingdom of God, Inc. | 2020-06-30 | $150,000-350,000 |
| Mountainbrook Assisted Living, LLC | 2020-06-30 | $150,000-350,000 |
| Parker Patrick, LLC | 2020-06-30 | $150,000-350,000 |
| Pip's Iron Works, Inc. | 2020-06-30 | $150,000-350,000 |
| Seeds, Inc. | 2020-06-30 | $150,000-350,000 |
| Velocity Medical, LLC | 2020-06-30 | $150,000-350,000 |
| We Care USA | 2020-06-30 | $150,000-350,000 |
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