There were 48 PPP loans issued in North Carolina during the week ending May 31. 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 |
|---|---|---|
| Mycomputercareer.cominc. | 2020-05-26 | $5-10 million |
| Fourth Quarter Time | 2020-05-26 | $350,000-1 million |
| Northeast Academy for Aerospace & Advanced Technologies | 2020-05-26 | $350,000-1 million |
| Rain Services, Inc. | 2020-05-26 | $350,000-1 million |
| 426 Accounting, LLC | 2020-05-26 | $150,000-350,000 |
| ARD Vista Animal Hospital | 2020-05-26 | $150,000-350,000 |
| Carolina Industrial Piping, Inc. | 2020-05-26 | $150,000-350,000 |
| CHD Supply, LLC | 2020-05-26 | $150,000-350,000 |
| Ichiban Grill Greensboro NC, Inc. | 2020-05-26 | $150,000-350,000 |
| Moretz Paving | 2020-05-26 | $150,000-350,000 |
| Orbitalrx | 2020-05-26 | $150,000-350,000 |
| River Buffet & Grill, LLC | 2020-05-26 | $150,000-350,000 |
| Seven Oaks Supply Hardware Division, Inc. | 2020-05-26 | $150,000-350,000 |
| St. Johns Episcopal Church | 2020-05-26 | $150,000-350,000 |
| KC Global Enterprises, Inc. | 2020-05-27 | $350,000-1 million |
| Connelly Springs Electric, Inc. | 2020-05-27 | $150,000-350,000 |
| Grace Too, Inc. | 2020-05-27 | $150,000-350,000 |
| J & K Cabinetry NC, Ltd. | 2020-05-27 | $150,000-350,000 |
| Smart Kitchen, Inc. | 2020-05-27 | $150,000-350,000 |
| Laborquick, Inc. | 2020-05-28 | $1-2 million |
| The Dan Foundation, Inc. | 2020-05-28 | $1-2 million |
| HRC Behavioral Health & Psychiatry, PA | 2020-05-28 | $350,000-1 million |
| Pelican Health Henderson, LLC | 2020-05-28 | $350,000-1 million |
| Agora Concepts, Incorporated | 2020-05-28 | $150,000-350,000 |
| Baker Auto Sales, Inc. | 2020-05-28 | $150,000-350,000 |
| Doug Clark Nursery, Inc. | 2020-05-28 | $150,000-350,000 |
| Mar-Technician Land Developers, Inc. | 2020-05-28 | $150,000-350,000 |
| Q&a Industries, LLC | 2020-05-28 | $150,000-350,000 |
| Romeo Wiggins & Company, LLP | 2020-05-28 | $150,000-350,000 |
| Fusion Bicycle Company | 2020-05-29 | $2-5 million |
| Resolute Building Company, Inc. | 2020-05-29 | $350,000-1 million |
| Sactacular Holdings, LLC | 2020-05-29 | $350,000-1 million |
| The Metrolina Regional Scholars' Academy, Inc. | 2020-05-29 | $350,000-1 million |
| Aclu of North Carolina Legal Foundation | 2020-05-29 | $150,000-350,000 |
| Bailey Contracting, Inc. | 2020-05-29 | $150,000-350,000 |
| Bass Corporation of Wilson | 2020-05-29 | $150,000-350,000 |
| Baxter Lawn Care Management, LLC | 2020-05-29 | $150,000-350,000 |
| Carnell's Plumbing, Inc. | 2020-05-29 | $150,000-350,000 |
| Diverse Family Services, LLC | 2020-05-29 | $150,000-350,000 |
| Inotec AMD, Inc. | 2020-05-29 | $150,000-350,000 |
| Joshua D. Paynich, PA, D.D.S. | 2020-05-29 | $150,000-350,000 |
| Riverview Cafe, Inc. | 2020-05-29 | $150,000-350,000 |
| Carrier Expedited Freight, Inc. | 2020-05-30 | $150,000-350,000 |
| D and D Transit, LLC | 2020-05-30 | $150,000-350,000 |
| Giga Management, LLC | 2020-05-30 | $150,000-350,000 |
| Kingdom City Church | 2020-05-30 | $150,000-350,000 |
| Aceyus, Inc. | 2020-05-31 | $350,000-1 million |
| Reliable Labor | 2020-05-31 | $150,000-350,000 |
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