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Chapel Hill Review

Sunday, November 17, 2024

Resolute Building Company, Inc. receives a PPP loan between $350K-$1M on May 29

Genbusiness011

Resolute Building Company, Inc. received a Paycheck Protection Program loan between $350,000 to 1 million on May 29, according to the US Treasury Department.

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.

RecipientsDate ReceivedDollar Amount Received
Mycomputercareer.cominc.2020-05-26$5-10 million
Fourth Quarter Time2020-05-26$350,000-1 million
Northeast Academy for Aerospace & Advanced Technologies2020-05-26$350,000-1 million
Rain Services, Inc.2020-05-26$350,000-1 million
426 Accounting, LLC2020-05-26$150,000-350,000
ARD Vista Animal Hospital2020-05-26$150,000-350,000
Carolina Industrial Piping, Inc.2020-05-26$150,000-350,000
CHD Supply, LLC2020-05-26$150,000-350,000
Ichiban Grill Greensboro NC, Inc.2020-05-26$150,000-350,000
Moretz Paving2020-05-26$150,000-350,000
Orbitalrx2020-05-26$150,000-350,000
River Buffet & Grill, LLC2020-05-26$150,000-350,000
Seven Oaks Supply Hardware Division, Inc.2020-05-26$150,000-350,000
St. Johns Episcopal Church2020-05-26$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, PA2020-05-28$350,000-1 million
Pelican Health Henderson, LLC2020-05-28$350,000-1 million
Agora Concepts, Incorporated2020-05-28$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, LLC2020-05-28$150,000-350,000
Romeo Wiggins & Company, LLP2020-05-28$150,000-350,000
Fusion Bicycle Company2020-05-29$2-5 million
Resolute Building Company, Inc.2020-05-29$350,000-1 million
Sactacular Holdings, LLC2020-05-29$350,000-1 million
The Metrolina Regional Scholars' Academy, Inc.2020-05-29$350,000-1 million
Aclu of North Carolina Legal Foundation2020-05-29$150,000-350,000
Bailey Contracting, Inc.2020-05-29$150,000-350,000
Bass Corporation of Wilson2020-05-29$150,000-350,000
Baxter Lawn Care Management, LLC2020-05-29$150,000-350,000
Carnell's Plumbing, Inc.2020-05-29$150,000-350,000
Diverse Family Services, LLC2020-05-29$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, LLC2020-05-30$150,000-350,000
Giga Management, LLC2020-05-30$150,000-350,000
Kingdom City Church2020-05-30$150,000-350,000
Aceyus, Inc.2020-05-31$350,000-1 million
Reliable Labor2020-05-31$150,000-350,000

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