There were 18 PPP loans issued in Indiana 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 |
|---|---|---|
| Beavercreek Senior Living II, LLC | 2020-06-29 | $350,000-1 million |
| Contract Services Group, LLC | 2020-06-29 | $350,000-1 million |
| Fuji Component Parts USA, Inc. | 2020-06-29 | $350,000-1 million |
| Allen & Scott Enterprises, Inc. | 2020-06-29 | $150,000-350,000 |
| Exacto of South Bend, Inc. | 2020-06-29 | $150,000-350,000 |
| Milestone Construction, Inc. | 2020-06-29 | $150,000-350,000 |
| The Lutheran Foundation, Inc. | 2020-06-29 | $150,000-350,000 |
| KBT Enterprises, Inc. | 2020-06-30 | $350,000-1 million |
| Morpheous, Inc. | 2020-06-30 | $350,000-1 million |
| Blue Matrix Group, Inc. | 2020-06-30 | $150,000-350,000 |
| Charley Creek INN Hospitality, LLC | 2020-06-30 | $150,000-350,000 |
| Domenickm, LLC | 2020-06-30 | $150,000-350,000 |
| Forus, LLC | 2020-06-30 | $150,000-350,000 |
| Higher Institute of ARTS and Technology, Inc. | 2020-06-30 | $150,000-350,000 |
| Infinity Solutions Excavating, Inc. | 2020-06-30 | $150,000-350,000 |
| J&B Interior Trim, Inc. | 2020-06-30 | $150,000-350,000 |
| Jadac III, Inc. | 2020-06-30 | $150,000-350,000 |
| Saint Wendel Catholic Church School | 2020-06-30 | $150,000-350,000 |
Alerts Sign-up