There were 49 PPP loans issued in Tennessee during the week ending June 28. 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 |
|---|---|---|
| Paragon Energy Solutions, LLC | 2020-06-22 | $2-5 million |
| Mason Complete Auto Repair | 2020-06-22 | $350,000-1 million |
| Strawberry Alley Ale Works, LLC | 2020-06-22 | $350,000-1 million |
| Associated Products Company, Inc. | 2020-06-22 | $150,000-350,000 |
| Ropi Management Group, LLC | 2020-06-22 | $150,000-350,000 |
| Superior Property Solutions, LLC | 2020-06-22 | $150,000-350,000 |
| Wilks Restoration | 2020-06-22 | $150,000-350,000 |
| Word & Word Construction, LLC | 2020-06-22 | $150,000-350,000 |
| Mccowat-Mercer Packaging, Inc. | 2020-06-23 | $350,000-1 million |
| Abbas Yavari | 2020-06-23 | $150,000-350,000 |
| Conry-Taylor and Morrow Cpas, PC | 2020-06-23 | $150,000-350,000 |
| English Garden, Inc. | 2020-06-23 | $150,000-350,000 |
| Lane Enterprises, Inc. | 2020-06-23 | $150,000-350,000 |
| Magic Companies, LLC | 2020-06-23 | $150,000-350,000 |
| Techmatic, Inc. | 2020-06-23 | $150,000-350,000 |
| Tri-State Mountain Neurology Associates | 2020-06-23 | $150,000-350,000 |
| Immersion Hospitality, Inc. | 2020-06-24 | $350,000-1 million |
| Ezzey Load Transportation, LLC | 2020-06-24 | $150,000-350,000 |
| Healthquest, P.C. | 2020-06-24 | $150,000-350,000 |
| Leasing Angels, Inc. | 2020-06-24 | $150,000-350,000 |
| Uplift Solutions, LLC | 2020-06-24 | $150,000-350,000 |
| Nothing But Hair, LLC | 2020-06-25 | $350,000-1 million |
| Boyjoh, Inc. | 2020-06-25 | $150,000-350,000 |
| Darius Buckner Company | 2020-06-25 | $150,000-350,000 |
| Indulge Lounge Professional, LLC | 2020-06-25 | $150,000-350,000 |
| Inix, LLC | 2020-06-25 | $150,000-350,000 |
| KWHP DC, LLC | 2020-06-25 | $150,000-350,000 |
| Longmire & Longmire Partnership | 2020-06-25 | $150,000-350,000 |
| Madison Church of Christ | 2020-06-25 | $150,000-350,000 |
| Realvoice, LLC | 2020-06-25 | $150,000-350,000 |
| Sansin Manufacturing of Tennessee, Inc. | 2020-06-25 | $150,000-350,000 |
| Marion Environmental Incorporated | 2020-06-26 | $1-2 million |
| ELS Construction | 2020-06-26 | $350,000-1 million |
| Hervery's Home Improvement | 2020-06-26 | $350,000-1 million |
| Moody's Sprinkler Company, Inc. | 2020-06-26 | $350,000-1 million |
| Sculpted Bodies by Amy, LLC | 2020-06-26 | $350,000-1 million |
| Southeastern Provision, LLC | 2020-06-26 | $350,000-1 million |
| Woods Painting Company | 2020-06-26 | $350,000-1 million |
| All Ways Touring, Inc. | 2020-06-26 | $150,000-350,000 |
| Distributed Control System Capital, LLC | 2020-06-26 | $150,000-350,000 |
| Journey Church Franklin | 2020-06-26 | $150,000-350,000 |
| Madison Transport | 2020-06-26 | $150,000-350,000 |
| Muddy's Bake Shop, LLC | 2020-06-26 | $150,000-350,000 |
| Pmarie3, LLC | 2020-06-26 | $150,000-350,000 |
| Tennessee Technology Development Corporation | 2020-06-26 | $150,000-350,000 |
| Imports of Memphis, LLC | 2020-06-27 | $150,000-350,000 |
| K & R Holdings Group, Inc. | 2020-06-27 | $150,000-350,000 |
| Classic Wedding Designs, Inc. | 2020-06-28 | $350,000-1 million |
| Southern Tales Entertainment | 2020-06-28 | $150,000-350,000 |
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