There were 31 PPP loans issued in Tennessee during the week ending June 21. 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 |
|---|---|---|
| The Ottoh Group | 2020-06-15 | $2-5 million |
| A Square Meal Cafe, LLC | 2020-06-15 | $150,000-350,000 |
| Double a BBQ & Catering, Inc. | 2020-06-15 | $150,000-350,000 |
| Next Level Financials, LLC | 2020-06-15 | $150,000-350,000 |
| Commercial Cleaning Systems, Inc. | 2020-06-16 | $350,000-1 million |
| Frank's Barber Shop, LLC | 2020-06-16 | $150,000-350,000 |
| Holliday Flowers & Events, Inc. | 2020-06-17 | $350,000-1 million |
| Appalachian Staffing Service, LLC | 2020-06-17 | $150,000-350,000 |
| Appwiz International, Inc. | 2020-06-17 | $150,000-350,000 |
| Bruno Durant | 2020-06-17 | $150,000-350,000 |
| Circle S Butcher Block and Farm Kitchen, LLC | 2020-06-17 | $150,000-350,000 |
| Mccomb Trucking | 2020-06-17 | $150,000-350,000 |
| Accordias Healthcare Services, LLC | 2020-06-18 | $150,000-350,000 |
| D3M, LLC | 2020-06-18 | $150,000-350,000 |
| Foster, Inc. | 2020-06-18 | $150,000-350,000 |
| K&P Food Group, LLC | 2020-06-18 | $150,000-350,000 |
| Oeser Food Stores, Incorporated | 2020-06-18 | $150,000-350,000 |
| Plateau Angus Farm | 2020-06-18 | $150,000-350,000 |
| Rapid Refund Taxes, LLC | 2020-06-18 | $150,000-350,000 |
| Friendship Home Health Agency, LLC | 2020-06-19 | $350,000-1 million |
| Khoren Melkonyan | 2020-06-19 | $350,000-1 million |
| Louski Transportation, Inc. | 2020-06-19 | $350,000-1 million |
| Lil' Kings & Queens Child Care Center, LLC | 2020-06-19 | $150,000-350,000 |
| Stephen Brown Ministries | 2020-06-19 | $150,000-350,000 |
| Thermatec, Inc. | 2020-06-19 | $150,000-350,000 |
| Whitaker Enterprise, LLC | 2020-06-19 | $150,000-350,000 |
| Alba Logistics, LLC | 2020-06-20 | $150,000-350,000 |
| Mug Shots Bar & Grill, LLC | 2020-06-20 | $150,000-350,000 |
| Top Priority, Inc. | 2020-06-20 | $150,000-350,000 |
| Big B Trucking, LLC | 2020-06-21 | $350,000-1 million |
| J and J Construction | 2020-06-21 | $350,000-1 million |
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