There were 32 PPP loans issued in Ohio during the week ending June 14. 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 |
|---|---|---|
| Integrity SS, LLC | 2020-06-08 | $1-2 million |
| Bambauer Equipment, LLC | 2020-06-08 | $150,000-350,000 |
| Dynamic Industries, Inc. | 2020-06-08 | $150,000-350,000 |
| L & M Equipment Company, LLC | 2020-06-08 | $150,000-350,000 |
| Romaster Corporation | 2020-06-08 | $150,000-350,000 |
| Sos Trucking Services, LLC | 2020-06-08 | $150,000-350,000 |
| Dot Systems, Inc. | 2020-06-09 | $150,000-350,000 |
| Kappa Kappa Gamma Foundation | 2020-06-09 | $150,000-350,000 |
| New Life Scientific, Inc. | 2020-06-09 | $150,000-350,000 |
| Rohaan KTK Logistics, LLC | 2020-06-09 | $150,000-350,000 |
| Mitchell Brothers Ice Cream, Inc. | 2020-06-10 | $1-2 million |
| Dexxxon Digital Strorage, Inc. | 2020-06-10 | $350,000-1 million |
| Allied Transport Group, LLC | 2020-06-10 | $150,000-350,000 |
| Devine Shop-N-Save, Inc. | 2020-06-10 | $150,000-350,000 |
| The Paragon Club, Inc. | 2020-06-10 | $150,000-350,000 |
| West Ohio Dermatology, Inc. | 2020-06-10 | $150,000-350,000 |
| Elizabeth Scott Community, Inc. | 2020-06-11 | $350,000-1 million |
| Fire Foe Corporation | 2020-06-11 | $350,000-1 million |
| Hyde Park Play School, Inc. | 2020-06-11 | $150,000-350,000 |
| Little Palace, Ltd. | 2020-06-11 | $150,000-350,000 |
| Fern Exposition Services, LLC | 2020-06-12 | $5-10 million |
| Performance Academies, LLC | 2020-06-12 | $2-5 million |
| Precision Geophysical, Inc. | 2020-06-12 | $350,000-1 million |
| Arrow Passage Recovery, LLC | 2020-06-12 | $150,000-350,000 |
| Handson Central Ohio, Inc. | 2020-06-12 | $150,000-350,000 |
| Montgomery Iron & Paper Company, Inc. | 2020-06-12 | $150,000-350,000 |
| Smilenorton, Inc. | 2020-06-12 | $150,000-350,000 |
| Toledo Fence & Supply Company | 2020-06-12 | $150,000-350,000 |
| Trinity Home Health, LLC | 2020-06-12 | $150,000-350,000 |
| William & Margaretta Taylor Memorial Association | 2020-06-12 | $150,000-350,000 |
| Yoders Produce, Inc. | 2020-06-12 | $150,000-350,000 |
| Thornton Trucking, Inc. | 2020-06-13 | $150,000-350,000 |
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