There were 50 PPP loans issued in Massachusetts 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 |
|---|---|---|
| Nomis, LLC | 2020-06-15 | $350,000-1 million |
| Loyal Nine, LLC | 2020-06-15 | $150,000-350,000 |
| Rosewater MV, LLC | 2020-06-15 | $150,000-350,000 |
| 1366 Technologies, Inc. | 2020-06-16 | $350,000-1 million |
| Citizen Crust, LLC | 2020-06-16 | $350,000-1 million |
| Rockland Montessori School, Inc. | 2020-06-16 | $350,000-1 million |
| Big Daddy's, Inc. | 2020-06-16 | $150,000-350,000 |
| Cook Education Services, Inc. | 2020-06-16 | $150,000-350,000 |
| Delta Sand and Gravel, Inc. | 2020-06-16 | $150,000-350,000 |
| Kids Are People Elementary School, Inc. | 2020-06-16 | $150,000-350,000 |
| Learning House Preschool, LLC | 2020-06-16 | $150,000-350,000 |
| Sierra Architects, Inc. | 2020-06-16 | $150,000-350,000 |
| Apothecare Pharmacy, LLC | 2020-06-17 | $1-2 million |
| New England Auto Delivery | 2020-06-17 | $350,000-1 million |
| Alta Strada-Wellesley, LLC | 2020-06-17 | $150,000-350,000 |
| Baystate Wildlife Management, Inc. | 2020-06-17 | $150,000-350,000 |
| Edge Life Healthcare, Inc. | 2020-06-17 | $150,000-350,000 |
| How's Work, Inc. | 2020-06-17 | $150,000-350,000 |
| Insta-Brite Mobile Washing, Inc. | 2020-06-17 | $150,000-350,000 |
| Leonard Electric, Inc. | 2020-06-17 | $150,000-350,000 |
| Nantucket Home Health Care, Inc. | 2020-06-17 | $150,000-350,000 |
| The Chef's Table | 2020-06-17 | $150,000-350,000 |
| The Grill Next Door Corporation | 2020-06-17 | $150,000-350,000 |
| Troyer Manufacturing, LLC | 2020-06-17 | $150,000-350,000 |
| Pyramid Advisors Limited Partnership | 2020-06-18 | $1-2 million |
| Structure Consulting Group, Inc. | 2020-06-18 | $1-2 million |
| The Merrimack Valley Young Men's Christian Association, Inc. | 2020-06-18 | $1-2 million |
| The Welch Corporation | 2020-06-18 | $1-2 million |
| Gallant Insurance Agency, Inc. | 2020-06-18 | $350,000-1 million |
| Manufacturing Resource Group, Inc. | 2020-06-18 | $350,000-1 million |
| Milcon Construction Corporation | 2020-06-18 | $350,000-1 million |
| Allday HG, LLC | 2020-06-18 | $150,000-350,000 |
| Grove Products, Inc. | 2020-06-18 | $150,000-350,000 |
| Hooli Homes USA, Inc. | 2020-06-18 | $150,000-350,000 |
| Integrity Medical Transportation Corporation | 2020-06-18 | $150,000-350,000 |
| Seacrest Foods International, Inc. | 2020-06-19 | $1-2 million |
| Americas Building Group, Inc. | 2020-06-19 | $350,000-1 million |
| Massachusetts Manufacturing Extension Partnership, Inc. | 2020-06-19 | $350,000-1 million |
| New England Annual Conference of the United Methodist Church | 2020-06-19 | $350,000-1 million |
| TWS International Funding | 2020-06-19 | $350,000-1 million |
| Ab Laurels, LLC | 2020-06-19 | $150,000-350,000 |
| Biopier, Inc. | 2020-06-19 | $150,000-350,000 |
| Bullseyetx, LLC | 2020-06-19 | $150,000-350,000 |
| Cahill & Driscoll, Inc. | 2020-06-19 | $150,000-350,000 |
| Career Academy Com, Inc. | 2020-06-19 | $150,000-350,000 |
| Massachusetts Service Alliance, Inc. | 2020-06-19 | $150,000-350,000 |
| Vinnin Square Liquors, Inc. | 2020-06-19 | $150,000-350,000 |
| W. S. Kenney Company, Inc. | 2020-06-19 | $150,000-350,000 |
| B&a Business Development, Inc. | 2020-06-21 | $150,000-350,000 |
| Cargurus, Inc. | 2020-06-21 | $150,000-350,000 |
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