There were 50 PPP loans issued in Massachusetts during the week ending June 7. 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 |
|---|---|---|
| Royal Hospitality Services, LLC | 2020-06-01 | $1-2 million |
| Century House of Peabody, Inc. | 2020-06-01 | $350,000-1 million |
| Five Star Appraisal Services | 2020-06-01 | $350,000-1 million |
| Boston Information Technology Services, Inc. | 2020-06-01 | $150,000-350,000 |
| J N Kidds Distributor, Inc. | 2020-06-01 | $150,000-350,000 |
| R E Lyons & Son Fire Equipment Corporation | 2020-06-01 | $150,000-350,000 |
| Sleeman Hanley Dinitto, Inc. | 2020-06-01 | $150,000-350,000 |
| Traditions Home Health Services, LLC | 2020-06-01 | $150,000-350,000 |
| Buttery Corporation | 2020-06-02 | $350,000-1 million |
| Seashore Pointe Rehab Center, LLC | 2020-06-02 | $350,000-1 million |
| Southgate at Shrewsbury, Inc. | 2020-06-02 | $350,000-1 million |
| Airport Taxi, LLP | 2020-06-02 | $150,000-350,000 |
| Data Quest, Ltd. | 2020-06-02 | $150,000-350,000 |
| Hiq Technologies, LLC | 2020-06-02 | $150,000-350,000 |
| Lend a Hand Haiti Corporation | 2020-06-02 | $150,000-350,000 |
| Lightning-Fast Logistics, LLC | 2020-06-02 | $150,000-350,000 |
| Saugus Paving, Inc. | 2020-06-02 | $150,000-350,000 |
| Venus III Bros, Inc. | 2020-06-02 | $150,000-350,000 |
| ABC Technician Squad, LLC | 2020-06-03 | $350,000-1 million |
| Starz Learning Corporation | 2020-06-03 | $350,000-1 million |
| A&a Pavao Construction Company, Inc. | 2020-06-03 | $150,000-350,000 |
| Beauvais Carpets, Boston, LLC | 2020-06-03 | $150,000-350,000 |
| Bedford Dining | 2020-06-03 | $150,000-350,000 |
| Brazee & Huban Cpas | 2020-06-03 | $150,000-350,000 |
| Cylindo, LLC | 2020-06-03 | $150,000-350,000 |
| Healing Abuse Working for Change, Inc. | 2020-06-03 | $150,000-350,000 |
| Lawrence Masonry Supplies, Inc. | 2020-06-03 | $150,000-350,000 |
| Viamed Corporation | 2020-06-03 | $150,000-350,000 |
| Fun Dining, Inc. | 2020-06-04 | $350,000-1 million |
| Larson Tool & Stamping Company | 2020-06-04 | $350,000-1 million |
| Zeevee, Inc. | 2020-06-04 | $350,000-1 million |
| Aidentified, LLC | 2020-06-04 | $150,000-350,000 |
| Broderick Gymnastic Academy, Inc. | 2020-06-04 | $150,000-350,000 |
| Defense Investigators Group | 2020-06-04 | $150,000-350,000 |
| New England Pool & Spa Services, Inc. | 2020-06-04 | $150,000-350,000 |
| New England Restaurant Associates, Inc. | 2020-06-04 | $150,000-350,000 |
| Northampton Integrative Medicine, LLC | 2020-06-04 | $150,000-350,000 |
| Hearts on Fire Company, LLC | 2020-06-05 | $1-2 million |
| Cermax Corporation | 2020-06-05 | $350,000-1 million |
| Marion Excavating Company, Inc. | 2020-06-05 | $350,000-1 million |
| Sea Street Technologies, Inc. | 2020-06-05 | $350,000-1 million |
| Studentcity.com, Inc. | 2020-06-05 | $350,000-1 million |
| Able Limousine, Inc. | 2020-06-05 | $150,000-350,000 |
| Jmac Distribution, LLC | 2020-06-05 | $150,000-350,000 |
| Labthink International, Inc. | 2020-06-05 | $150,000-350,000 |
| New England Home Performance Kings, Inc. | 2020-06-05 | $150,000-350,000 |
| Randal Moller | 2020-06-05 | $150,000-350,000 |
| The Red School, Inc. | 2020-06-05 | $150,000-350,000 |
| Walton, LLC | 2020-06-05 | $150,000-350,000 |
| Steve's Lakeview, Inc. | 2020-06-06 | $350,000-1 million |
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