There were 49 PPP loans issued in Louisiana 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 |
|---|---|---|
| Regal Industrial Group, LLC | 2020-06-22 | $350,000-1 million |
| Women United With a Cause | 2020-06-22 | $350,000-1 million |
| Acadia Services, LLC | 2020-06-22 | $150,000-350,000 |
| Business Capital Risk Control Services, LLC | 2020-06-22 | $150,000-350,000 |
| Immense Networks, LLC | 2020-06-22 | $150,000-350,000 |
| Jesse L. Pratt, LLC | 2020-06-22 | $150,000-350,000 |
| Ridgefield Animal Hospital, Inc. | 2020-06-22 | $150,000-350,000 |
| Southern Pain Center, LLC | 2020-06-22 | $150,000-350,000 |
| The Perfect Touch Make Up Services, LLC | 2020-06-22 | $150,000-350,000 |
| Bocage Racquet Club | 2020-06-23 | $350,000-1 million |
| UT Technology Solution of Louisiana, Inc. | 2020-06-23 | $350,000-1 million |
| Sombreros of Alexandria, LLC | 2020-06-23 | $150,000-350,000 |
| Elite Custom Protection Services, LLC | 2020-06-24 | $350,000-1 million |
| Louisiana Nursery Outlet, Inc. | 2020-06-24 | $350,000-1 million |
| Center Staging of Louisiana, LLC | 2020-06-24 | $150,000-350,000 |
| Guardian Hospice, Inc. | 2020-06-24 | $150,000-350,000 |
| Pistol's Plumbing & Maintenance, Inc. | 2020-06-24 | $150,000-350,000 |
| Sunset Community Store, Inc. | 2020-06-24 | $150,000-350,000 |
| Valman Brookhaven, L.L.C. | 2020-06-24 | $150,000-350,000 |
| Valman Mccomb Mall, L.L.C. | 2020-06-24 | $150,000-350,000 |
| Associated Waterproofing Corporation | 2020-06-25 | $150,000-350,000 |
| Cardinal Expo, Inc. | 2020-06-25 | $150,000-350,000 |
| Central City Economic Opportunity Corporation | 2020-06-25 | $150,000-350,000 |
| Daco Investments, LLC | 2020-06-25 | $150,000-350,000 |
| Gray Services, Inc. | 2020-06-25 | $150,000-350,000 |
| Valco Albany, L.L.C. | 2020-06-25 | $150,000-350,000 |
| Valco Amite, L.L.C. | 2020-06-25 | $150,000-350,000 |
| Valman Port Allen, L.L.C. | 2020-06-25 | $150,000-350,000 |
| Louisiana Technology Consulting, LLC | 2020-06-26 | $350,000-1 million |
| Amikids Acadiana, Inc. | 2020-06-26 | $150,000-350,000 |
| Jbennett's Trucking | 2020-06-26 | $150,000-350,000 |
| Jonathan Drake | 2020-06-26 | $150,000-350,000 |
| Metro Centers for Community Advocacy | 2020-06-26 | $150,000-350,000 |
| Prabo, LLC | 2020-06-26 | $150,000-350,000 |
| Valco Pearl Highway 43, L.L.C. | 2020-06-26 | $150,000-350,000 |
| Valco Picayune, L.L.C. | 2020-06-26 | $150,000-350,000 |
| Valman Denham Rushing Road, L.L.C. | 2020-06-26 | $150,000-350,000 |
| Valman Watson, L.L.C. | 2020-06-26 | $150,000-350,000 |
| Tolliver International Holding Corporation | 2020-06-27 | $350,000-1 million |
| Bayou Health, Elderly and Disabled Care, Inc. | 2020-06-27 | $150,000-350,000 |
| Kirtlen Patin | 2020-06-27 | $150,000-350,000 |
| Pleasant Shoulder | 2020-06-27 | $150,000-350,000 |
| Savannah Butler | 2020-06-27 | $150,000-350,000 |
| Terrell Davis | 2020-06-27 | $150,000-350,000 |
| John Heims Truck & Transport | 2020-06-28 | $150,000-350,000 |
| Johnson's Apparel | 2020-06-28 | $150,000-350,000 |
| Joseph Senior Transportation Services | 2020-06-28 | $150,000-350,000 |
| Main City, Inc. | 2020-06-28 | $150,000-350,000 |
| Pierce Foods, Inc. | 2020-06-28 | $150,000-350,000 |
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