There were 42 PPP loans issued in Virginia during the week ending July 5. 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 |
|---|---|---|
| George K Degnon Associates, Inc. | 2020-06-29 | $350,000-1 million |
| Moxie It Solutions, Inc. | 2020-06-29 | $350,000-1 million |
| Amazing Taste, Inc. | 2020-06-29 | $150,000-350,000 |
| Appletree Academy, LLC | 2020-06-29 | $150,000-350,000 |
| BHG Scallop, LLC | 2020-06-29 | $150,000-350,000 |
| City Grille of Manassas, LLC | 2020-06-29 | $150,000-350,000 |
| Evergreen Property Management, Inc. | 2020-06-29 | $150,000-350,000 |
| Faccia Luna of Alexandria, LLC | 2020-06-29 | $150,000-350,000 |
| Fashions Unlimited, LLC | 2020-06-29 | $150,000-350,000 |
| Future Star, LLC | 2020-06-29 | $150,000-350,000 |
| Key Support Services, LLC | 2020-06-29 | $150,000-350,000 |
| Mother Nurture Company | 2020-06-29 | $150,000-350,000 |
| MS Clean Services, Inc. | 2020-06-29 | $150,000-350,000 |
| Sspi Mid-Atlantic, LLC | 2020-06-29 | $150,000-350,000 |
| Venture Fishing, LLC | 2020-06-29 | $150,000-350,000 |
| Five Guys Enterprises, LLC | 2020-06-30 | $5-10 million |
| Comsonics, Inc. | 2020-06-30 | $1-2 million |
| ATCS Services, LLC | 2020-06-30 | $350,000-1 million |
| Craiberly Enterprises | 2020-06-30 | $350,000-1 million |
| Crescent Counseling & Casework Services | 2020-06-30 | $350,000-1 million |
| Eagle Harbor, L.L.C. | 2020-06-30 | $350,000-1 million |
| Ace Equity Pros | 2020-06-30 | $150,000-350,000 |
| Blue Media, Inc. | 2020-06-30 | $150,000-350,000 |
| Companion of Wanchese, Inc. | 2020-06-30 | $150,000-350,000 |
| Dar Restoration Services, LLC | 2020-06-30 | $150,000-350,000 |
| Dolce Vita Partners, LLC | 2020-06-30 | $150,000-350,000 |
| Electrical Innovations | 2020-06-30 | $150,000-350,000 |
| Faith Evelyn, Inc. | 2020-06-30 | $150,000-350,000 |
| Fayito, LLC | 2020-06-30 | $150,000-350,000 |
| Hiwall, Inc. | 2020-06-30 | $150,000-350,000 |
| Janitorial & Maintenance Solutions, Inc. | 2020-06-30 | $150,000-350,000 |
| Jasa Trade School, Inc. | 2020-06-30 | $150,000-350,000 |
| Martin Lawn & Landscape, Inc. | 2020-06-30 | $150,000-350,000 |
| North Roanoke Assisted Living, LLC | 2020-06-30 | $150,000-350,000 |
| Paxia, Inc. | 2020-06-30 | $150,000-350,000 |
| Right Way Enterprise, Inc. | 2020-06-30 | $150,000-350,000 |
| Rivanna Equipment Company, LLC | 2020-06-30 | $150,000-350,000 |
| Tamarach Technologies, Inc. | 2020-06-30 | $150,000-350,000 |
| Tamarack Technologies, Inc. | 2020-06-30 | $150,000-350,000 |
| United Counseling Services, LLC | 2020-06-30 | $150,000-350,000 |
| WMD Jamestown Member, LLC | 2020-06-30 | $150,000-350,000 |
| Zenith Quest Corporation | 2020-06-30 | $150,000-350,000 |
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