There were 47 PPP loans issued in Virginia 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 |
|---|---|---|
| Sapphire Software Solutions, Inc. | 2020-06-08 | $2-5 million |
| Virginia Community Capital, Inc. | 2020-06-08 | $1-2 million |
| Infinity Communications Solutions, LLC. | 2020-06-08 | $350,000-1 million |
| Ina Solutions, Inc. | 2020-06-08 | $150,000-350,000 |
| Knead a Break, LLC | 2020-06-08 | $150,000-350,000 |
| Knead Therapy, LLC | 2020-06-08 | $150,000-350,000 |
| RSHS, LLC | 2020-06-08 | $150,000-350,000 |
| RSM Holdings, Inc. | 2020-06-08 | $150,000-350,000 |
| American Institute of Aeronautics and Astronautics | 2020-06-09 | $350,000-1 million |
| Intellinest Solutions | 2020-06-09 | $350,000-1 million |
| Sphinx Solutions, Inc. | 2020-06-09 | $350,000-1 million |
| Action T-Shirts, LLC | 2020-06-09 | $150,000-350,000 |
| Chameleon Consulting Group, LLC | 2020-06-09 | $150,000-350,000 |
| CS Xperts, LLC | 2020-06-09 | $150,000-350,000 |
| Dental Associates, PLLC | 2020-06-09 | $150,000-350,000 |
| Ie&J Company, CMD, LLC | 2020-06-09 | $150,000-350,000 |
| Markena, LLC | 2020-06-09 | $150,000-350,000 |
| Amyotrophic Lateral Sclerosis Association, the, Inc. | 2020-06-10 | $1-2 million |
| Judith H. Turner | 2020-06-10 | $350,000-1 million |
| Madison Day School, Inc. | 2020-06-10 | $150,000-350,000 |
| Visual Soft, Inc. | 2020-06-10 | $150,000-350,000 |
| IBS Successor Corporation | 2020-06-11 | $350,000-1 million |
| PTV America, Inc. | 2020-06-11 | $350,000-1 million |
| Technique Solutions, Inc. | 2020-06-11 | $350,000-1 million |
| BKK 54, Inc. | 2020-06-11 | $150,000-350,000 |
| Edo's Squid, LLC | 2020-06-11 | $150,000-350,000 |
| Gene Gorman & Associates, Inc. | 2020-06-11 | $150,000-350,000 |
| Merroir RVA, LLC | 2020-06-11 | $150,000-350,000 |
| Old Dominion Orthopaedics & Sports Medicine, P.C. | 2020-06-11 | $150,000-350,000 |
| Rapp Bar Charleston, LLC | 2020-06-11 | $150,000-350,000 |
| Rapp Bar Dtla, LLC | 2020-06-11 | $150,000-350,000 |
| S & S Service Center, Inc. | 2020-06-11 | $150,000-350,000 |
| The Short Run Stamping Company | 2020-06-11 | $150,000-350,000 |
| Wharf Rapp, LLC | 2020-06-11 | $150,000-350,000 |
| Atlantic Coast Athletic Clubs of Virginia, Inc. | 2020-06-12 | $1-2 million |
| Atlantic Coast Athletic Clubs of Richmond, Inc. | 2020-06-12 | $350,000-1 million |
| Atlantic Coast Athletic Clubs of Short Pump, Inc. | 2020-06-12 | $350,000-1 million |
| R & B, Inc. | 2020-06-12 | $350,000-1 million |
| Absolute Comfort Heating & Air Condinc | 2020-06-12 | $150,000-350,000 |
| Basecamp Consulting and Solutions, LLC | 2020-06-12 | $150,000-350,000 |
| Custom Care Lawn & Property Services, Inc. | 2020-06-12 | $150,000-350,000 |
| Fenco, Incorporated | 2020-06-12 | $150,000-350,000 |
| Hard Working Contractors, LLC | 2020-06-12 | $150,000-350,000 |
| Kia Flooring & Design, LLC | 2020-06-12 | $150,000-350,000 |
| Loudoun Innovation, LLC | 2020-06-12 | $150,000-350,000 |
| Coalition for Social Justice and Reform | 2020-06-13 | $150,000-350,000 |
| Loudoun Innovation, LLC | 2020-06-13 | $150,000-350,000 |
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