There were 44 PPP loans issued in Tennessee during the week ending May 17. 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 |
|---|---|---|
| Matsuo Industries USA, Inc. | 2020-05-11 | $2-5 million |
| Kentucky Electronics, Inc. | 2020-05-11 | $350,000-1 million |
| Bluff City Courier | 2020-05-11 | $150,000-350,000 |
| Castle Rock Mortgage, LLC | 2020-05-11 | $150,000-350,000 |
| GGI Janitorial, Inc. | 2020-05-11 | $150,000-350,000 |
| Mid South Concrete, Inc. | 2020-05-11 | $150,000-350,000 |
| Truskill Machining, Inc. | 2020-05-11 | $150,000-350,000 |
| VK Integrated Systems, Inc. | 2020-05-11 | $150,000-350,000 |
| Ruby Tuesday, Inc. | 2020-05-12 | $5-10 million |
| Acraloc Corporation | 2020-05-12 | $150,000-350,000 |
| Die-Max Tool & Die, Inc. | 2020-05-12 | $150,000-350,000 |
| JL Audio | 2020-05-12 | $150,000-350,000 |
| MT Pleasant Transfer, Inc. | 2020-05-12 | $150,000-350,000 |
| Nashville Roadrunners, LLC | 2020-05-12 | $150,000-350,000 |
| Pat Grimes | 2020-05-12 | $150,000-350,000 |
| Paul Mueller Packaging Solutions USA LP | 2020-05-12 | $150,000-350,000 |
| Stanley Best Heating Air, Inc. | 2020-05-12 | $150,000-350,000 |
| TRI Dawn Enterprises, Inc. | 2020-05-12 | $150,000-350,000 |
| Whaley's Auto Repair & Towing, Inc. | 2020-05-12 | $150,000-350,000 |
| Wasabi, Inc. | 2020-05-13 | $350,000-1 million |
| Concrete Structures, Inc. | 2020-05-13 | $150,000-350,000 |
| Festivus, Inc. | 2020-05-13 | $150,000-350,000 |
| Frazier Roofing and Sheet Metal Company, Inc. | 2020-05-13 | $150,000-350,000 |
| Graves Metal Products, Inc. | 2020-05-13 | $150,000-350,000 |
| Jumpstart Holdings, LLC | 2020-05-13 | $150,000-350,000 |
| Mid-South Produce Distributors, LLC | 2020-05-13 | $150,000-350,000 |
| TK of Clarksville, Inc. | 2020-05-13 | $150,000-350,000 |
| Continental Health Alliance, LLC. | 2020-05-14 | $1-2 million |
| System Integration/modeling & Simulation, Inc. | 2020-05-14 | $350,000-1 million |
| Team Chow, LLC | 2020-05-14 | $350,000-1 million |
| 5 Points Animal Hospital, LLC | 2020-05-14 | $150,000-350,000 |
| Bates Nursery & Garden Center, Inc. | 2020-05-14 | $150,000-350,000 |
| Boundless Healthcare, LLC | 2020-05-14 | $150,000-350,000 |
| Patricktohill, LLC | 2020-05-14 | $150,000-350,000 |
| Robbins & Bohr, LLC | 2020-05-14 | $150,000-350,000 |
| Southeast Crane & Equipment, Inc. | 2020-05-14 | $150,000-350,000 |
| Community Care of Rutherford County, Inc. | 2020-05-15 | $1-2 million |
| Goodway Transport Corporation | 2020-05-15 | $350,000-1 million |
| H. G. Hill Company | 2020-05-15 | $350,000-1 million |
| Sterling Window Systems, Inc. | 2020-05-15 | $350,000-1 million |
| Air Doctors, LLC | 2020-05-15 | $150,000-350,000 |
| BCS Contractors, Inc. | 2020-05-15 | $150,000-350,000 |
| Tennessee Support Services, Inc. | 2020-05-15 | $150,000-350,000 |
| Michael Dunn Center | 2020-05-17 | $1-2 million |
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