There were 101 PPP loans issued in Tennessee during the week ending May 10. 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 |
|---|---|---|
| Tennessee Hospital Association | 2020-05-04 | $1-2 million |
| Humerick Environmental Construction, Inc. | 2020-05-04 | $350,000-1 million |
| Lyon Roofing, Inc. | 2020-05-04 | $350,000-1 million |
| Middle Tennessee Hospitalists, PLC | 2020-05-04 | $350,000-1 million |
| Raleigh Group, PC | 2020-05-04 | $350,000-1 million |
| Trew Industrial Wheels | 2020-05-04 | $350,000-1 million |
| A Mortgage Boutique, LLC | 2020-05-04 | $150,000-350,000 |
| Cloud Nine, LLC | 2020-05-04 | $150,000-350,000 |
| Cumberland Imaging Associates, PC | 2020-05-04 | $150,000-350,000 |
| Double-Cola Company-USA | 2020-05-04 | $150,000-350,000 |
| END Slavery Tennessee | 2020-05-04 | $150,000-350,000 |
| Getwell Pharmacy of Tennessee, Inc. | 2020-05-04 | $150,000-350,000 |
| Highland Academy | 2020-05-04 | $150,000-350,000 |
| Logistics Guru Global, LLC | 2020-05-04 | $150,000-350,000 |
| Medical Machining Technologies, LLC | 2020-05-04 | $150,000-350,000 |
| MWP Industrial Services, Inc. | 2020-05-04 | $150,000-350,000 |
| New Salem Baptist Church of Memphis, Inc. | 2020-05-04 | $150,000-350,000 |
| Optimal Medical Management, LLC | 2020-05-04 | $150,000-350,000 |
| PMG Software Professionals | 2020-05-04 | $150,000-350,000 |
| Sugery Center of Oak Ridge | 2020-05-04 | $150,000-350,000 |
| Temple of Deliverance Church of God in Christ | 2020-05-04 | $150,000-350,000 |
| The Anesis Group, Inc. | 2020-05-04 | $150,000-350,000 |
| Waterscapes Backyard Resorts | 2020-05-04 | $150,000-350,000 |
| Orthotennessee, P.C. | 2020-05-05 | $5-10 million |
| Meriwether Lewis Electric Cooperative | 2020-05-05 | $1-2 million |
| Associated Masonry Products, Inc. | 2020-05-05 | $350,000-1 million |
| Compassionate Care, Inc. | 2020-05-05 | $350,000-1 million |
| J. B. Gibbs and Son Construction Company, Inc. | 2020-05-05 | $350,000-1 million |
| Morgan Electric Company, Inc. | 2020-05-05 | $350,000-1 million |
| Newcourse Communications, Inc. | 2020-05-05 | $350,000-1 million |
| The Job Shoppe USA, Inc. | 2020-05-05 | $350,000-1 million |
| A. L. Hearon Contracting, Inc. | 2020-05-05 | $150,000-350,000 |
| Advance Restaurant Systems, LLC | 2020-05-05 | $150,000-350,000 |
| Body Panels Company, LLC | 2020-05-05 | $150,000-350,000 |
| CDC Holdings, LLC | 2020-05-05 | $150,000-350,000 |
| East Tennessee Medical Associates, PC | 2020-05-05 | $150,000-350,000 |
| ELK River Mechanical & Controls, LLC | 2020-05-05 | $150,000-350,000 |
| First United Methodist Church | 2020-05-05 | $150,000-350,000 |
| Geist House, LLC | 2020-05-05 | $150,000-350,000 |
| Laffer Associates, Inc. | 2020-05-05 | $150,000-350,000 |
| Miss Babs Hand Dyed Yarns & Fibers, Inc. | 2020-05-05 | $150,000-350,000 |
| Nashville F a D S, Inc. | 2020-05-05 | $150,000-350,000 |
| Physicians Medical Care, LLC | 2020-05-05 | $150,000-350,000 |
| Professional Traffic Control Services, LLC | 2020-05-05 | $150,000-350,000 |
| Tejinder Saini PC, M.D. | 2020-05-05 | $150,000-350,000 |
| Heritage Medical Associates, P.C. | 2020-05-06 | $5-10 million |
| Alliance Healthcare Services, Inc. | 2020-05-06 | $2-5 million |
| Ben Lomand Rural Telephone Cooperative, Inc. | 2020-05-06 | $1-2 million |
| Eastwood Landscaping, LLC | 2020-05-06 | $350,000-1 million |
| Jewell Mechanical, LLC | 2020-05-06 | $350,000-1 million |
| Lamberti Synthesis USA, Inc. | 2020-05-06 | $350,000-1 million |
| Neuvoo USA, Inc. | 2020-05-06 | $350,000-1 million |
| STA, LLC | 2020-05-06 | $350,000-1 million |
| Vetsmart Express, LLC | 2020-05-06 | $350,000-1 million |
| Advanced Breath Diagnostics, LLC | 2020-05-06 | $150,000-350,000 |
| Alternative Energy Products, LLC | 2020-05-06 | $150,000-350,000 |
| B & W Air, Inc. | 2020-05-06 | $150,000-350,000 |
| Damron Plumbing, LLC | 2020-05-06 | $150,000-350,000 |
| Eberline Anaytical Corporation | 2020-05-06 | $150,000-350,000 |
| Flower Express, Inc. | 2020-05-06 | $150,000-350,000 |
| Forest Creek Townhomes, LLC | 2020-05-06 | $150,000-350,000 |
| Golden Gate Development Corporation | 2020-05-06 | $150,000-350,000 |
| Madison Academy | 2020-05-06 | $150,000-350,000 |
| Mid South Supportive Living, LLC. | 2020-05-06 | $150,000-350,000 |
| Pinnacle Health, LLC | 2020-05-06 | $150,000-350,000 |
| Purfixsmile Dental | 2020-05-06 | $150,000-350,000 |
| Rentrop Geater, PLLC | 2020-05-06 | $150,000-350,000 |
| Sibyl Wray Neurology, P. C. , M.D. | 2020-05-06 | $150,000-350,000 |
| Tag Plastics, Inc. | 2020-05-06 | $150,000-350,000 |
| Volunteer First Services | 2020-05-06 | $150,000-350,000 |
| Weight Watchers of Middle and East Tennessee, Inc. | 2020-05-06 | $150,000-350,000 |
| Gregory Salmon | 2020-05-07 | $1-2 million |
| Midtown Center for Health and Rehabilitation, LLC | 2020-05-07 | $1-2 million |
| Polyloom Corporation of America | 2020-05-07 | $1-2 million |
| Hoenigsberg & Duevel Corporation | 2020-05-07 | $350,000-1 million |
| Kinnard Clayton & Beveridge | 2020-05-07 | $350,000-1 million |
| Omega Electrical Contractors, LLC | 2020-05-07 | $350,000-1 million |
| Pathopara, Inc. | 2020-05-07 | $350,000-1 million |
| All Womens Care, PLLC | 2020-05-07 | $150,000-350,000 |
| Broadstone Taphouse, LLC | 2020-05-07 | $150,000-350,000 |
| Burl's Termite & Pest Control, LLC | 2020-05-07 | $150,000-350,000 |
| Cordova Pain Specialists | 2020-05-07 | $150,000-350,000 |
| Eventa, LLC | 2020-05-07 | $150,000-350,000 |
| Henry County Medical Center EMS, Inc. | 2020-05-07 | $150,000-350,000 |
| Las Margaritas, Inc. | 2020-05-07 | $150,000-350,000 |
| Mid-South Specialties, Inc. | 2020-05-07 | $150,000-350,000 |
| Paducah Op, LLC | 2020-05-07 | $150,000-350,000 |
| The Wildlife Society, Inc. | 2020-05-07 | $150,000-350,000 |
| Two L Electric Company | 2020-05-07 | $150,000-350,000 |
| Campbell & Ford Construction, Inc. | 2020-05-08 | $350,000-1 million |
| Contractors Employment Solutions | 2020-05-08 | $350,000-1 million |
| Rangel's Workforce, Inc. | 2020-05-08 | $350,000-1 million |
| SMR Group, LLC | 2020-05-08 | $350,000-1 million |
| Still Unbroken, Inc. | 2020-05-08 | $350,000-1 million |
| Air Temp, Inc. | 2020-05-08 | $150,000-350,000 |
| Brewer Amusement Company, LLC | 2020-05-08 | $150,000-350,000 |
| Brewer Broadcasting of Chattanooga, Inc. | 2020-05-08 | $150,000-350,000 |
| CB Collision | 2020-05-08 | $150,000-350,000 |
| Elite Home Services, Inc. | 2020-05-08 | $150,000-350,000 |
| Faulkner's Backhoe Service, Inc. | 2020-05-08 | $150,000-350,000 |
| Mcgraphics, Inc. | 2020-05-08 | $150,000-350,000 |
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