There were 49 PPP loans issued in South Carolina 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 |
|---|---|---|
| Velux Greenwood, LLC | 2020-05-11 | $2-5 million |
| Prince Manufacturing Corporation | 2020-05-11 | $1-2 million |
| Somo Global, Inc. | 2020-05-11 | $350,000-1 million |
| Advanced Sustainable Engineered Solutions, LLC | 2020-05-11 | $150,000-350,000 |
| Anatoliy Stone Products, Inc. | 2020-05-11 | $150,000-350,000 |
| Assaad Technology, Inc. | 2020-05-11 | $150,000-350,000 |
| Curd Enterprises, Inc. | 2020-05-11 | $150,000-350,000 |
| General Food Store of Walterboro, Inc. | 2020-05-11 | $150,000-350,000 |
| Kriss Carolina Landscape Supplies, Inc. | 2020-05-11 | $150,000-350,000 |
| Power Line Clearing Contractors, Inc. | 2020-05-11 | $150,000-350,000 |
| SDR Towing and Recovery, LLC | 2020-05-11 | $150,000-350,000 |
| The Infinity Group of School, LLC | 2020-05-11 | $150,000-350,000 |
| Carolina Heating Services of Greenville, Inc. | 2020-05-12 | $350,000-1 million |
| Island Landscapes, LLC | 2020-05-12 | $350,000-1 million |
| Palmetto Scholors Academy | 2020-05-12 | $350,000-1 million |
| DPX Technologies, LLC | 2020-05-12 | $150,000-350,000 |
| Pit Stop Service Center, Inc. | 2020-05-12 | $150,000-350,000 |
| RV Retailer South Carolina, LLC | 2020-05-12 | $150,000-350,000 |
| Simply Everything, LLC | 2020-05-12 | $150,000-350,000 |
| Wateree Community Action Agency, Inc. | 2020-05-13 | $1-2 million |
| Lone Star Labor, LLC | 2020-05-13 | $350,000-1 million |
| Nirenblatt, Nirenblatt and Hoffman, LLP | 2020-05-13 | $350,000-1 million |
| American Fab & Maintenance, LLC | 2020-05-13 | $150,000-350,000 |
| Asbill Electric Service | 2020-05-13 | $150,000-350,000 |
| Divine Hearts Homecare, LLC | 2020-05-13 | $150,000-350,000 |
| Noble Delivery, Inc. | 2020-05-13 | $150,000-350,000 |
| Sumter Easy Home, LLC | 2020-05-13 | $150,000-350,000 |
| Fomas, Inc. | 2020-05-14 | $1-2 million |
| Island Global Yachting, Ltd. | 2020-05-14 | $1-2 million |
| Oppermann Webbing, Inc. | 2020-05-14 | $1-2 million |
| Cowboy USA, LLC | 2020-05-14 | $350,000-1 million |
| ESR Motor Systems, LLC | 2020-05-14 | $350,000-1 million |
| Carolina Nutrition Consultants, LLC | 2020-05-14 | $150,000-350,000 |
| Faithful Transport Services, LLC | 2020-05-14 | $150,000-350,000 |
| Greider, LLC | 2020-05-14 | $150,000-350,000 |
| Handpicked, Inc. | 2020-05-14 | $150,000-350,000 |
| Hansen Pallet Company | 2020-05-14 | $150,000-350,000 |
| Lewis Law Firm, LLC | 2020-05-14 | $150,000-350,000 |
| The Eastern Westerner | 2020-05-14 | $150,000-350,000 |
| Viriciti, LLC | 2020-05-14 | $150,000-350,000 |
| BBD Enterprises, Inc. | 2020-05-15 | $150,000-350,000 |
| Coastal Technologies, Inc. | 2020-05-15 | $150,000-350,000 |
| Hyams Landscape Contractors, Inc. | 2020-05-15 | $150,000-350,000 |
| Myrtle Air Services, Inc. | 2020-05-15 | $150,000-350,000 |
| Sandlapper Securities, LLC | 2020-05-15 | $150,000-350,000 |
| Virtual Connect Technologies, Inc. | 2020-05-15 | $150,000-350,000 |
| King Street Grille Freshfields | 2020-05-17 | $150,000-350,000 |
| King Street Grille Myrtle Beach | 2020-05-17 | $150,000-350,000 |
| Smart Phone Repair | 2020-05-17 | $150,000-350,000 |
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