There were 26 PPP loans issued in South Carolina during the week ending May 31. 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 |
|---|---|---|
| Grand Strand Rehab and Nursing Center, LLC | 2020-05-26 | $350,000-1 million |
| Loris Rehab and Nursing Center, LLC | 2020-05-26 | $350,000-1 million |
| Core Metrology, Inc. | 2020-05-26 | $150,000-350,000 |
| Berneta E. Thames Foundation, LLC | 2020-05-27 | $350,000-1 million |
| Felton Laboratory Charter School | 2020-05-27 | $350,000-1 million |
| Medford Nursing Center, LLC | 2020-05-27 | $350,000-1 million |
| Morrell Nursing Center, LLC | 2020-05-27 | $350,000-1 million |
| Oakhaven Nursing Center, LLC | 2020-05-27 | $350,000-1 million |
| Terry R. Lee Contracting Company, Inc. | 2020-05-27 | $350,000-1 million |
| Whetstone Academy, LLC | 2020-05-27 | $350,000-1 million |
| Midland Hauling & Clean Up, LLC | 2020-05-27 | $150,000-350,000 |
| Midlands Fatherhood Coalition, Inc. | 2020-05-27 | $150,000-350,000 |
| Royal Live Oaks Academy-Ridgeland | 2020-05-28 | $350,000-1 million |
| Austin's at Litchfield, Inc. | 2020-05-28 | $150,000-350,000 |
| Family First Investments, LLC | 2020-05-28 | $150,000-350,000 |
| Olde Maid Janitorial Services, LLC | 2020-05-28 | $150,000-350,000 |
| South Carolina Investment I, Inc. | 2020-05-28 | $150,000-350,000 |
| South Carolina Investment II, Inc. | 2020-05-28 | $150,000-350,000 |
| South Carolina Investment V, Inc. | 2020-05-28 | $150,000-350,000 |
| South Carolina Investment VI, Inc. | 2020-05-28 | $150,000-350,000 |
| South Carolina Investment VIII, Inc. | 2020-05-28 | $150,000-350,000 |
| South Carolina Investment XI, Inc. | 2020-05-28 | $150,000-350,000 |
| South Carolina Investment XII, Inc. | 2020-05-28 | $150,000-350,000 |
| 173 Meeting Street INN Limited Partnership | 2020-05-29 | $150,000-350,000 |
| Dick's Last Resort of Myrtle Beach, LLC | 2020-05-29 | $150,000-350,000 |
| W. C. Jones Construction, Inc. | 2020-05-29 | $150,000-350,000 |
Alerts Sign-up