There were 46 PPP loans issued in Michigan 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 |
|---|---|---|
| Darrow, Inc. | 2020-06-08 | $350,000-1 million |
| B. I. G. Enterprises, Inc. | 2020-06-08 | $150,000-350,000 |
| Bell Tool, Inc. | 2020-06-08 | $150,000-350,000 |
| Boostan Cafe | 2020-06-08 | $150,000-350,000 |
| Diamond Health Management & Staffing Corporation | 2020-06-08 | $150,000-350,000 |
| Frank Bacon Machinery Sales Company | 2020-06-08 | $150,000-350,000 |
| Jebtal Imports, LLC | 2020-06-08 | $150,000-350,000 |
| Lincor Eatery, Inc. | 2020-06-08 | $150,000-350,000 |
| Sagano of Brighton, Inc. | 2020-06-08 | $150,000-350,000 |
| Sagano of Clarkston, Inc. | 2020-06-08 | $150,000-350,000 |
| Sunny Day Adventures, Inc. | 2020-06-08 | $150,000-350,000 |
| D Parker Holdings, Inc. | 2020-06-09 | $350,000-1 million |
| R3D Consulting Corporation | 2020-06-09 | $350,000-1 million |
| Azulera Farms, LLC | 2020-06-09 | $150,000-350,000 |
| DCH Catering, LLC | 2020-06-09 | $150,000-350,000 |
| Michigan Prime Logistics and Delivery | 2020-06-09 | $150,000-350,000 |
| The Cherry Hut, L.L.C. | 2020-06-09 | $150,000-350,000 |
| Harada Industry of America, Inc. | 2020-06-10 | $1-2 million |
| Orbbec 3D Technology International, Inc. | 2020-06-10 | $350,000-1 million |
| Ann Arbor Symphony Orchestra, Inc. | 2020-06-10 | $150,000-350,000 |
| Escape | 2020-06-10 | $150,000-350,000 |
| Lampe Enterprises, Inc. | 2020-06-10 | $150,000-350,000 |
| Yestofflo, LLC | 2020-06-10 | $150,000-350,000 |
| Nederlander Detroit, LLC | 2020-06-11 | $350,000-1 million |
| Wilbur Products | 2020-06-11 | $350,000-1 million |
| Detroit Ringo Kai | 2020-06-11 | $150,000-350,000 |
| Dyer Trucking, LLC | 2020-06-11 | $150,000-350,000 |
| First Rate Plumbing, Inc. | 2020-06-11 | $150,000-350,000 |
| Forgotten Manager Ministries | 2020-06-11 | $150,000-350,000 |
| Great Lakes Power & Pipe, Inc. | 2020-06-11 | $150,000-350,000 |
| Inspire Marketplace East | 2020-06-11 | $150,000-350,000 |
| Inspire Marketplace North, LLC | 2020-06-11 | $150,000-350,000 |
| Monroe Family Dentistry, P.C. | 2020-06-11 | $150,000-350,000 |
| Hamadeh Educational Services, Inc. | 2020-06-12 | $1-2 million |
| Auburn Hills Superior Hospitality, LLC | 2020-06-12 | $350,000-1 million |
| Psx-Professional Service Experts, LLC | 2020-06-12 | $350,000-1 million |
| Usher Tool & Die, Inc. | 2020-06-12 | $350,000-1 million |
| W Shallal, LLC | 2020-06-12 | $350,000-1 million |
| AL Washington | 2020-06-12 | $150,000-350,000 |
| Appold Enterprises, Inc. | 2020-06-12 | $150,000-350,000 |
| Bourdow Contracting, LLC | 2020-06-12 | $150,000-350,000 |
| Helmer Associates | 2020-06-12 | $150,000-350,000 |
| J & S Lodge, Inc. | 2020-06-12 | $150,000-350,000 |
| Divergent Customs, LLC | 2020-06-13 | $150,000-350,000 |
| J M L Contracting & Sales, Inc. | 2020-06-13 | $150,000-350,000 |
| True North Facility Services, Inc. | 2020-06-14 | $350,000-1 million |
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