There were 55 PPP loans issued in Maryland 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 |
|---|---|---|
| Nails Pop’N | 2020-05-25 | $150,000-350,000 |
| Associates Plumbing, Inc. | 2020-05-26 | $350,000-1 million |
| Mileone Construction | 2020-05-26 | $350,000-1 million |
| Property Management People, Inc. | 2020-05-26 | $350,000-1 million |
| Absolute Home Health Care, Inc. | 2020-05-26 | $150,000-350,000 |
| Automation Dynamics Incorporated | 2020-05-26 | $150,000-350,000 |
| Community Health Partners, LLC | 2020-05-26 | $150,000-350,000 |
| Detrick and Knowles Wine and Company, LLC | 2020-05-26 | $150,000-350,000 |
| Knight SKY, LLC | 2020-05-26 | $150,000-350,000 |
| Nova Management, LLC | 2020-05-26 | $150,000-350,000 |
| Real Transitions, LLC | 2020-05-26 | $150,000-350,000 |
| The Angels Garden, LLC | 2020-05-26 | $150,000-350,000 |
| Western Maryland Outdoor Power, Inc. | 2020-05-26 | $150,000-350,000 |
| Ces Security | 2020-05-27 | $1-2 million |
| Mindworld, LLC | 2020-05-27 | $350,000-1 million |
| S&P Developement, LLC | 2020-05-27 | $350,000-1 million |
| Abramson & Kneussl, PA | 2020-05-27 | $150,000-350,000 |
| Cygnus Corporation, Inc. | 2020-05-27 | $150,000-350,000 |
| Discount Mattress Outlet, LLC | 2020-05-27 | $150,000-350,000 |
| East Coast Laboratory Services, LLC | 2020-05-27 | $150,000-350,000 |
| LBDP, Inc. | 2020-05-27 | $150,000-350,000 |
| LS Mechanical, Inc. | 2020-05-27 | $150,000-350,000 |
| Lundberg Builders, Inc. | 2020-05-27 | $150,000-350,000 |
| Medical Transportation Systems, LLC | 2020-05-27 | $150,000-350,000 |
| Salon 8736, Inc. | 2020-05-27 | $150,000-350,000 |
| Shofers Furniture | 2020-05-27 | $150,000-350,000 |
| T&R Trucking, LLC | 2020-05-27 | $150,000-350,000 |
| Thomas Recovery, Inc. | 2020-05-27 | $150,000-350,000 |
| U-Ship Trans Global, LLC | 2020-05-27 | $150,000-350,000 |
| V-Nine, Inc. | 2020-05-27 | $150,000-350,000 |
| Platinum Business Corporation | 2020-05-28 | $1-2 million |
| Department 13, Inc. | 2020-05-28 | $350,000-1 million |
| Liberty Rd Randallstown Opco LLC, M.D. | 2020-05-28 | $350,000-1 million |
| Data Search, Inc. | 2020-05-28 | $150,000-350,000 |
| Diagnostic Imaging Associates, LLC | 2020-05-28 | $150,000-350,000 |
| DMV Security Services, LLC | 2020-05-28 | $150,000-350,000 |
| G3 Innovative Solutions | 2020-05-28 | $150,000-350,000 |
| Merchant Processing Solutions, Inc. | 2020-05-28 | $150,000-350,000 |
| Qualls Security & Investigations, Inc. | 2020-05-28 | $150,000-350,000 |
| Development Services Group, Inc. | 2020-05-29 | $350,000-1 million |
| Sons Inc., PC | 2020-05-29 | $350,000-1 million |
| Angel Touchskincare | 2020-05-29 | $150,000-350,000 |
| Behavior Therapy Center of Greater Washington, PA | 2020-05-29 | $150,000-350,000 |
| God'S Way International Church | 2020-05-29 | $150,000-350,000 |
| J & T Auto Wreckers, Inc. | 2020-05-29 | $150,000-350,000 |
| Master Systems Automotive, Inc. | 2020-05-29 | $150,000-350,000 |
| United Transitions of America, LLC | 2020-05-29 | $150,000-350,000 |
| Hope Found, Inc. | 2020-05-30 | $350,000-1 million |
| Silver Spring Opco LLC, M.D. | 2020-05-30 | $350,000-1 million |
| TVI, LLC | 2020-05-30 | $350,000-1 million |
| D F & E Specialists, Inc. | 2020-05-30 | $150,000-350,000 |
| Oregon, LLC | 2020-05-30 | $150,000-350,000 |
| Landmark Insurance & Financial Group, Inc. | 2020-05-31 | $150,000-350,000 |
| Red Octopus Tattoo, Inc. | 2020-05-31 | $150,000-350,000 |
| Vicenza Home Health Care Services, Inc. | 2020-05-31 | $150,000-350,000 |
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