There were 42 PPP loans issued in Maryland 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 |
|---|---|---|
| American Society for Cell Biology | 2020-06-08 | $350,000-1 million |
| RC Contractor, LLC | 2020-06-08 | $350,000-1 million |
| Care Positive, LLC | 2020-06-08 | $150,000-350,000 |
| Chevy Chase Glass Company, Inc. | 2020-06-08 | $150,000-350,000 |
| Conveyors & Plastics, Inc. | 2020-06-08 | $150,000-350,000 |
| Hearing Loss Association of America | 2020-06-08 | $150,000-350,000 |
| Juteknology, LLC | 2020-06-08 | $150,000-350,000 |
| Webfirst, Inc. | 2020-06-08 | $150,000-350,000 |
| ARC Water Treatment Company of Maryland, Inc. | 2020-06-09 | $350,000-1 million |
| Whitcraft Services, Inc. | 2020-06-09 | $350,000-1 million |
| 3nsolutions, Inc. | 2020-06-09 | $150,000-350,000 |
| Caring Hands Adult Day Care Center of Dundalk, Inc. | 2020-06-09 | $150,000-350,000 |
| Lumia, One, Inc. | 2020-06-09 | $150,000-350,000 |
| The HR Team, Inc. | 2020-06-09 | $150,000-350,000 |
| The Young Men's Christian Association of Cumberland, Maryland | 2020-06-09 | $150,000-350,000 |
| Truetech | 2020-06-09 | $150,000-350,000 |
| Community Neonatal Associates, PC | 2020-06-10 | $350,000-1 million |
| Jalapenos Market Incorporated | 2020-06-10 | $150,000-350,000 |
| Magno Enterprises, LLC | 2020-06-10 | $150,000-350,000 |
| Gray Matters Technology Services, LLC | 2020-06-11 | $350,000-1 million |
| VDL, Inc. | 2020-06-11 | $350,000-1 million |
| A & P Beach Rentals, LLC | 2020-06-11 | $150,000-350,000 |
| Adcor Services, LLC | 2020-06-11 | $150,000-350,000 |
| Benrosa Trading Company, LLC | 2020-06-11 | $150,000-350,000 |
| Light House Social Enterprises, LLC | 2020-06-11 | $150,000-350,000 |
| Storefronts Incorporated | 2020-06-11 | $150,000-350,000 |
| Taylor Made Transportation Services, Inc. | 2020-06-11 | $150,000-350,000 |
| Capitol Development Design, Inc. | 2020-06-12 | $350,000-1 million |
| Icore Infotech, Inc. | 2020-06-12 | $350,000-1 million |
| Maryland Athletic Club & Wellness Center, L.L.C. | 2020-06-12 | $350,000-1 million |
| Feezer Water Systems, LLC | 2020-06-12 | $150,000-350,000 |
| Gentel Towing Company, LLC | 2020-06-12 | $150,000-350,000 |
| Old Georgetown Mental Health Associates, LLC | 2020-06-12 | $150,000-350,000 |
| PKH Enterprises, LLC | 2020-06-12 | $150,000-350,000 |
| Shields Worthington, LLC | 2020-06-12 | $150,000-350,000 |
| TDK Properties, LLC | 2020-06-12 | $150,000-350,000 |
| Transcold Express, LLC | 2020-06-12 | $150,000-350,000 |
| Davis & Davis Paralegal Services, LLC | 2020-06-13 | $150,000-350,000 |
| Joseph Ries | 2020-06-13 | $150,000-350,000 |
| Presitge Executive Transportation Service, LLC | 2020-06-13 | $150,000-350,000 |
| Michael Clarke Dent | 2020-06-14 | $150,000-350,000 |
| Q9 Software, LLC | 2020-06-14 | $150,000-350,000 |
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