There were 41 PPP loans issued in Maryland during the week ending June 7. 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 |
|---|---|---|
| Air Combat Effectiveness Consultin Group, LLC | 2020-06-01 | $1-2 million |
| Eades Ventures Corporation, LLC | 2020-06-01 | $350,000-1 million |
| 2guys Transportation, LLC | 2020-06-01 | $150,000-350,000 |
| Deep Roots, LLC | 2020-06-01 | $150,000-350,000 |
| Gideon Baffoe Ministry Outreach | 2020-06-01 | $150,000-350,000 |
| Josh Kamal, LLC | 2020-06-01 | $150,000-350,000 |
| Allstates Worldcargo Intermediary, LLC | 2020-06-02 | $350,000-1 million |
| Axis Health at Frostburg Opco, LLC | 2020-06-02 | $350,000-1 million |
| Helping Hands Therapeutic Services LLC, LLC | 2020-06-02 | $150,000-350,000 |
| New Olde Towne INN | 2020-06-02 | $150,000-350,000 |
| Antrim 1844, Inc. | 2020-06-03 | $350,000-1 million |
| Fawema Nursing Contractor, Inc. | 2020-06-03 | $350,000-1 million |
| Novad Management Consulting, LLC | 2020-06-03 | $350,000-1 million |
| Data Services, Inc. | 2020-06-03 | $150,000-350,000 |
| David M. Oneil PA, M.D. | 2020-06-03 | $150,000-350,000 |
| Kramer Financial, LLC | 2020-06-03 | $150,000-350,000 |
| LA Fontaine Bleu, LLC | 2020-06-03 | $150,000-350,000 |
| Medicalincs, LLC | 2020-06-03 | $150,000-350,000 |
| Robert Philipson & Company | 2020-06-03 | $150,000-350,000 |
| Zauner & Mtimet, P.A. | 2020-06-03 | $150,000-350,000 |
| International Masonry Training and Education Foundation | 2020-06-04 | $1-2 million |
| Sacred Heart Home, Inc. | 2020-06-04 | $350,000-1 million |
| Walrus Oyster and Ale House | 2020-06-04 | $350,000-1 million |
| Alta Waterproofing | 2020-06-04 | $150,000-350,000 |
| Arbenger International Consulting, LLC | 2020-06-04 | $150,000-350,000 |
| Technology Talent Network, LLC | 2020-06-04 | $150,000-350,000 |
| Oakwood Rehab and Nursing Center, LLC | 2020-06-05 | $1-2 million |
| Complete Apartment Services, Inc. | 2020-06-05 | $350,000-1 million |
| Lehner Transportation and Logistics | 2020-06-05 | $350,000-1 million |
| Oak Contracting, LLC | 2020-06-05 | $350,000-1 million |
| Priority Power, Inc. | 2020-06-05 | $350,000-1 million |
| Bradcorp Services, Inc. | 2020-06-05 | $150,000-350,000 |
| Brian W Muhler, P. A. , D.D.S. | 2020-06-05 | $150,000-350,000 |
| Harding & Knopf Construction I | 2020-06-05 | $150,000-350,000 |
| JLT Enterprises, Inc. | 2020-06-05 | $150,000-350,000 |
| Sarah's House Mental Health Services, LLC | 2020-06-05 | $150,000-350,000 |
| The Ranch, Inc. | 2020-06-05 | $150,000-350,000 |
| Golden Lounge, LLC | 2020-06-07 | $150,000-350,000 |
| Playerz World Entertainment, Inc. | 2020-06-07 | $150,000-350,000 |
| Rang, LLC | 2020-06-07 | $150,000-350,000 |
| TQT Brothers, Inc. | 2020-06-07 | $150,000-350,000 |
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