There were 37 PPP loans issued in South Carolina during the week ending May 24. 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 |
|---|---|---|
| Ebtron, Inc. | 2020-05-18 | $1-2 million |
| 7 Cups of Tea Company | 2020-05-18 | $350,000-1 million |
| Doschers Dorchester Road, Inc. | 2020-05-18 | $350,000-1 million |
| Smoky Mountain Resort Services, LLC | 2020-05-18 | $350,000-1 million |
| The Eye Center, P.A. | 2020-05-18 | $350,000-1 million |
| Blue Ocean Ventures, LLC | 2020-05-18 | $150,000-350,000 |
| Smith & Associates, Inc. | 2020-05-18 | $150,000-350,000 |
| The Harnish Group, LLC | 2020-05-18 | $150,000-350,000 |
| Thomas & Denzinger Architects | 2020-05-18 | $150,000-350,000 |
| Ye Ole Fashioned Ice Cream | 2020-05-18 | $150,000-350,000 |
| Broad River Electric Cooperative, Inc. | 2020-05-19 | $350,000-1 million |
| A. G. Moss Incorporated | 2020-05-19 | $150,000-350,000 |
| Charleston Emergency Services, LLC | 2020-05-19 | $150,000-350,000 |
| Joseph Dubose | 2020-05-19 | $150,000-350,000 |
| M&J Carriers, LLC | 2020-05-19 | $150,000-350,000 |
| Denmark Technical College | 2020-05-20 | $350,000-1 million |
| Epicurean | 2020-05-20 | $350,000-1 million |
| Sar Automation LP | 2020-05-20 | $350,000-1 million |
| Hayfield Management Group, Inc. | 2020-05-20 | $150,000-350,000 |
| K&L Logistics, LLC | 2020-05-20 | $150,000-350,000 |
| Piggly Wiggly Calhoun, Inc. | 2020-05-20 | $150,000-350,000 |
| Piggly Wiggly Camden, Inc. | 2020-05-20 | $150,000-350,000 |
| Piggly Wiggly of Wesmark, Inc. | 2020-05-20 | $150,000-350,000 |
| The Garner Underground, Inc. | 2020-05-20 | $150,000-350,000 |
| Internet Services Corporation | 2020-05-21 | $1-2 million |
| Charleston Development Academy | 2020-05-21 | $150,000-350,000 |
| Kendall Media, Inc. | 2020-05-21 | $150,000-350,000 |
| Simoneaux Electric, Inc. | 2020-05-21 | $150,000-350,000 |
| Tothegress Associates | 2020-05-21 | $150,000-350,000 |
| Night Flyte, Inc. | 2020-05-22 | $350,000-1 million |
| Riverview Charter School | 2020-05-22 | $350,000-1 million |
| Egan Brothers, Inc. | 2020-05-22 | $150,000-350,000 |
| International Diving Institute, LLC | 2020-05-22 | $150,000-350,000 |
| Lazer Construction Company, Inc. | 2020-05-22 | $150,000-350,000 |
| Silver Fox, Inc. | 2020-05-22 | $150,000-350,000 |
| Becker Complete Compactor | 2020-05-23 | $150,000-350,000 |
| DZ Smooth, LLC | 2020-05-23 | $150,000-350,000 |
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