There were 24 PPP loans issued in South Carolina 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 |
|---|---|---|
| OFF Menu, Inc., Ltd. | 2020-06-08 | $150,000-350,000 |
| Red Crab, LLC | 2020-06-08 | $150,000-350,000 |
| South Carolina Hiv Council | 2020-06-08 | $150,000-350,000 |
| Mission Solutions Group, Inc. | 2020-06-09 | $350,000-1 million |
| Victory Technician Group, LLC | 2020-06-09 | $350,000-1 million |
| National Baromedical Services, Inc. | 2020-06-10 | $150,000-350,000 |
| Recovery Concepts of the Carolina Upstate, LLC | 2020-06-10 | $150,000-350,000 |
| Smith and Waters, Inc. | 2020-06-11 | $350,000-1 million |
| Char-Walt, Inc. | 2020-06-11 | $150,000-350,000 |
| H S of the Carolinas, LLC | 2020-06-11 | $150,000-350,000 |
| H&S of Summerville, LLC | 2020-06-11 | $150,000-350,000 |
| SLP Enterprises School | 2020-06-11 | $150,000-350,000 |
| FMH, L. P. | 2020-06-12 | $1-2 million |
| Bridges Preparatory School | 2020-06-12 | $350,000-1 million |
| GLC, L. P. | 2020-06-12 | $350,000-1 million |
| Joined Together Ministries, Inc. | 2020-06-12 | $350,000-1 million |
| Marshall Communications Corporation | 2020-06-12 | $150,000-350,000 |
| Ray of Hope Feeding Program | 2020-06-12 | $150,000-350,000 |
| Unlimited Dimensions, LLC | 2020-06-12 | $150,000-350,000 |
| Kapralov Group, LLC | 2020-06-13 | $350,000-1 million |
| A Different Kind of Beautiful | 2020-06-13 | $150,000-350,000 |
| Invocare Group Holdings | 2020-06-13 | $150,000-350,000 |
| Lyons Transport, LLC | 2020-06-13 | $150,000-350,000 |
| The Empire Company | 2020-06-13 | $150,000-350,000 |
Alerts Sign-up