There were 74 PPP loans issued in Utah during the week ending May 10. 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 |
|---|---|---|
| Wcec Engineers, Inc. | 2020-05-04 | $1-2 million |
| Bchannels, Inc. | 2020-05-04 | $150,000-350,000 |
| Classic Drywall Systems, Inc. | 2020-05-04 | $150,000-350,000 |
| Diversified Processing Solutions | 2020-05-04 | $150,000-350,000 |
| Fincon, Inc. | 2020-05-04 | $150,000-350,000 |
| Fire Wifi, LLC | 2020-05-04 | $150,000-350,000 |
| Joe Bandidos Mexican Fiestaurant, Inc. | 2020-05-04 | $150,000-350,000 |
| Peachtree Place VII, LLC | 2020-05-04 | $150,000-350,000 |
| Peg Charlotte Property, LLC | 2020-05-04 | $150,000-350,000 |
| RBM of South Florida, LLC | 2020-05-04 | $150,000-350,000 |
| The Bugnappers LC | 2020-05-04 | $150,000-350,000 |
| Toscana | 2020-05-04 | $150,000-350,000 |
| Truss Plant, Inc. | 2020-05-04 | $150,000-350,000 |
| Typhoon Data LC | 2020-05-04 | $150,000-350,000 |
| Utah Lawn | 2020-05-04 | $150,000-350,000 |
| Western Transport Fleet, Inc. | 2020-05-04 | $150,000-350,000 |
| Envirotech Molded Products, Inc. | 2020-05-05 | $1-2 million |
| Utah Food Services | 2020-05-05 | $1-2 million |
| Abdulnasir Aden | 2020-05-05 | $150,000-350,000 |
| Alumasteel Manufacturing, Inc. | 2020-05-05 | $150,000-350,000 |
| Commander Concrete of Utah, LLC | 2020-05-05 | $150,000-350,000 |
| D&a Corporation | 2020-05-05 | $150,000-350,000 |
| Elearning, LLC | 2020-05-05 | $150,000-350,000 |
| Falcon Sheet Metal, Inc. | 2020-05-05 | $150,000-350,000 |
| Fundwise Capital, LLC | 2020-05-05 | $150,000-350,000 |
| Iam Digital Marketing Group | 2020-05-05 | $150,000-350,000 |
| J L Paul Enterprises, Inc. | 2020-05-05 | $150,000-350,000 |
| Mothers Lounge, LLC | 2020-05-05 | $150,000-350,000 |
| RWH Industries, Inc. | 2020-05-05 | $150,000-350,000 |
| Schneider Summit Services, LLC | 2020-05-05 | $150,000-350,000 |
| Standard Industries, Inc. | 2020-05-05 | $150,000-350,000 |
| Utah Capital Mortgage, LLC | 2020-05-05 | $150,000-350,000 |
| Western Chain Link Fence Company, Inc. | 2020-05-05 | $150,000-350,000 |
| Secure Administrative Solutions, LLC | 2020-05-06 | $1-2 million |
| Borsight, Inc. | 2020-05-06 | $350,000-1 million |
| Galaxy Resources, LLC | 2020-05-06 | $350,000-1 million |
| Positive Circularity, Inc. | 2020-05-06 | $350,000-1 million |
| American Mechanical Systems Service, LLC | 2020-05-06 | $150,000-350,000 |
| Castle Valley Stone, LLC | 2020-05-06 | $150,000-350,000 |
| Clozd, LLC. | 2020-05-06 | $150,000-350,000 |
| Eagle Gate Title Insurance Agency, Inc. | 2020-05-06 | $150,000-350,000 |
| Freedom Process Piping, Inc. | 2020-05-06 | $150,000-350,000 |
| Holladay Opco, LLC | 2020-05-06 | $150,000-350,000 |
| Holmes Heating and Cooling, Inc. | 2020-05-06 | $150,000-350,000 |
| JRE, LLC | 2020-05-06 | $150,000-350,000 |
| Mapleton Opco, LLC | 2020-05-06 | $150,000-350,000 |
| Ogden Pizzeria, Inc. | 2020-05-06 | $150,000-350,000 |
| Rochester Company, Inc. | 2020-05-06 | $150,000-350,000 |
| Rolls Corporation | 2020-05-06 | $150,000-350,000 |
| Select Pharmacy, LLC | 2020-05-06 | $150,000-350,000 |
| Whistle Construction, LLC | 2020-05-06 | $150,000-350,000 |
| Wirelessbeehive.com, LLC | 2020-05-06 | $150,000-350,000 |
| Yessio, LLC | 2020-05-06 | $150,000-350,000 |
| Plato Elearning, LLC | 2020-05-07 | $350,000-1 million |
| Preferred Fire Protection | 2020-05-07 | $350,000-1 million |
| Benchmark Technologies, Inc. | 2020-05-07 | $150,000-350,000 |
| Moab Tour Company | 2020-05-07 | $150,000-350,000 |
| Old Mill Brick, LLC | 2020-05-07 | $150,000-350,000 |
| Precision Air Management, LLC | 2020-05-07 | $150,000-350,000 |
| Retina and Vitreous Surgeons of Utah, LLC | 2020-05-07 | $150,000-350,000 |
| Samaritan Software, LLC | 2020-05-07 | $150,000-350,000 |
| Response Marketing Group, LLC | 2020-05-08 | $2-5 million |
| Harmony Home Health Service, LLC | 2020-05-08 | $1-2 million |
| Junction Market Fairview, L. C. | 2020-05-08 | $350,000-1 million |
| Malnove Incorporated of Utah | 2020-05-08 | $350,000-1 million |
| Motor Sports Land, Inc. | 2020-05-08 | $350,000-1 million |
| National Staffing Solutions, LLC | 2020-05-08 | $350,000-1 million |
| 80 Eighty, LLC | 2020-05-08 | $150,000-350,000 |
| B T Entertainment, Inc. | 2020-05-08 | $150,000-350,000 |
| B&G Crane and Oil Field Service, Inc. | 2020-05-08 | $150,000-350,000 |
| CFM Heating & Air Conditioning, Inc. | 2020-05-08 | $150,000-350,000 |
| Par 3, LLC | 2020-05-08 | $150,000-350,000 |
| Treo Community Management, Inc. | 2020-05-08 | $150,000-350,000 |
| Allred Orchards, Inc. | 2020-05-10 | $150,000-350,000 |
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