There were 23 PPP loans issued in Utah during the week ending June 21. 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 |
|---|---|---|
| Paul Mitchell Advanced Education, LLC | 2020-06-15 | $350,000-1 million |
| Bach Harrison, LLC | 2020-06-15 | $150,000-350,000 |
| Maxway, Inc. | 2020-06-16 | $1-2 million |
| Black OPS Concrete Construction, LLC | 2020-06-16 | $350,000-1 million |
| Techego | 2020-06-16 | $150,000-350,000 |
| The Pie Pizzeria Delivery, LLC | 2020-06-16 | $150,000-350,000 |
| The Pie Pizzeria Midvale, LLC | 2020-06-16 | $150,000-350,000 |
| Integrated Insurance Solutions, Inc. | 2020-06-17 | $350,000-1 million |
| European Painting, Inc. | 2020-06-17 | $150,000-350,000 |
| Heber Opco, LLC | 2020-06-17 | $150,000-350,000 |
| Danville Services Corporation | 2020-06-18 | $5-10 million |
| Comstock Drywall | 2020-06-18 | $150,000-350,000 |
| Direct Day Delivery, Inc. | 2020-06-18 | $150,000-350,000 |
| Paradise Nails, Inc. | 2020-06-18 | $150,000-350,000 |
| Redhand Oilfield Services, Inc. | 2020-06-18 | $150,000-350,000 |
| Your Neighborhood Deliveries, Inc. | 2020-06-18 | $150,000-350,000 |
| Nav Technologies, Inc. | 2020-06-19 | $2-5 million |
| A&a Staffing Solutions, Inc. | 2020-06-19 | $350,000-1 million |
| Automile, Inc. | 2020-06-19 | $350,000-1 million |
| Symphony Homes, LLC | 2020-06-19 | $350,000-1 million |
| Retire 5-7 | 2020-06-19 | $150,000-350,000 |
| The Health Spot, Inc. | 2020-06-19 | $150,000-350,000 |
| SJT Holdings LP | 2020-06-20 | $150,000-350,000 |
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