There were 33 PPP loans issued in Louisiana 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 |
|---|---|---|
| KTB Adventures, LLC | 2020-06-15 | $350,000-1 million |
| TDPK, LLC | 2020-06-15 | $350,000-1 million |
| CLH Builders, LLC | 2020-06-15 | $150,000-350,000 |
| Ibert's Mortuary, Inc. | 2020-06-15 | $150,000-350,000 |
| The Institute for Indian Development, Inc. | 2020-06-15 | $150,000-350,000 |
| Tolliver Petroleum Corporation of Louisiana | 2020-06-16 | $350,000-1 million |
| Cognitive Institute, Inc. | 2020-06-16 | $150,000-350,000 |
| Doctor's Exchange, Inc. | 2020-06-16 | $150,000-350,000 |
| Millennium Industrial Services, LLC | 2020-06-16 | $150,000-350,000 |
| Rushing Transport, LLC | 2020-06-16 | $150,000-350,000 |
| Dunbars Dependable Auto, Inc. | 2020-06-17 | $350,000-1 million |
| Grambling High Foundation | 2020-06-17 | $350,000-1 million |
| Interstate Construction Group, Inc. | 2020-06-17 | $350,000-1 million |
| Accent's Attendant Care, Inc. | 2020-06-17 | $150,000-350,000 |
| Exotica Beauty Bar | 2020-06-17 | $150,000-350,000 |
| Insight Guidance Group, Inc. | 2020-06-17 | $150,000-350,000 |
| Sterling Ultimate Care, LLC | 2020-06-17 | $150,000-350,000 |
| Gnots-Reserve, Inc. | 2020-06-18 | $1-2 million |
| Ground Level Services, LLC | 2020-06-18 | $350,000-1 million |
| Blue SKY 1, LLC | 2020-06-18 | $150,000-350,000 |
| Martin Industries, LLC | 2020-06-18 | $150,000-350,000 |
| Olol Pontchartrain Surgery Center, LLC | 2020-06-18 | $150,000-350,000 |
| Assure Holding Corporation | 2020-06-19 | $150,000-350,000 |
| Christopher Johnson | 2020-06-19 | $150,000-350,000 |
| Coach O Tiger Football Camps | 2020-06-19 | $150,000-350,000 |
| French Quarter Hotel Collection, LLC | 2020-06-19 | $150,000-350,000 |
| Good Energy Taxes, LLC | 2020-06-19 | $150,000-350,000 |
| J Hospitality & Development, LLC | 2020-06-19 | $150,000-350,000 |
| Osaka Japanese Cuisine, LLC | 2020-06-19 | $150,000-350,000 |
| Romichi Jones | 2020-06-19 | $150,000-350,000 |
| Shawanda Williams | 2020-06-19 | $150,000-350,000 |
| Supply America, Inc. | 2020-06-19 | $150,000-350,000 |
| Clara Evans | 2020-06-21 | $150,000-350,000 |
Alerts Sign-up