There were 22 PPP loans issued in South Carolina during the week ending June 7. 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 |
|---|---|---|
| Vennings Liquor and Spirits | 2020-06-01 | $350,000-1 million |
| Integra Doors, LLC | 2020-06-02 | $350,000-1 million |
| M6 Armor, LLC | 2020-06-02 | $350,000-1 million |
| Qems, Inc. | 2020-06-02 | $350,000-1 million |
| Isochem Colors, Inc. | 2020-06-02 | $150,000-350,000 |
| Nue Signature Fort Mill | 2020-06-02 | $150,000-350,000 |
| Sports Spine & Industrial, Inc. | 2020-06-02 | $150,000-350,000 |
| Brilliant Minds | 2020-06-03 | $350,000-1 million |
| Palmetto Grading and Drainage, Inc. | 2020-06-03 | $350,000-1 million |
| Spice Restaurant, LLC | 2020-06-03 | $150,000-350,000 |
| GSM Home Care, Inc. | 2020-06-04 | $150,000-350,000 |
| Guardian Fence Suppliers of School, Inc. | 2020-06-04 | $150,000-350,000 |
| Carolina Chrome & Plating, LLC | 2020-06-05 | $350,000-1 million |
| Environmental Fabrics, Inc. | 2020-06-05 | $350,000-1 million |
| Lumenant, LLC | 2020-06-05 | $350,000-1 million |
| Carlyle Senior Care of Aiken, LLC | 2020-06-05 | $150,000-350,000 |
| Carlyle Senior Care of Fountain INN, LLC | 2020-06-05 | $150,000-350,000 |
| Carlyle Senior Care of Kingstree, LLC | 2020-06-05 | $150,000-350,000 |
| DJJ Holdings, LLC | 2020-06-05 | $150,000-350,000 |
| Welborn, Inc. | 2020-06-05 | $150,000-350,000 |
| Century Products, Inc. | 2020-06-06 | $150,000-350,000 |
| DC Capital | 2020-06-06 | $150,000-350,000 |
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