There were 44 PPP loans issued in Kentucky 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 |
|---|---|---|
| BMT of Kentucky, Inc. | 2020-05-04 | $1-2 million |
| Zeochem, LLC | 2020-05-04 | $1-2 million |
| Northern Kentucky Convention Center Corporation | 2020-05-04 | $350,000-1 million |
| Owsley County Health Care Center, Inc. | 2020-05-04 | $350,000-1 million |
| Pikeville Foot Care Center, PLLC | 2020-05-04 | $350,000-1 million |
| Tekno, Inc. | 2020-05-04 | $350,000-1 million |
| Colonial Assisted Living, Inc. | 2020-05-04 | $150,000-350,000 |
| Itsuwa KY, LLC | 2020-05-04 | $150,000-350,000 |
| Market Finders Insurance Corporation | 2020-05-04 | $150,000-350,000 |
| Todd's Furniture, Inc. | 2020-05-04 | $150,000-350,000 |
| Creosalus, Inc. | 2020-05-05 | $1-2 million |
| Marshall County Hospital District Corporation | 2020-05-05 | $1-2 million |
| Sentry Steel, Inc. | 2020-05-05 | $1-2 million |
| PARCO | 2020-05-05 | $350,000-1 million |
| Cullinan Associates, Inc. | 2020-05-05 | $150,000-350,000 |
| Kiswel, Inc. | 2020-05-05 | $150,000-350,000 |
| Magic Vapor Shop, LLC | 2020-05-05 | $150,000-350,000 |
| Nine 4 Life, Inc. | 2020-05-05 | $150,000-350,000 |
| Parker Acoustical, Inc. | 2020-05-05 | $150,000-350,000 |
| Purpose Driven Enterprise, LLC | 2020-05-05 | $150,000-350,000 |
| Robert H. Clarkson Insurance Agency, LLC | 2020-05-05 | $150,000-350,000 |
| Support Systems, LLC | 2020-05-05 | $150,000-350,000 |
| Wall Street Greetings, LLC | 2020-05-05 | $150,000-350,000 |
| KY Freightliner Trucks | 2020-05-06 | $350,000-1 million |
| Kentucky Engineering Group, PLLC | 2020-05-06 | $150,000-350,000 |
| Kinergy Corporation | 2020-05-06 | $150,000-350,000 |
| Loretto Literary and Benevolent Institution | 2020-05-06 | $150,000-350,000 |
| Peters Logistic Solutions, LLC | 2020-05-06 | $150,000-350,000 |
| R. L. Allen Incorporated | 2020-05-06 | $150,000-350,000 |
| Lykins Reinforcing, Inc. | 2020-05-07 | $350,000-1 million |
| Sanden, Inc. | 2020-05-07 | $350,000-1 million |
| Bright Pest Control, Inc. | 2020-05-07 | $150,000-350,000 |
| Fuse Corporation | 2020-05-07 | $150,000-350,000 |
| Grayson, LLC | 2020-05-07 | $150,000-350,000 |
| Holland, Inc. | 2020-05-07 | $150,000-350,000 |
| Philip Healthcare, LLC | 2020-05-07 | $150,000-350,000 |
| Whitaker Marine Group, LLC | 2020-05-08 | $350,000-1 million |
| Bubba Fest, LLC | 2020-05-08 | $150,000-350,000 |
| Elite Artists Agency, LLC | 2020-05-08 | $150,000-350,000 |
| Emergency Medicine Physician Associates, PC | 2020-05-08 | $150,000-350,000 |
| RPS Tek Sol, LLC | 2020-05-08 | $150,000-350,000 |
| Y & M Restaurant, Inc. | 2020-05-08 | $150,000-350,000 |
| High Ridge Mining | 2020-05-09 | $150,000-350,000 |
| Premiere Roofing, LLC | 2020-05-10 | $150,000-350,000 |
Alerts Sign-up