There were 33 PPP loans issued in Kentucky during the week ending May 17. 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 |
|---|---|---|
| Georgetown College | 2020-05-11 | $2-5 million |
| Coalfield Lumber Company, Inc. | 2020-05-11 | $350,000-1 million |
| Biebel Salons, Inc. | 2020-05-11 | $150,000-350,000 |
| Herrick Company, Inc. | 2020-05-11 | $150,000-350,000 |
| Nanocube Technologies, LLC | 2020-05-11 | $150,000-350,000 |
| North American Industrial Supply, Inc. | 2020-05-11 | $150,000-350,000 |
| Rockit Trucking, Inc. | 2020-05-11 | $150,000-350,000 |
| Sandy Abrams Landscaping Company, Inc. | 2020-05-11 | $150,000-350,000 |
| Secured Services, LLC | 2020-05-12 | $1-2 million |
| Birchwood Nursing and Rehabilitation, LLC | 2020-05-12 | $350,000-1 million |
| Cherokee Park Rehabilitation, LLC | 2020-05-12 | $350,000-1 million |
| Jeffersontown Opco, LLC | 2020-05-12 | $350,000-1 million |
| Westwood Nursing and Rehabilitation, LLC | 2020-05-12 | $350,000-1 million |
| Downey & Sons Pallet Company, Inc. | 2020-05-12 | $150,000-350,000 |
| Fulton Nursing and Rehabilitation, LLC | 2020-05-12 | $150,000-350,000 |
| Jonathan George Expediting, LLC | 2020-05-12 | $150,000-350,000 |
| Keeton Trucking, Inc. | 2020-05-12 | $150,000-350,000 |
| Kevin Snipes, Od & Associates, PSC | 2020-05-12 | $150,000-350,000 |
| Operating Engineers Local #181 Apprenticeship Training Program | 2020-05-12 | $150,000-350,000 |
| Rice Insurance Services Company, LLC | 2020-05-12 | $150,000-350,000 |
| Romans 2, Inc. | 2020-05-12 | $150,000-350,000 |
| Broadway Management Group, LLC | 2020-05-13 | $150,000-350,000 |
| Flamingo Row Bread & Company, Inc. | 2020-05-13 | $150,000-350,000 |
| Lane's Mobile John, Inc. | 2020-05-13 | $150,000-350,000 |
| M. A. S. K. Expedited, Inc. | 2020-05-13 | $150,000-350,000 |
| Casey County Hospital District | 2020-05-14 | $2-5 million |
| Neat Payroll | 2020-05-14 | $1-2 million |
| Breckinridge Company Central EMS | 2020-05-14 | $150,000-350,000 |
| CSL Mechanical, LLC | 2020-05-14 | $150,000-350,000 |
| Integrity/architecture, PLLC | 2020-05-14 | $150,000-350,000 |
| Town Talk Manufacturing Company, Inc. | 2020-05-14 | $150,000-350,000 |
| Jane Todd Crawford Memorial Hospital, Inc. | 2020-05-15 | $2-5 million |
| Owen Electric Cooperative, Inc. | 2020-05-16 | $1-2 million |
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