There were 20 PPP loans issued in South Carolina 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 |
|---|---|---|
| Commander Nursing Center, Inc. | 2020-06-15 | $1-2 million |
| Carlyle Senior Care of Bishopville, LLC | 2020-06-15 | $350,000-1 million |
| Carlyle Senior Care of Florence, LLC | 2020-06-15 | $350,000-1 million |
| Eagle Interiors, Inc. | 2020-06-15 | $350,000-1 million |
| Ashley Landing Assisted Living, LLC | 2020-06-15 | $150,000-350,000 |
| Carlyle Senior Care of Fork, LLC | 2020-06-15 | $150,000-350,000 |
| Port City Transport & Logistics, LLC | 2020-06-15 | $150,000-350,000 |
| FSC Enterprises, LLC | 2020-06-16 | $150,000-350,000 |
| Vision Property Management | 2020-06-17 | $350,000-1 million |
| New Generations Adult Day Care Center of Florence, Inc. | 2020-06-17 | $150,000-350,000 |
| Outlaw Insulation, LLC | 2020-06-17 | $150,000-350,000 |
| Ashley Avery Designs, LLC | 2020-06-18 | $150,000-350,000 |
| Divine Vision Consulting, LLC | 2020-06-18 | $150,000-350,000 |
| Dennis Corporation | 2020-06-19 | $350,000-1 million |
| Maddox Industrial Transformer, LLC | 2020-06-19 | $350,000-1 million |
| Sexual Trauma Services of the Midlands | 2020-06-19 | $350,000-1 million |
| South Carolina Plastics, LLC | 2020-06-19 | $350,000-1 million |
| Surveillance and Cyber Security Solutions, LLC | 2020-06-19 | $350,000-1 million |
| Anaid Khachatryan | 2020-06-19 | $150,000-350,000 |
| Bargains, Inc. | 2020-06-19 | $150,000-350,000 |
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