There were 34 PPP loans issued in Alabama 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 |
|---|---|---|
| Infrared Entertainment | 2020-05-11 | $350,000-1 million |
| Legacies Unlimited, Inc. | 2020-05-11 | $350,000-1 million |
| Bearden, Stroup & Associates, Cpas, LLC | 2020-05-11 | $150,000-350,000 |
| Dynamic Management Group, LLC | 2020-05-11 | $150,000-350,000 |
| FD Hodges, Inc. | 2020-05-11 | $150,000-350,000 |
| Global Pinnacle Care GA, Inc. | 2020-05-11 | $150,000-350,000 |
| Mayo Management | 2020-05-11 | $150,000-350,000 |
| Progressive Concrete, LLC | 2020-05-11 | $150,000-350,000 |
| Coosa Valley Healthcare Center, LLC | 2020-05-12 | $350,000-1 million |
| Dadeville Healthcare Center, LLC | 2020-05-12 | $350,000-1 million |
| Goodwater Healthcare Center, LLC | 2020-05-12 | $350,000-1 million |
| Lafayette Extended Care, LLC | 2020-05-12 | $350,000-1 million |
| Trirx Huntsville Pharmaceutical Services, LLC | 2020-05-12 | $350,000-1 million |
| Action Manufacturing, Inc. | 2020-05-12 | $150,000-350,000 |
| Facility Repair Servixces ACQ, LLC | 2020-05-12 | $150,000-350,000 |
| MB Erectors, Inc. | 2020-05-12 | $150,000-350,000 |
| Prosthodontics II Incorporated | 2020-05-12 | $150,000-350,000 |
| Chapman Health Care Center, Inc. | 2020-05-13 | $1-2 million |
| City Jet, Inc. | 2020-05-13 | $350,000-1 million |
| Porter Billing Services, LLC | 2020-05-13 | $350,000-1 million |
| Davis Logistics of Alabama, Inc. | 2020-05-13 | $150,000-350,000 |
| JC Tuscaloosa Investment, LLC | 2020-05-13 | $150,000-350,000 |
| T & S Concrete Placement, LLC | 2020-05-13 | $150,000-350,000 |
| VBT Motors, LLC | 2020-05-13 | $150,000-350,000 |
| Bay Energy Group, LLC | 2020-05-14 | $2-5 million |
| Genesis Industrial Staffing, Inc. | 2020-05-14 | $1-2 million |
| Cullman Company Center for Developmentally Disabled | 2020-05-14 | $350,000-1 million |
| Sims Bark Company of Georgia | 2020-05-14 | $350,000-1 million |
| Erisa Specialists, LLC | 2020-05-14 | $150,000-350,000 |
| Police Aviation Support Services | 2020-05-14 | $150,000-350,000 |
| Black Warrior Electric Membership Corporation | 2020-05-15 | $1-2 million |
| Franklin Electric Cooperative | 2020-05-15 | $350,000-1 million |
| Alabama Clinical Therapeutics, LLC | 2020-05-15 | $150,000-350,000 |
| Garcia Leasing Contractors, LLC | 2020-05-15 | $150,000-350,000 |
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