There were 23 PPP loans issued in Missouri 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 |
|---|---|---|
| Jay F. Hauser, P. C. , D.D.S. | 2020-06-15 | $1-2 million |
| Suite Media Productions & Management, LLC | 2020-06-15 | $1-2 million |
| Gel Nails & Spa, LLC | 2020-06-15 | $350,000-1 million |
| Midwest Pasta, Inc. | 2020-06-15 | $150,000-350,000 |
| The Gramophone, L.L.C. | 2020-06-15 | $150,000-350,000 |
| Manor Grove Incorporated | 2020-06-16 | $1-2 million |
| Hidden Lake SNF Opco, LLC | 2020-06-16 | $350,000-1 million |
| Convention Distribution Services, Inc. | 2020-06-16 | $150,000-350,000 |
| Corning Home Health Care, LLC | 2020-06-16 | $150,000-350,000 |
| Cord Newman Global | 2020-06-17 | $150,000-350,000 |
| English Sweep, Inc. | 2020-06-17 | $150,000-350,000 |
| Missouri's Rio Grande, Inc. | 2020-06-17 | $150,000-350,000 |
| The Bodega Mexicana Wholesale | 2020-06-17 | $150,000-350,000 |
| The Clearance Depot, LLC | 2020-06-17 | $150,000-350,000 |
| The Westside Local, LLC | 2020-06-17 | $150,000-350,000 |
| Big Tab & Shaw Freight Masters, LLC | 2020-06-18 | $150,000-350,000 |
| Climate Masters, Inc. | 2020-06-18 | $150,000-350,000 |
| St. Clement Health Care Center | 2020-06-18 | $150,000-350,000 |
| Diamondback Services, Inc. | 2020-06-19 | $350,000-1 million |
| Eddys MLS, LLC | 2020-06-19 | $150,000-350,000 |
| JJ Kokesh and Son Plumbing, Inc. | 2020-06-19 | $150,000-350,000 |
| Mcgurk's Public House, Inc. | 2020-06-20 | $150,000-350,000 |
| Restore Community Church | 2020-06-20 | $150,000-350,000 |
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