There were 33 PPP loans issued in Nevada during the week ending May 24. 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 |
|---|---|---|
| Canyon Construction Company | 2020-05-18 | $1-2 million |
| F and P Construction | 2020-05-18 | $1-2 million |
| Universal Framing, LLC | 2020-05-18 | $350,000-1 million |
| Evans Pulmonary Specialist | 2020-05-18 | $150,000-350,000 |
| T & R Enterprises, Inc. | 2020-05-18 | $150,000-350,000 |
| Freedom Classical Academy | 2020-05-19 | $350,000-1 million |
| Heavenly Tahoe Properties | 2020-05-19 | $350,000-1 million |
| Chinese Host, Inc. | 2020-05-19 | $150,000-350,000 |
| Classic Body & Paint, Inc. | 2020-05-19 | $150,000-350,000 |
| Classic Drywall & Paint, LLC | 2020-05-20 | $1-2 million |
| Vursol, LLC | 2020-05-20 | $1-2 million |
| Custom Security Guard and Patrol, LLC | 2020-05-20 | $350,000-1 million |
| Dragon Master Security, LLC | 2020-05-20 | $150,000-350,000 |
| Gene Smyth, Inc. | 2020-05-20 | $150,000-350,000 |
| Kathleen a. Leavitt | 2020-05-20 | $150,000-350,000 |
| Pediped Infant Footwear, LLC | 2020-05-20 | $150,000-350,000 |
| Rojana Enterprises | 2020-05-20 | $150,000-350,000 |
| Task Force Guardian Angel | 2020-05-20 | $150,000-350,000 |
| Panorama Mortgage Group, LLC | 2020-05-21 | $5-10 million |
| Artificial Intelligence Foundation | 2020-05-21 | $350,000-1 million |
| Barth Cordell, LLC | 2020-05-21 | $350,000-1 million |
| BND Plastering, Inc. | 2020-05-21 | $350,000-1 million |
| Diversified Consulting Services | 2020-05-21 | $350,000-1 million |
| Nationsmark Nexgen | 2020-05-21 | $350,000-1 million |
| Interim Healthcare of Nevada, Inc. | 2020-05-21 | $150,000-350,000 |
| Liberty Express Bail Bond Store, Inc. | 2020-05-21 | $150,000-350,000 |
| Nagaraghu Dhanyamraju | 2020-05-21 | $150,000-350,000 |
| Senior Services Personal Care, LLC | 2020-05-21 | $150,000-350,000 |
| Simon Event Group | 2020-05-21 | $150,000-350,000 |
| Steven V. Kozmary LLC, M.D. | 2020-05-21 | $150,000-350,000 |
| Utour, LLC | 2020-05-21 | $150,000-350,000 |
| El Jen Medical Hospital, Inc. | 2020-05-22 | $1-2 million |
| LML Enterprises, Inc. | 2020-05-24 | $150,000-350,000 |
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