There were 27 PPP loans issued in Nevada during the week ending June 14. 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 |
|---|---|---|
| BRSB&G Red Rock, LLC | 2020-06-08 | $350,000-1 million |
| Gibson Tile, Inc. | 2020-06-08 | $350,000-1 million |
| Tamarack Crossing, LLC | 2020-06-09 | $1-2 million |
| LV Station Management, Inc. | 2020-06-09 | $150,000-350,000 |
| Real Property Health Facilities Corporation | 2020-06-09 | $150,000-350,000 |
| Red Rock Senior Living Leasing, LLC | 2020-06-09 | $150,000-350,000 |
| Pancho's Las Vegas, LLC | 2020-06-10 | $350,000-1 million |
| BW Mechanical, LLC | 2020-06-10 | $150,000-350,000 |
| Gormley Specialties, Inc. | 2020-06-10 | $150,000-350,000 |
| Leading2lean, LLC | 2020-06-10 | $150,000-350,000 |
| M & H Building Specialties, Inc. | 2020-06-11 | $2-5 million |
| HMRN, LLC | 2020-06-11 | $1-2 million |
| Allpro Services, LLC | 2020-06-11 | $350,000-1 million |
| Cleaver, LLC | 2020-06-11 | $350,000-1 million |
| Herbs and Rye Incorporated | 2020-06-11 | $350,000-1 million |
| Las Vegas Kilt, LLC | 2020-06-11 | $350,000-1 million |
| Brandon Iron | 2020-06-11 | $150,000-350,000 |
| Rikyu, LLC | 2020-06-11 | $150,000-350,000 |
| Ace National Hospitality Services, Inc. | 2020-06-12 | $350,000-1 million |
| Blast Marketing, Inc. | 2020-06-12 | $350,000-1 million |
| Tarralyns Beauty Palace, LLC | 2020-06-12 | $350,000-1 million |
| Brain Power Auto, Inc. | 2020-06-12 | $150,000-350,000 |
| Jabramovs@icloud.com | 2020-06-12 | $150,000-350,000 |
| Laszlo Kiraly | 2020-06-12 | $150,000-350,000 |
| The Office Suppliers, Inc. | 2020-06-12 | $150,000-350,000 |
| Centennial Pain Relief Network | 2020-06-13 | $350,000-1 million |
| Hai Yen, LLC | 2020-06-13 | $150,000-350,000 |
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