There were 22 PPP loans issued in Nevada during the week ending July 5. 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 |
|---|---|---|
| Construction Development Services, Inc. | 2020-06-29 | $350,000-1 million |
| Confidence Health Resources, LLC | 2020-06-29 | $150,000-350,000 |
| Faye Investment, LLC | 2020-06-29 | $150,000-350,000 |
| Michael Thelin Productions, Inc. | 2020-06-29 | $150,000-350,000 |
| Incorp Services, Inc. | 2020-06-30 | $350,000-1 million |
| JBP, LLC | 2020-06-30 | $350,000-1 million |
| The Barking Lot | 2020-06-30 | $350,000-1 million |
| Turtle Peak, LLC | 2020-06-30 | $350,000-1 million |
| Branded Entertainment, Inc. | 2020-06-30 | $150,000-350,000 |
| Bul Connections, LLC | 2020-06-30 | $150,000-350,000 |
| Capital Energy Holdings, Inc. | 2020-06-30 | $150,000-350,000 |
| CT Equipment, Inc. | 2020-06-30 | $150,000-350,000 |
| Fallon Tribal Development Corporation | 2020-06-30 | $150,000-350,000 |
| Holland Waterproofing, Inc. | 2020-06-30 | $150,000-350,000 |
| K-Plex US, Inc. | 2020-06-30 | $150,000-350,000 |
| Mcdaniel House, L.L.C | 2020-06-30 | $150,000-350,000 |
| New Beginnings Counseling Centers | 2020-06-30 | $150,000-350,000 |
| Omni GSS, Inc. | 2020-06-30 | $150,000-350,000 |
| Pet Health, LLP | 2020-06-30 | $150,000-350,000 |
| Radman Hospitality, LLC | 2020-06-30 | $150,000-350,000 |
| Starke Enterprise, LLC | 2020-06-30 | $150,000-350,000 |
| Steelman Aviation, Inc. | 2020-06-30 | $150,000-350,000 |
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