There were 56 PPP loans issued in Virginia during the week ending May 31. 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 |
|---|---|---|
| Manley Enterprises, Inc. | 2020-05-25 | $150,000-350,000 |
| Accordius Health at Harrisonburg, LLC | 2020-05-26 | $350,000-1 million |
| Emporia VA Opco, LLC | 2020-05-26 | $350,000-1 million |
| Paredes Institute for Womens Imaging | 2020-05-26 | $350,000-1 million |
| Punch Cyber Corporation | 2020-05-26 | $350,000-1 million |
| C. Benson Clark PC, D.D.S. | 2020-05-26 | $150,000-350,000 |
| Clarke & Sampson, Inc. | 2020-05-26 | $150,000-350,000 |
| Coptic Orphans Support Association | 2020-05-26 | $150,000-350,000 |
| Dust Cleaners, LLC | 2020-05-26 | $150,000-350,000 |
| Frith Construction Company, Inc. | 2020-05-26 | $150,000-350,000 |
| FS Dulles, LLC | 2020-05-26 | $150,000-350,000 |
| FS Gainesville, LLC | 2020-05-26 | $150,000-350,000 |
| L & Wood Transfer, Inc. | 2020-05-26 | $150,000-350,000 |
| Math Mechanical, Inc. | 2020-05-26 | $150,000-350,000 |
| Roman Chariots, LLC | 2020-05-26 | $150,000-350,000 |
| Ultatel, LLC | 2020-05-26 | $150,000-350,000 |
| Thrive Counseling, LLC | 2020-05-27 | $2-5 million |
| Angel Wings Home Care | 2020-05-27 | $150,000-350,000 |
| Berkeley Financial Corporation | 2020-05-27 | $150,000-350,000 |
| Chapter 13 Trusteeship of Christopher Micale | 2020-05-27 | $150,000-350,000 |
| Cloud BC Labs, Inc. | 2020-05-27 | $150,000-350,000 |
| Falcon Logic, LLC | 2020-05-27 | $150,000-350,000 |
| KDA Consulting, Inc. | 2020-05-27 | $150,000-350,000 |
| Schiavenin Group, Inc. | 2020-05-27 | $150,000-350,000 |
| Southern Spostylvania Plumbing | 2020-05-27 | $150,000-350,000 |
| Specialized Construction Services, Inc. | 2020-05-27 | $150,000-350,000 |
| TWC Association Management | 2020-05-27 | $150,000-350,000 |
| MPS Healthcare, Inc. | 2020-05-28 | $2-5 million |
| Economic Systems, Inc. | 2020-05-28 | $1-2 million |
| MSM Vantage Construction | 2020-05-28 | $350,000-1 million |
| Potomac Architectural Millwork Corporation | 2020-05-28 | $350,000-1 million |
| TNT Transportation LC | 2020-05-28 | $350,000-1 million |
| Grace Community Church of Arlington | 2020-05-28 | $150,000-350,000 |
| Heritage Electrical Corporation | 2020-05-28 | $150,000-350,000 |
| Life Lessons Family Serivces | 2020-05-28 | $150,000-350,000 |
| Lowerys Seafood Restaurant | 2020-05-28 | $150,000-350,000 |
| Special Renovations, Inc. | 2020-05-28 | $150,000-350,000 |
| Bridgewater College | 2020-05-29 | $2-5 million |
| Dunn Loring VA Opco, LLC | 2020-05-29 | $1-2 million |
| Global Research Analytics, LLC | 2020-05-29 | $1-2 million |
| Swanson Services, LLC | 2020-05-29 | $1-2 million |
| Accordius Health at Nans Pointe, LLC | 2020-05-29 | $350,000-1 million |
| Public Health Accreditation Board | 2020-05-29 | $350,000-1 million |
| American Screen & Glass | 2020-05-29 | $150,000-350,000 |
| Blocksmith Group, Inc. | 2020-05-29 | $150,000-350,000 |
| Edenali, Inc. | 2020-05-29 | $150,000-350,000 |
| K&M Roofing, LLC | 2020-05-29 | $150,000-350,000 |
| Las Palmas, LLC | 2020-05-29 | $150,000-350,000 |
| Lindsey Brothers, Inc. | 2020-05-29 | $150,000-350,000 |
| Marks, Inc. | 2020-05-29 | $150,000-350,000 |
| Nestor Tezna | 2020-05-29 | $150,000-350,000 |
| Northern Virginia Psychiatric Group, PC | 2020-05-29 | $150,000-350,000 |
| Slaiby7 Investments, LLC | 2020-05-29 | $150,000-350,000 |
| Swimmetro Management, Inc. | 2020-05-29 | $150,000-350,000 |
| The Citadel Virginia Beach, LLC | 2020-05-30 | $350,000-1 million |
| Greenfield International Corporation | 2020-05-31 | $150,000-350,000 |
Alerts Sign-up