There were 32 PPP loans issued in Ohio 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 |
|---|---|---|
| MB Woodworking, LLC | 2020-05-25 | $150,000-350,000 |
| Amerimark Direct, LLC | 2020-05-26 | $2-5 million |
| Concordia of Ohio | 2020-05-26 | $1-2 million |
| The Haynes School, Inc. | 2020-05-26 | $350,000-1 million |
| Allure & Wellness Management Services, LLC | 2020-05-26 | $150,000-350,000 |
| Expert Brazing & Heat Treating, Inc. | 2020-05-26 | $150,000-350,000 |
| Jeff Christian & Company, LLC | 2020-05-26 | $150,000-350,000 |
| Natures Warehouse of Ohio | 2020-05-26 | $150,000-350,000 |
| Sunny Horizons, Inc. | 2020-05-26 | $150,000-350,000 |
| Tri-State Plan Administration, Inc. | 2020-05-26 | $150,000-350,000 |
| Kensington Place, Inc. | 2020-05-27 | $350,000-1 million |
| Lorig Mechanical, Inc. | 2020-05-27 | $350,000-1 million |
| Nadia and Remass, LLC | 2020-05-27 | $350,000-1 million |
| Ashland Assisted Living Operations, LLC | 2020-05-27 | $150,000-350,000 |
| Eagle Medical Services, LLC | 2020-05-27 | $150,000-350,000 |
| Sonya Express, Inc. | 2020-05-27 | $150,000-350,000 |
| Spectrum Outreach Services, Ltd. | 2020-05-27 | $150,000-350,000 |
| William C. Deak and Karen Kramer, D. D. S. , Inc. , D.D.S. | 2020-05-27 | $150,000-350,000 |
| Quaker Digital Academy | 2020-05-28 | $350,000-1 million |
| Africa's Rising Stars Scholarship Foundation | 2020-05-28 | $150,000-350,000 |
| Arrow Staffing, LLC | 2020-05-28 | $150,000-350,000 |
| Promed Healthcare, LLC | 2020-05-28 | $150,000-350,000 |
| Urban Housing Group, LLC | 2020-05-28 | $150,000-350,000 |
| Acro Tool & Die Company | 2020-05-29 | $350,000-1 million |
| Brobst Maintenance, Inc. | 2020-05-29 | $150,000-350,000 |
| Eastwood Residential Living, Inc. | 2020-05-29 | $150,000-350,000 |
| Midwest Specialty Products Company, Inc. | 2020-05-29 | $150,000-350,000 |
| NZR Retail of Toledo, Inc. | 2020-05-29 | $150,000-350,000 |
| Antoinette Tucker | 2020-05-30 | $150,000-350,000 |
| Builders and Titans Real Estate Assets | 2020-05-30 | $150,000-350,000 |
| Champion Healthcare Services, Inc. | 2020-05-30 | $150,000-350,000 |
| Corporate Offices International, Inc. | 2020-05-30 | $150,000-350,000 |
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