There were 34 PPP loans issued in Arizona 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 |
|---|---|---|
| Dynamic Homez, LLC | 2020-06-08 | $150,000-350,000 |
| Maychris Corporation | 2020-06-08 | $150,000-350,000 |
| Receptionhq, LLC | 2020-06-08 | $150,000-350,000 |
| Scottsdale Memory Partners, LLC | 2020-06-08 | $150,000-350,000 |
| Oro Valley Agent Services, LLC | 2020-06-09 | $1-2 million |
| Kaliroy Fresh, LLC | 2020-06-09 | $350,000-1 million |
| Aurora Homes, LLC | 2020-06-09 | $150,000-350,000 |
| Calder Properties, LLC | 2020-06-09 | $150,000-350,000 |
| Metro Construction Maintenance, Inc. | 2020-06-09 | $150,000-350,000 |
| Technologyville, Inc. | 2020-06-09 | $150,000-350,000 |
| Health Care Alternatives, Inc. | 2020-06-10 | $350,000-1 million |
| Incstores, LLC | 2020-06-10 | $350,000-1 million |
| Epi-Hab Phoenix, Inc. | 2020-06-10 | $150,000-350,000 |
| Four Corners Tax and Accounting, LLC | 2020-06-10 | $150,000-350,000 |
| Islamic Community Center of Tempe | 2020-06-10 | $150,000-350,000 |
| K K Industries | 2020-06-10 | $150,000-350,000 |
| L K Nails and Spa, Inc. | 2020-06-10 | $150,000-350,000 |
| Legend Cleaners, Inc. | 2020-06-10 | $150,000-350,000 |
| San Xavier Cooperative Association | 2020-06-10 | $150,000-350,000 |
| The Porch Tempe, LLC | 2020-06-10 | $150,000-350,000 |
| Allergy Asthma Associates, PC | 2020-06-11 | $350,000-1 million |
| Am-Pm Senior Care, Inc. | 2020-06-11 | $150,000-350,000 |
| Anod Care Services, Inc. | 2020-06-11 | $150,000-350,000 |
| Home Health Scottsdale, LLC | 2020-06-11 | $150,000-350,000 |
| James Polzin | 2020-06-11 | $150,000-350,000 |
| Doctors' Resource Specialists, LLC | 2020-06-12 | $350,000-1 million |
| Asiana Market Glendale, Inc. | 2020-06-12 | $150,000-350,000 |
| Bake Technician Pros Arizona, LLC | 2020-06-12 | $150,000-350,000 |
| Massey's Truck & Tank Repair, Inc. | 2020-06-12 | $150,000-350,000 |
| Netcor Transport, LLC | 2020-06-12 | $150,000-350,000 |
| St. Louis the King Roman Catholic Parish | 2020-06-12 | $150,000-350,000 |
| Wheeler Air Conditioning, Inc. | 2020-06-12 | $150,000-350,000 |
| Xtreme Plumbing, LLC | 2020-06-12 | $150,000-350,000 |
| Zpower, LLC | 2020-06-12 | $150,000-350,000 |
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