There were 30 PPP loans issued in Arizona during the week ending June 7. 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 |
|---|---|---|
| Acorn Montessori Charter School | 2020-06-01 | $350,000-1 million |
| Geospatial Analytics, Inc. | 2020-06-01 | $350,000-1 million |
| Nac Holding Company, LLC | 2020-06-01 | $350,000-1 million |
| Arizona Hospice Scottsdale, LLC | 2020-06-01 | $150,000-350,000 |
| CWHD Contracting, LLC | 2020-06-01 | $150,000-350,000 |
| Filiberto's Mexican Food | 2020-06-01 | $150,000-350,000 |
| Walco, Inc. | 2020-06-01 | $150,000-350,000 |
| Lawrence Semiconductor Research Laboratory, Inc. | 2020-06-02 | $350,000-1 million |
| Swarup, PC | 2020-06-02 | $350,000-1 million |
| Landscape Resources Company | 2020-06-02 | $150,000-350,000 |
| Tovar Farms, LLC | 2020-06-02 | $150,000-350,000 |
| Victor's Landscaping, Inc. | 2020-06-02 | $150,000-350,000 |
| Cad Enterprises, Inc. | 2020-06-03 | $1-2 million |
| Mountain School, Inc. | 2020-06-03 | $150,000-350,000 |
| Sundance Food Services, Inc. | 2020-06-03 | $150,000-350,000 |
| Zpower Global, Inc. | 2020-06-03 | $150,000-350,000 |
| B & L Stewart Enterprises, LLC | 2020-06-04 | $150,000-350,000 |
| Ktec Equipment and Supplies, Inc. | 2020-06-04 | $150,000-350,000 |
| Lifetime Plumbing Solutions, Inc. | 2020-06-04 | $150,000-350,000 |
| Mother Goose Adoptions | 2020-06-04 | $150,000-350,000 |
| Southwest Cardiovascular Associates Ahmed Alfafara and Prasad, Ltd. | 2020-06-04 | $150,000-350,000 |
| Atlantic Home Health Care, LLC | 2020-06-05 | $1-2 million |
| Collum Roofing, Inc. | 2020-06-05 | $350,000-1 million |
| Hospice at Home of Arizona, LLC | 2020-06-05 | $350,000-1 million |
| Sharp Creek Contracting, Inc. | 2020-06-05 | $350,000-1 million |
| Stucco Systems, LLC | 2020-06-05 | $350,000-1 million |
| Cibo, LLC | 2020-06-05 | $150,000-350,000 |
| Commerx US, Inc. | 2020-06-05 | $150,000-350,000 |
| Essential Therapy Solutions, LLC | 2020-06-05 | $150,000-350,000 |
| K. I. I. D. S. A Therapy Service | 2020-06-05 | $150,000-350,000 |
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