There were 64 PPP loans issued in Massachusetts during the week ending May 24. 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 |
|---|---|---|
| Concord Academy | 2020-05-18 | $2-5 million |
| Ajinomoto Cambrooke, Inc. | 2020-05-18 | $350,000-1 million |
| Bon ME Foods, LLC | 2020-05-18 | $350,000-1 million |
| Rosa Mexicano Boston, LLC | 2020-05-18 | $350,000-1 million |
| Hastings Floor Covering, Inc. | 2020-05-18 | $150,000-350,000 |
| IL Camino Restaurant, Inc. | 2020-05-18 | $150,000-350,000 |
| Marty's Auto Service, Inc. | 2020-05-18 | $150,000-350,000 |
| Ncryptedcloud, LLC | 2020-05-18 | $150,000-350,000 |
| Sheppard Envelope Company | 2020-05-18 | $150,000-350,000 |
| Trang Pharmacy, Inc. | 2020-05-18 | $150,000-350,000 |
| Greater Lynn Senior Services, Inc. | 2020-05-19 | $5-10 million |
| Mass Bay Electrical Corporation | 2020-05-19 | $2-5 million |
| Lighthouse Placement Services, LLC | 2020-05-19 | $1-2 million |
| Aztherapies, Inc. | 2020-05-19 | $350,000-1 million |
| Censinet, Inc. | 2020-05-19 | $350,000-1 million |
| Mass-RI Veterinary E. R. , Inc. | 2020-05-19 | $350,000-1 million |
| Primary Colors, Inc. | 2020-05-19 | $350,000-1 million |
| Capron Park Dental, PLLC | 2020-05-19 | $150,000-350,000 |
| Daveyo, Inc. | 2020-05-19 | $150,000-350,000 |
| Geo Trans International | 2020-05-19 | $150,000-350,000 |
| Joe Wilkinson Excavating, Inc. | 2020-05-19 | $150,000-350,000 |
| John Lambert | 2020-05-19 | $150,000-350,000 |
| Kate's Table, Inc. | 2020-05-19 | $150,000-350,000 |
| Long Bay Services/vanguard General Services Corporation, Inc. | 2020-05-19 | $150,000-350,000 |
| New England Dairy and Food Council | 2020-05-19 | $150,000-350,000 |
| Oncorps, Inc. | 2020-05-19 | $150,000-350,000 |
| Ranger Engineering, Inc. | 2020-05-19 | $150,000-350,000 |
| Southeastern Massachusetts Home Health a | 2020-05-19 | $150,000-350,000 |
| Stephen & Company Salon & Spa, Inc. | 2020-05-19 | $150,000-350,000 |
| Cooperative Elder Services, Inc. | 2020-05-20 | $350,000-1 million |
| Freight Farms, Inc. | 2020-05-20 | $350,000-1 million |
| HK Food Group, LLC | 2020-05-20 | $350,000-1 million |
| Insycom, Inc. | 2020-05-20 | $350,000-1 million |
| John M Kennedy and Company, Inc. | 2020-05-20 | $350,000-1 million |
| Newburyport Ale | 2020-05-20 | $350,000-1 million |
| 99 Asian Supermarket, Inc. | 2020-05-20 | $150,000-350,000 |
| Beverly Beer, Inc. | 2020-05-20 | $150,000-350,000 |
| Human Relations Service, Inc. | 2020-05-20 | $150,000-350,000 |
| R. O. U. Construction, Inc. | 2020-05-20 | $150,000-350,000 |
| Spruce Street Nursery School | 2020-05-20 | $150,000-350,000 |
| Zdorovie ADH Needham, LLC | 2020-05-20 | $150,000-350,000 |
| Fuze, Inc. | 2020-05-21 | $5-10 million |
| Flight Club Seaport, LLC | 2020-05-21 | $350,000-1 million |
| Citizen Security Corporation | 2020-05-21 | $150,000-350,000 |
| Elpis Biopharmaceuticals Corporation | 2020-05-21 | $150,000-350,000 |
| Global DMC Partners, LLC | 2020-05-21 | $150,000-350,000 |
| J Lopez Enterprises, Inc. | 2020-05-21 | $150,000-350,000 |
| Medwell Health, LLC | 2020-05-21 | $150,000-350,000 |
| Medwell Physician Practice, LLC | 2020-05-21 | $150,000-350,000 |
| MJNR, Inc. | 2020-05-21 | $150,000-350,000 |
| Noon Hill Partners, LLC. | 2020-05-21 | $150,000-350,000 |
| Ubuntu Autism Consultants | 2020-05-21 | $150,000-350,000 |
| W. P. Haney Company, Inc. | 2020-05-21 | $150,000-350,000 |
| P. E. A. C. E. Plus Maintenance Corporation | 2020-05-22 | $1-2 million |
| Keeling & Associates, LLC | 2020-05-22 | $350,000-1 million |
| 550 Suites, LLC | 2020-05-22 | $150,000-350,000 |
| Costa & Riccio, LLP | 2020-05-22 | $150,000-350,000 |
| Countryside Animal Hospital | 2020-05-22 | $150,000-350,000 |
| Infusion Support Systems, Inc. | 2020-05-22 | $150,000-350,000 |
| Performance Physical Therapy, Inc. | 2020-05-22 | $150,000-350,000 |
| The Doolittle Home, Inc. | 2020-05-22 | $150,000-350,000 |
| Wuloon Ming, Inc. | 2020-05-22 | $150,000-350,000 |
| J2 Interactive, LLC | 2020-05-23 | $2-5 million |
| PG Trionic, Inc. | 2020-05-23 | $150,000-350,000 |
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