There were 62 PPP loans issued in New Jersey 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 |
---|---|---|
MG Construction Company | 2020-05-25 | $350,000-1 million |
American Consolidated Freightways Corporation | 2020-05-26 | $350,000-1 million |
Aspen Landscaping Contracting, Inc. | 2020-05-26 | $350,000-1 million |
Ennoble Care Hospice | 2020-05-26 | $350,000-1 million |
NY Community Financial, LLC | 2020-05-26 | $350,000-1 million |
Active Century Group, LLC | 2020-05-26 | $150,000-350,000 |
Activevoip, LLC | 2020-05-26 | $150,000-350,000 |
Alpha Mile, LLC | 2020-05-26 | $150,000-350,000 |
Canare Corporation of America | 2020-05-26 | $150,000-350,000 |
Edgewater Associates | 2020-05-26 | $150,000-350,000 |
Galicia Contracting & Restoration Corporation | 2020-05-26 | $150,000-350,000 |
Liquidadx Technician, LLC | 2020-05-26 | $150,000-350,000 |
RND Auto & Truck, LLC | 2020-05-26 | $150,000-350,000 |
Standard Warehouse & District Company | 2020-05-26 | $150,000-350,000 |
50 States Engineering, Corporation | 2020-05-27 | $350,000-1 million |
Euclid Elementz, Inc. | 2020-05-27 | $350,000-1 million |
Jefferson Lakes Camp, LLC | 2020-05-27 | $350,000-1 million |
LA Union Grocery Store, LLC | 2020-05-27 | $350,000-1 million |
Reliable Paper Recycling, Inc. | 2020-05-27 | $350,000-1 million |
All American Landscape and Maintenance Company, LLC | 2020-05-27 | $150,000-350,000 |
Andrex, Inc. | 2020-05-27 | $150,000-350,000 |
Auro Pro Systems, Inc. | 2020-05-27 | $150,000-350,000 |
Empirical Labs, Inc. | 2020-05-27 | $150,000-350,000 |
FC Electric, Inc. | 2020-05-27 | $150,000-350,000 |
Lighting Way Hospitality, LLC | 2020-05-27 | $150,000-350,000 |
Lindstrom, Diessner & Carr, P.C. | 2020-05-27 | $150,000-350,000 |
Mac Electrical Contractors | 2020-05-27 | $150,000-350,000 |
Polyhose Incorporated | 2020-05-27 | $150,000-350,000 |
Reliant Stud Welding, LLC | 2020-05-27 | $150,000-350,000 |
Richard Tobin Enterprises, Ltd. | 2020-05-27 | $150,000-350,000 |
Watchung Liquors, Inc. | 2020-05-27 | $150,000-350,000 |
Camp Odyssey, LLC | 2020-05-28 | $350,000-1 million |
Headway, LLC | 2020-05-28 | $350,000-1 million |
Lakeview Day Camp, LLC | 2020-05-28 | $350,000-1 million |
Leistritz Advanced Technologies Corporation | 2020-05-28 | $350,000-1 million |
Revent Incorporated | 2020-05-28 | $350,000-1 million |
Superior Software Technolgy Solution, Inc. | 2020-05-28 | $350,000-1 million |
Ait Express, LLC | 2020-05-28 | $150,000-350,000 |
Biofarma US, LLC | 2020-05-28 | $150,000-350,000 |
Blue Stone Motors, LLC | 2020-05-28 | $150,000-350,000 |
Daniel Street Development | 2020-05-28 | $150,000-350,000 |
Miller and Gaudio, PC | 2020-05-28 | $150,000-350,000 |
Scape-Abilities, Inc. | 2020-05-28 | $150,000-350,000 |
The Church of St. Katharine Drexel | 2020-05-28 | $150,000-350,000 |
Vanity Hair Salon Limited Liability Company | 2020-05-28 | $150,000-350,000 |
Dolce Salon, LLC | 2020-05-29 | $350,000-1 million |
Riverview Properties, Ltd. | 2020-05-29 | $350,000-1 million |
Young Men's Christian Association of Eastern Union County | 2020-05-29 | $350,000-1 million |
G. E. Chaplin, Inc. | 2020-05-29 | $150,000-350,000 |
HI Boost Trcking Corporation | 2020-05-29 | $150,000-350,000 |
Hickory Industries, Inc. | 2020-05-29 | $150,000-350,000 |
Matthew J Venuto LLC, D.M.D. | 2020-05-29 | $150,000-350,000 |
Ooh Aah, Inc. | 2020-05-29 | $150,000-350,000 |
Pro Haircutters | 2020-05-29 | $150,000-350,000 |
Protocol Higher Ground, LLC | 2020-05-29 | $150,000-350,000 |
Rook Coffee Roasters, LLC | 2020-05-29 | $150,000-350,000 |
Serra International, Inc. | 2020-05-29 | $150,000-350,000 |
Walsh Construction Companies | 2020-05-29 | $150,000-350,000 |
MK Salon, LLC | 2020-05-30 | $150,000-350,000 |
Stylecoquet Fashion, LLC | 2020-05-30 | $150,000-350,000 |
Westfield Wellness, LLC | 2020-05-30 | $150,000-350,000 |
SR Express Transport, LLC | 2020-05-31 | $150,000-350,000 |