There were 87 PPP loans issued in New Jersey during the week ending July 5. 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 Worldwide West, Inc. | 2020-06-29 | $2-5 million |
| Mcarthur Next, LLC | 2020-06-29 | $2-5 million |
| Darcars Lexus of Englewood, Inc. | 2020-06-29 | $1-2 million |
| J & J Staffing Resources, Inc. | 2020-06-29 | $1-2 million |
| Sea Harvest, Inc. | 2020-06-29 | $1-2 million |
| Thomas Edison Energy-Smart Charter School, Inc. | 2020-06-29 | $1-2 million |
| Tingue, Brown & Company | 2020-06-29 | $1-2 million |
| Digipulse Technologies, Inc. | 2020-06-29 | $350,000-1 million |
| Lehigh Services Corporation | 2020-06-29 | $350,000-1 million |
| Mincing Trading Copr | 2020-06-29 | $350,000-1 million |
| Netvibes, LLC | 2020-06-29 | $350,000-1 million |
| Realtime Information Technology, Inc. | 2020-06-29 | $350,000-1 million |
| Rich Bloodline Entertainment | 2020-06-29 | $350,000-1 million |
| Sabinsa Corporation | 2020-06-29 | $350,000-1 million |
| Absolute Pool Care, LLC | 2020-06-29 | $150,000-350,000 |
| Atlantic Coast Aluminum, Inc. | 2020-06-29 | $150,000-350,000 |
| Barrett Properties & Company LC | 2020-06-29 | $150,000-350,000 |
| BCG Marble & Granite South Jersey, Inc. | 2020-06-29 | $150,000-350,000 |
| Cinelli Scrap Metal | 2020-06-29 | $150,000-350,000 |
| Dataplus Pharma Services, Inc. | 2020-06-29 | $150,000-350,000 |
| Elise G, LLC | 2020-06-29 | $150,000-350,000 |
| Enterprise H. V. A. C Supply Company, LLC | 2020-06-29 | $150,000-350,000 |
| Euro Motor Parts, Inc. | 2020-06-29 | $150,000-350,000 |
| Hoboken Little School, LLC | 2020-06-29 | $150,000-350,000 |
| JMA North America, LLC | 2020-06-29 | $150,000-350,000 |
| JVK Operations of NJ, Ltd. | 2020-06-29 | $150,000-350,000 |
| Kar-Rak Corporation | 2020-06-29 | $150,000-350,000 |
| Landscape Materials, Inc. | 2020-06-29 | $150,000-350,000 |
| MVP Advisors, LLC | 2020-06-29 | $150,000-350,000 |
| Next Mile, LLC | 2020-06-29 | $150,000-350,000 |
| Nubia Productions, LLC | 2020-06-29 | $150,000-350,000 |
| NY Terminals II, LLC | 2020-06-29 | $150,000-350,000 |
| Prep Ship, Inc. | 2020-06-29 | $150,000-350,000 |
| S and J Janitorial and Flooring, LLC | 2020-06-29 | $150,000-350,000 |
| Stockel's Lawn & Landscaping, Inc. | 2020-06-29 | $150,000-350,000 |
| Western Explorer, LLC | 2020-06-29 | $150,000-350,000 |
| WG Portfolio, LLC | 2020-06-29 | $150,000-350,000 |
| Nation United, Inc. | 2020-06-30 | $5-10 million |
| Meal to Live | 2020-06-30 | $2-5 million |
| Meal to Live, Inc. | 2020-06-30 | $2-5 million |
| Advance Rapid Property Clean-Up, LLC | 2020-06-30 | $1-2 million |
| Air Traffic Engineering Company, LLC | 2020-06-30 | $1-2 million |
| All Cars US | 2020-06-30 | $1-2 million |
| America Home Care, LLC | 2020-06-30 | $350,000-1 million |
| Coronado Enterprises, LLC | 2020-06-30 | $350,000-1 million |
| Itcaps, LLC | 2020-06-30 | $350,000-1 million |
| Le Reve Salon & Barbershop, LLC | 2020-06-30 | $350,000-1 million |
| Louis J. Weber & Associates, Inc. | 2020-06-30 | $350,000-1 million |
| Pharmica Consulting | 2020-06-30 | $350,000-1 million |
| Reich USA Corporation | 2020-06-30 | $350,000-1 million |
| Robert Fralinger | 2020-06-30 | $350,000-1 million |
| Skip Gambert & Associates | 2020-06-30 | $350,000-1 million |
| TMT Clam Dredgers, LLC | 2020-06-30 | $350,000-1 million |
| Van Vugt Greenhouses, Inc. | 2020-06-30 | $350,000-1 million |
| Yannis Karavia, LLC | 2020-06-30 | $350,000-1 million |
| Amber Nicole, Inc. | 2020-06-30 | $150,000-350,000 |
| Andrea a. , LLC | 2020-06-30 | $150,000-350,000 |
| Benchmark Custom Builders, Inc. | 2020-06-30 | $150,000-350,000 |
| BP Wellmont Redevelopment 2015, LLC | 2020-06-30 | $150,000-350,000 |
| Breakwater Beach Club | 2020-06-30 | $150,000-350,000 |
| Cape Trawlers, Inc. | 2020-06-30 | $150,000-350,000 |
| Capt Braden, LLC. | 2020-06-30 | $150,000-350,000 |
| Caring Hospice Services of Central Jersey, LLC | 2020-06-30 | $150,000-350,000 |
| Collin & Warren, Inc. | 2020-06-30 | $150,000-350,000 |
| Core Salon & Spa Limited Liability Company | 2020-06-30 | $150,000-350,000 |
| Ellen W. , LLC | 2020-06-30 | $150,000-350,000 |
| Exothermic Molding, Inc. | 2020-06-30 | $150,000-350,000 |
| F/V Determination, Inc. | 2020-06-30 | $150,000-350,000 |
| F/V Leader, Inc. | 2020-06-30 | $150,000-350,000 |
| F/V Leader, Inc. | 2020-06-30 | $150,000-350,000 |
| Family 1st Transport, LLC | 2020-06-30 | $150,000-350,000 |
| FV Natalie Felicia, LLC | 2020-06-30 | $150,000-350,000 |
| Hebeka Enterprises Corporation | 2020-06-30 | $150,000-350,000 |
| JKB Logistics Corporation | 2020-06-30 | $150,000-350,000 |
| Kone Logistics | 2020-06-30 | $150,000-350,000 |
| LTB Entertainment, Inc. | 2020-06-30 | $150,000-350,000 |
| Metropolis Towers Apartment Corporation | 2020-06-30 | $150,000-350,000 |
| MNT. Vernon, L.L.C. | 2020-06-30 | $150,000-350,000 |
| Ocean Gold, Inc. | 2020-06-30 | $150,000-350,000 |
| Ocean Princess, Inc. | 2020-06-30 | $150,000-350,000 |
| Oceanside Marine, LLC | 2020-06-30 | $150,000-350,000 |
| SPLN International, LLC | 2020-06-30 | $150,000-350,000 |
| Stockel's Lawn & Landscaping, Inc. | 2020-06-30 | $150,000-350,000 |
| Tolan Machinery Company | 2020-06-30 | $150,000-350,000 |
| Triple D Cleaning Service | 2020-06-30 | $150,000-350,000 |
| True Steel Construction, LLC | 2020-06-30 | $150,000-350,000 |
| Visionware Systems, Inc. | 2020-06-30 | $150,000-350,000 |
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