There were 27 PPP loans issued in Idaho during the week ending May 10. 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 |
|---|---|---|
| Potandon Produce, LLC | 2020-05-04 | $1-2 million |
| Alley Heating and Cooling, Inc. | 2020-05-04 | $150,000-350,000 |
| Holeshot Plumbing, LLC | 2020-05-04 | $150,000-350,000 |
| Pacific Pearl Hotel Management-ID, LLC | 2020-05-04 | $150,000-350,000 |
| Blackrock Dental Partners, PLLC | 2020-05-05 | $150,000-350,000 |
| Chad's Furniture and Appliance | 2020-05-05 | $150,000-350,000 |
| GTS Schwartz Trucking, Inc. | 2020-05-05 | $150,000-350,000 |
| Online Accounting, LLC | 2020-05-05 | $150,000-350,000 |
| Saint Maries Logging, Inc. | 2020-05-05 | $150,000-350,000 |
| Sweet's Plumbing | 2020-05-05 | $150,000-350,000 |
| Premier Technology, Inc. | 2020-05-06 | $2-5 million |
| Steele Memorial Medical Center | 2020-05-06 | $2-5 million |
| Idaho Hospital Association, Incorporated | 2020-05-06 | $350,000-1 million |
| Raft River Rural Electric Cooperative, Inc. | 2020-05-06 | $350,000-1 million |
| Xavier Charter School, Inc. | 2020-05-06 | $350,000-1 million |
| Bhgah Boi, LLC | 2020-05-06 | $150,000-350,000 |
| Lewis Corporation | 2020-05-06 | $150,000-350,000 |
| Mclaughlin Logging, Inc. | 2020-05-06 | $150,000-350,000 |
| Imaging Center of Idaho, LLC | 2020-05-07 | $150,000-350,000 |
| King Mechanical, LLC | 2020-05-07 | $150,000-350,000 |
| LLLL, Inc. | 2020-05-07 | $150,000-350,000 |
| The Walker Center for Drug and Alcohol a | 2020-05-07 | $150,000-350,000 |
| W. T. Williams, Inc. | 2020-05-07 | $150,000-350,000 |
| Life Incorporated | 2020-05-08 | $1-2 million |
| Fairway Floor | 2020-05-08 | $150,000-350,000 |
| Idaho Health Data Exchange, Inc. | 2020-05-08 | $150,000-350,000 |
| Traffico, LLC | 2020-05-08 | $150,000-350,000 |
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