There were 39 PPP loans issued in Arizona 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 |
|---|---|---|
| Cole Capital Corporation | 2020-05-25 | $350,000-1 million |
| Amendola Communications, LLC | 2020-05-26 | $350,000-1 million |
| Matthews Gold Kennedy & Snow | 2020-05-26 | $350,000-1 million |
| Ambient Air Heating & Cooling, LLC | 2020-05-26 | $150,000-350,000 |
| Home Health Safford, LLC | 2020-05-26 | $150,000-350,000 |
| L & M Food Management Service, L.L.C. | 2020-05-26 | $150,000-350,000 |
| Mexicayotl Academy, Inc. | 2020-05-26 | $150,000-350,000 |
| Management Restaurant Concepts, LLC | 2020-05-26 | $150,000-350,000 |
| Pro-Builders, LLC | 2020-05-26 | $150,000-350,000 |
| Quick Restore, LLC | 2020-05-26 | $150,000-350,000 |
| Superior Landscape Management, Inc. | 2020-05-26 | $150,000-350,000 |
| Legacy Traditional School-Laveen | 2020-05-27 | $350,000-1 million |
| Packages, LLC | 2020-05-27 | $350,000-1 million |
| Adventurous Antelope Canyon Photo Tour, LLC. | 2020-05-27 | $150,000-350,000 |
| Bud's Electric, Inc. | 2020-05-27 | $150,000-350,000 |
| Integrated Health Management, Inc. | 2020-05-27 | $150,000-350,000 |
| PPCF, LLC | 2020-05-27 | $150,000-350,000 |
| ARS Global, Inc. | 2020-05-28 | $350,000-1 million |
| Living Waters Hospice, LLC. | 2020-05-28 | $350,000-1 million |
| Arizona Center for Empowerment | 2020-05-28 | $150,000-350,000 |
| Arizona Center for Implant, Facial, and Oral Surgery | 2020-05-28 | $150,000-350,000 |
| Dementia Prevention Systems Clinics, LLC | 2020-05-28 | $150,000-350,000 |
| Fundamental Holdings Corporation | 2020-05-28 | $150,000-350,000 |
| Janne M. Lynch PLLC, D.D.S. | 2020-05-28 | $150,000-350,000 |
| Osborne Stucco, Inc. | 2020-05-28 | $150,000-350,000 |
| A1 Home Care Software, LLC | 2020-05-29 | $1-2 million |
| South Bay Circuits, Inc. | 2020-05-29 | $1-2 million |
| 5C Restaurants, LLC | 2020-05-29 | $150,000-350,000 |
| Central Alarm Security, Inc. | 2020-05-29 | $150,000-350,000 |
| Dj's Companies, Inc. | 2020-05-29 | $150,000-350,000 |
| EMG Homes Real Estate, LLC | 2020-05-29 | $150,000-350,000 |
| Firehouse Solutions, L.L.C. | 2020-05-29 | $150,000-350,000 |
| Forklift Service Company, LLC | 2020-05-29 | $150,000-350,000 |
| Freedom Logistics, Inc. | 2020-05-29 | $150,000-350,000 |
| South Bridge, LLC | 2020-05-29 | $150,000-350,000 |
| The Vineyard Group, L.L.C. | 2020-05-29 | $150,000-350,000 |
| F and a Cattle Company, Inc. | 2020-05-30 | $150,000-350,000 |
| PGI/phoenix Graphix, Inc. | 2020-05-31 | $150,000-350,000 |
| Proteam, L.L.C | 2020-05-31 | $150,000-350,000 |
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