There were 20 PPP loans issued in New Hampshire 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 |
|---|---|---|
| Cyber Sphere, LLC | 2020-05-04 | $350,000-1 million |
| Big SKY Global, LLC | 2020-05-04 | $150,000-350,000 |
| Boardwalk Cafe, LLC | 2020-05-04 | $150,000-350,000 |
| KWC Marketing, LLC | 2020-05-04 | $150,000-350,000 |
| Marion Cheney | 2020-05-04 | $150,000-350,000 |
| Markey's Lobster Pound, Inc. | 2020-05-04 | $150,000-350,000 |
| Tri-State Iron Works, Inc. | 2020-05-04 | $150,000-350,000 |
| Blue Water Mortgage | 2020-05-05 | $350,000-1 million |
| Circuit Connect, Inc. | 2020-05-05 | $150,000-350,000 |
| Core Vocational Services, LLC | 2020-05-05 | $150,000-350,000 |
| Red Star Building Systems 1, LLC | 2020-05-05 | $150,000-350,000 |
| Westbridge, Inc. | 2020-05-06 | $1-2 million |
| Goodhue & Hawkins Navy Yard, LLC | 2020-05-06 | $350,000-1 million |
| Osborne Farm and Garden Centers, LLC | 2020-05-06 | $150,000-350,000 |
| Puro Group, Inc. | 2020-05-06 | $150,000-350,000 |
| Stephen M Newell | 2020-05-06 | $150,000-350,000 |
| New England Small Tube Corporation | 2020-05-07 | $1-2 million |
| Bretwood Golf Course, Inc. | 2020-05-07 | $150,000-350,000 |
| Glendale Senior Dining, Inc. | 2020-05-08 | $350,000-1 million |
| Teale Law, LLC | 2020-05-08 | $350,000-1 million |
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