Rockingham Times

Qa Cafe, LLC received a Paycheck Protection Program loan for between $150,000 and $350,000 on May 3, according to the US Treasury Department.

There were 581 PPP loans issued in New Hampshire during the week ending May 3 and the average loan amount was between $150,000 and $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.

	Apr 27	Apr 28	Apr 29	Apr 30	May 1	May 2	May 3
$2-5 million	7	1	2	2	0	0	3
$1-2 million	14	3	4	3	0	0	5
$350,000-1 million	38	38	12	9	7	1	32
$150,000-350,000	76	123	39	49	11	4	95
$5-10 million	0	2	0	0	0	0	1