There were 28 PPP loans issued in Kentucky during the week ending May 24. 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 |
|---|---|---|
| Shelby Energy Cooperative, Inc. | 2020-05-18 | $350,000-1 million |
| Total Display Solutions, LLC | 2020-05-18 | $350,000-1 million |
| Barnabas Home, Inc. | 2020-05-18 | $150,000-350,000 |
| Bowling Green Rubber & Gasket Company, LLC | 2020-05-18 | $150,000-350,000 |
| Jason Hogg Contracting, LLC | 2020-05-18 | $150,000-350,000 |
| V & P. , Inc. | 2020-05-18 | $150,000-350,000 |
| Cumberland Valley Electric, Inc. | 2020-05-19 | $1-2 million |
| Landmark of Louisville Rehabilitation and Nursing Center, LLC | 2020-05-19 | $1-2 million |
| Landmark of Bardstown Rehabilitation and Nursing Center, LLC | 2020-05-19 | $350,000-1 million |
| Landmark of Elkhorn City Rehabilitation and Nursing Center, LLC | 2020-05-19 | $350,000-1 million |
| Landmark of Iriquois Park Rehabilitation and Nursing Center, LLC | 2020-05-19 | $350,000-1 million |
| Landmark of Lancaster Rehabilitation and Nursing Center, LLC. | 2020-05-19 | $350,000-1 million |
| Landmark of River City Rehabilitation and Nursing Center, LLC | 2020-05-19 | $350,000-1 million |
| Lanmark of Laurel Creek Rehabilitation and Nursing Center, LLC. | 2020-05-19 | $350,000-1 million |
| Secured Industrial Services, LLC | 2020-05-19 | $350,000-1 million |
| Am Contracting Company | 2020-05-19 | $150,000-350,000 |
| Commonwealth Paving, Inc. | 2020-05-19 | $150,000-350,000 |
| Lee Lynn Machining, Inc. | 2020-05-19 | $150,000-350,000 |
| Pollard & Sons Excavating, LLC | 2020-05-19 | $150,000-350,000 |
| Pennyrile Rural Electric Cooperative Corporation | 2020-05-20 | $1-2 million |
| TKT Holdings, LLC | 2020-05-20 | $150,000-350,000 |
| Tombert, Inc. | 2020-05-20 | $150,000-350,000 |
| Blum-Novotest, Inc. | 2020-05-21 | $350,000-1 million |
| A-1 Electric Motor Service, Inc. | 2020-05-21 | $150,000-350,000 |
| RSGG Holdings, LLC | 2020-05-21 | $150,000-350,000 |
| RSGG Investments, LLC | 2020-05-21 | $150,000-350,000 |
| Elderserve, Inc. | 2020-05-22 | $350,000-1 million |
| PTX Food Corporation | 2020-05-22 | $350,000-1 million |
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