There were 34 PPP loans issued in Utah 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 |
|---|---|---|
| Standard Plumbing Supply Company, Inc. | 2020-05-18 | $2-5 million |
| Implementing Ideas | 2020-05-18 | $150,000-350,000 |
| JR Trotter Excavation, Inc. | 2020-05-18 | $150,000-350,000 |
| MA Dingo's, Inc. | 2020-05-18 | $150,000-350,000 |
| Ridgecrest Herbals, Inc. | 2020-05-18 | $150,000-350,000 |
| Upgrade Installation and Design, LLC | 2020-05-18 | $150,000-350,000 |
| Tanner Memorial Clinic | 2020-05-19 | $5-10 million |
| Unique Plastering, Inc. | 2020-05-19 | $1-2 million |
| Dalayne Eldredge | 2020-05-19 | $350,000-1 million |
| Kane County Human Resource Special Service District | 2020-05-19 | $350,000-1 million |
| R. J. T. Excavating, Inc. | 2020-05-19 | $350,000-1 million |
| Turning Point Centers, LLC | 2020-05-19 | $350,000-1 million |
| Fluidfi, Inc. | 2020-05-19 | $150,000-350,000 |
| RPC Design & Manufacturing, LLC | 2020-05-19 | $150,000-350,000 |
| Total Air Handling, Inc. | 2020-05-19 | $150,000-350,000 |
| Wasatch Transportation Management, LLC | 2020-05-19 | $150,000-350,000 |
| Carbon Medical Service Association, Inc. | 2020-05-20 | $350,000-1 million |
| Craghead Building Company | 2020-05-20 | $350,000-1 million |
| Advanced Delivery Service, LLC | 2020-05-20 | $150,000-350,000 |
| Beus Landscape, Inc. | 2020-05-20 | $150,000-350,000 |
| Complete Restoration Construction, Inc. | 2020-05-20 | $150,000-350,000 |
| Quality Appliance Service, LLC | 2020-05-20 | $150,000-350,000 |
| The Blended Table LC | 2020-05-20 | $150,000-350,000 |
| Channing Hall | 2020-05-21 | $350,000-1 million |
| Careers Unlimited, LLC | 2020-05-21 | $150,000-350,000 |
| Legal Aid Society of Salt Lake | 2020-05-21 | $150,000-350,000 |
| Redstrap, LLC | 2020-05-21 | $150,000-350,000 |
| Day Financial Services, Inc. | 2020-05-22 | $1-2 million |
| Adams & Smith, Inc. | 2020-05-22 | $350,000-1 million |
| The Timpanogos Academy Foundation | 2020-05-22 | $350,000-1 million |
| Air Source Heating and Cooling, Inc. | 2020-05-22 | $150,000-350,000 |
| National Laser Company | 2020-05-22 | $150,000-350,000 |
| S & S Enterprises of Moab, Inc. | 2020-05-22 | $150,000-350,000 |
| Warren Stone Masonry | 2020-05-23 | $150,000-350,000 |
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