There were 28 PPP loans issued in Delaware 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 |
|---|---|---|
| Baf United, LLC | 2020-05-04 | $350,000-1 million |
| Mccabes Mechanical Service, Inc. | 2020-05-04 | $350,000-1 million |
| Incast, Inc. | 2020-05-04 | $150,000-350,000 |
| At Home Infucare, LLC | 2020-05-05 | $350,000-1 million |
| Symbiosys Consulting, LLC | 2020-05-05 | $350,000-1 million |
| Concord Realty Group, Inc. | 2020-05-05 | $150,000-350,000 |
| Beck Services, Inc. | 2020-05-06 | $350,000-1 million |
| Preferred Fire Protection, Inc. | 2020-05-06 | $350,000-1 million |
| Asa V Peugh, Inc. | 2020-05-06 | $150,000-350,000 |
| Demon & Son, LLC | 2020-05-06 | $150,000-350,000 |
| Elsmere Fire Company No. 1, Inc. | 2020-05-06 | $150,000-350,000 |
| Infectious Disease Associates, PA | 2020-05-06 | $150,000-350,000 |
| Luxury Glass Doors, LLC | 2020-05-06 | $150,000-350,000 |
| Old Wood Delaware, LLC | 2020-05-06 | $150,000-350,000 |
| Ventresca Bros. , Inc. | 2020-05-06 | $150,000-350,000 |
| Indigo Williamsburg HM, LLC | 2020-05-07 | $350,000-1 million |
| Maplewood at Danbury, LLC | 2020-05-07 | $350,000-1 million |
| Market Edge Capital Corporation, Inc. | 2020-05-07 | $350,000-1 million |
| Medley Networks, Inc. | 2020-05-07 | $150,000-350,000 |
| Millville Volunteer Fire Company, Inc. | 2020-05-07 | $150,000-350,000 |
| Nyc Value Added I, LLC | 2020-05-07 | $150,000-350,000 |
| Orbus Neich Medical Trading, Inc. | 2020-05-07 | $150,000-350,000 |
| Home for Aged Women Minquadale Home, Inc. | 2020-05-08 | $1-2 million |
| 4 Peaks Business Solutions, LLC | 2020-05-08 | $150,000-350,000 |
| Hunter Aviation International | 2020-05-08 | $150,000-350,000 |
| Kids and Teens Pediatrics of Dover, Inc. | 2020-05-08 | $150,000-350,000 |
| Sundew Painting North, Inc. | 2020-05-08 | $150,000-350,000 |
| Tokyo Steakhouse of Delaware | 2020-05-09 | $150,000-350,000 |
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