There were 14 PPP loans issued in Wisconsin during the week ending June 21. 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 |
|---|---|---|
| S & a Investment Company | 2020-06-15 | $350,000-1 million |
| BVFL I Fi Brookfield Wisconsin | 2020-06-16 | $350,000-1 million |
| National Archery in the Schools Program, Inc. | 2020-06-16 | $150,000-350,000 |
| Darrell Lynn Hines Academy | 2020-06-17 | $150,000-350,000 |
| JX Leasing, Inc. | 2020-06-17 | $150,000-350,000 |
| Oceanic Fleet | 2020-06-17 | $150,000-350,000 |
| R & D Engineering & Machining, Inc. | 2020-06-17 | $150,000-350,000 |
| Northern Clearing, Inc. | 2020-06-18 | $5-10 million |
| School Sisters of Notre Dame Central Pacific Province, Inc. | 2020-06-18 | $2-5 million |
| KJH Enterprises of Sheboygan, Inc. | 2020-06-18 | $350,000-1 million |
| Plum City Care Center, Inc. | 2020-06-18 | $350,000-1 million |
| Sorge CPA & Business Advisors, S. C. | 2020-06-18 | $350,000-1 million |
| American Power & Communications Group, LLC | 2020-06-18 | $150,000-350,000 |
| Advantage Management Waupun, LLC | 2020-06-19 | $150,000-350,000 |
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