There were 18 PPP loans issued in Wisconsin during the week ending May 31. 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 |
|---|---|---|
| Caribou Thunder, LLC | 2020-05-26 | $350,000-1 million |
| Golden Age Manor | 2020-05-26 | $350,000-1 million |
| Community Financial Service Center Corporation | 2020-05-26 | $150,000-350,000 |
| Exec Search, Inc. | 2020-05-26 | $150,000-350,000 |
| Don Miller Subaru, LLC | 2020-05-27 | $350,000-1 million |
| The Villa at Middleton Village, LLC | 2020-05-27 | $350,000-1 million |
| Ciro, LLC | 2020-05-27 | $150,000-350,000 |
| First Choice Heating & Cooling, Inc. | 2020-05-27 | $150,000-350,000 |
| Vidmar Roofing, Inc. | 2020-05-27 | $150,000-350,000 |
| Kenosha Visiting Nurse Association, Inc. | 2020-05-28 | $150,000-350,000 |
| Mandt Sandfill Trucking & Excavating, LLC | 2020-05-28 | $150,000-350,000 |
| Milwaukee Radio Alliance, LLC | 2020-05-28 | $150,000-350,000 |
| Visiting Nurse Community Care, Inc. | 2020-05-28 | $150,000-350,000 |
| Weissgerber's Seven Seas, Inc. | 2020-05-28 | $150,000-350,000 |
| Conger Industries, Inc. | 2020-05-29 | $1-2 million |
| CSI Sands, Ltd. | 2020-05-29 | $350,000-1 million |
| Grand View Care Center, Inc. | 2020-05-29 | $350,000-1 million |
| Nakashima, Inc. | 2020-05-29 | $150,000-350,000 |
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