There were 21 PPP loans issued in Connecticut during the week ending July 5. 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 |
|---|---|---|
| Stamford Plaza Hotel and Conference Center, L. P. | 2020-06-29 | $350,000-1 million |
| 24/7 Harmony Homecare Services, LLC | 2020-06-29 | $150,000-350,000 |
| Admiral Cleaning and Maintenance, Inc. | 2020-06-29 | $150,000-350,000 |
| Apex Industrial Services Landscape Solutions | 2020-06-29 | $150,000-350,000 |
| Black Duck Corporation | 2020-06-29 | $150,000-350,000 |
| Empire Scallop, LLC | 2020-06-29 | $150,000-350,000 |
| George Ellis Company | 2020-06-29 | $150,000-350,000 |
| Groton Ambulance Association, Inc. | 2020-06-29 | $150,000-350,000 |
| Talalay Global, Inc. | 2020-06-30 | $1-2 million |
| Catalytic Ip Incorporated | 2020-06-30 | $350,000-1 million |
| Pro Star, Inc. | 2020-06-30 | $350,000-1 million |
| Prostar, Inc. | 2020-06-30 | $350,000-1 million |
| Ultimate Nutrition, Inc. | 2020-06-30 | $350,000-1 million |
| Chase & Son Building and Remodeling Specialists, Inc. | 2020-06-30 | $150,000-350,000 |
| FGM Development Limited Partnership | 2020-06-30 | $150,000-350,000 |
| Greenwich Animal Hospital | 2020-06-30 | $150,000-350,000 |
| Grimshaw Tree Service & Nursery Company | 2020-06-30 | $150,000-350,000 |
| Guardian Ad Litem Services, Inc. | 2020-06-30 | $150,000-350,000 |
| Maple Hill Farms, Inc. | 2020-06-30 | $150,000-350,000 |
| Suffield Veterinary Hospital | 2020-06-30 | $150,000-350,000 |
| White Coach, Inc. | 2020-06-30 | $150,000-350,000 |
Alerts Sign-up