There were 16 PPP loans issued in Mississippi during the week ending May 17. 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 |
|---|---|---|
| Solid Rock Our Church Pentecostal, Inc. | 2020-05-11 | $350,000-1 million |
| Locke D Barkley, Chapter 13 Trustee | 2020-05-11 | $150,000-350,000 |
| Precision Concrete Works, LLC | 2020-05-11 | $150,000-350,000 |
| W. W. Enterprises of Abbeville, Inc. | 2020-05-11 | $150,000-350,000 |
| Air Chef Aviation Support, LLC | 2020-05-12 | $150,000-350,000 |
| The Jefferson Bank | 2020-05-12 | $150,000-350,000 |
| B&B Management Group, LLC | 2020-05-13 | $150,000-350,000 |
| Integrity Consulting Services | 2020-05-13 | $150,000-350,000 |
| MI Hacienda Mexican Restaurant, Inc. | 2020-05-13 | $150,000-350,000 |
| Tishomingo County Electric Power Association | 2020-05-14 | $1-2 million |
| Solid Rock Ministries | 2020-05-14 | $350,000-1 million |
| Cox Consulting, LLC | 2020-05-14 | $150,000-350,000 |
| East Mississippi Electric Power Association | 2020-05-15 | $2-5 million |
| Dixie Electric Power Association | 2020-05-15 | $1-2 million |
| Tippah Electric Power Association | 2020-05-15 | $350,000-1 million |
| Eeg Marine, LLC | 2020-05-15 | $150,000-350,000 |
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