There were seven PPP loans issued in Nebraska during the week ending May 31. The average loan size in the state was between $1 to 2 million.
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 |
|---|---|---|
| Plainview Manor | 2020-05-26 | $350,000-1 million |
| Roger K. Curry, D.D.S. | 2020-05-26 | $150,000-350,000 |
| Readytech-Go, Inc. | 2020-05-27 | $1-2 million |
| Scales Sales & Service, LLC | 2020-05-27 | $350,000-1 million |
| Fucor, Inc. | 2020-05-28 | $1-2 million |
| Greeley Care Home & Assisted Living | 2020-05-29 | $150,000-350,000 |
| The James Skinner Company | 2020-05-30 | $5-10 million |
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