There were 10 PPP loans issued in Nebraska 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 |
|---|---|---|
| MBE, Inc. | 2020-06-29 | $350,000-1 million |
| BB International, Inc. | 2020-06-29 | $150,000-350,000 |
| EBM Manufacturing | 2020-06-29 | $150,000-350,000 |
| Gloss Salon & Day Spa, Inc. | 2020-06-29 | $150,000-350,000 |
| Beeline Logistics, Inc. | 2020-06-30 | $150,000-350,000 |
| Chimney Rock Villa | 2020-06-30 | $150,000-350,000 |
| Faust, Howell Associates, Inc. | 2020-06-30 | $150,000-350,000 |
| Jmmourgis, LLC | 2020-06-30 | $150,000-350,000 |
| Nastase Roofing, Inc. | 2020-06-30 | $150,000-350,000 |
| Professional Clean Up Service | 2020-06-30 | $150,000-350,000 |
Alerts Sign-up