There were 23 PPP loans issued in West Virginia during the week ending May 10. 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 |
|---|---|---|
| GPC Contracting Company | 2020-05-04 | $350,000-1 million |
| Kanawha Valley Construction & Erection, Inc. | 2020-05-04 | $150,000-350,000 |
| B & B Johnson Plumbing, LLC | 2020-05-05 | $150,000-350,000 |
| Black Diamond Power Company | 2020-05-05 | $150,000-350,000 |
| Mountain State Electrical | 2020-05-05 | $150,000-350,000 |
| Psychological Assessment and Intervention Services, Inc. | 2020-05-06 | $1-2 million |
| Black Star Trading Company, LLC | 2020-05-06 | $150,000-350,000 |
| C & C Leasing & Excavating, Inc. | 2020-05-06 | $150,000-350,000 |
| Pet Doc, Inc. | 2020-05-06 | $150,000-350,000 |
| H & D Lumber Distributors, Inc. | 2020-05-07 | $150,000-350,000 |
| Key Oil Company | 2020-05-07 | $150,000-350,000 |
| Mountaineer Transport of WV, LLC | 2020-05-07 | $150,000-350,000 |
| Thomas L Conkin Inc., D.D.S. | 2020-05-07 | $150,000-350,000 |
| U S Nursing Network | 2020-05-07 | $150,000-350,000 |
| Elite Pit Removal, LLC | 2020-05-08 | $350,000-1 million |
| Preston-Taylor Community Health Centers, Inc. | 2020-05-08 | $350,000-1 million |
| Compass Counseling, LLC | 2020-05-08 | $150,000-350,000 |
| Council of Senior Citizens of Gilmer County, Inc. | 2020-05-08 | $150,000-350,000 |
| D. T. C. , Inc. | 2020-05-08 | $150,000-350,000 |
| KRM Associates, Inc. | 2020-05-08 | $150,000-350,000 |
| MJD, Inc. | 2020-05-08 | $150,000-350,000 |
| Vidal Multiservices, LLC | 2020-05-08 | $150,000-350,000 |
| Village Enterprises, Inc. | 2020-05-08 | $150,000-350,000 |
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