There were 24 PPP loans issued in Oklahoma 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 |
|---|---|---|
| Aall Care Living Services, Inc. | 2020-05-04 | $350,000-1 million |
| Fuentes Brothers Concrete, LLC | 2020-05-04 | $350,000-1 million |
| Latino Community Development Agency, Inc. | 2020-05-04 | $350,000-1 million |
| Chisolm Hotels, LLC | 2020-05-04 | $150,000-350,000 |
| Circle B Integrity Services, LLC | 2020-05-04 | $150,000-350,000 |
| The Republic of Nice, Inc. | 2020-05-04 | $150,000-350,000 |
| Facilitators: Camp Ironhorse, Inc. | 2020-05-05 | $350,000-1 million |
| Casa Tequila, LLC | 2020-05-05 | $150,000-350,000 |
| Marshall County EMS District | 2020-05-05 | $150,000-350,000 |
| Sacred Heart Church | 2020-05-05 | $150,000-350,000 |
| Treasure Electronics, Inc. | 2020-05-05 | $150,000-350,000 |
| We Care, LLC | 2020-05-06 | $350,000-1 million |
| Deep Deuce Grill, LLC | 2020-05-06 | $150,000-350,000 |
| Polo's Authentic Mexican Restaurant, Inc. | 2020-05-06 | $150,000-350,000 |
| Powersports Consulting Solutions | 2020-05-06 | $150,000-350,000 |
| Quail Springs Tire & Automotive Service Center, Inc. | 2020-05-06 | $150,000-350,000 |
| Tryton Tools US, Inc. | 2020-05-06 | $150,000-350,000 |
| Orange Power Group, LLC | 2020-05-07 | $1-2 million |
| Steve's Wholesale Distributors, Inc. | 2020-05-07 | $150,000-350,000 |
| Comanche Nation Smoke Shops | 2020-05-08 | $150,000-350,000 |
| Ioway Maintenance, Inc. | 2020-05-08 | $150,000-350,000 |
| Jo Rose Fine Cabinets, Inc. | 2020-05-08 | $150,000-350,000 |
| Red Cedar Enterprises, Inc. | 2020-05-08 | $150,000-350,000 |
| Woodward County Emergency Medical Services | 2020-05-08 | $150,000-350,000 |
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