There were 18 PPP loans issued in Wisconsin during the week ending June 7. 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 |
|---|---|---|
| Cablemaster Corporation | 2020-06-01 | $350,000-1 million |
| Vibrant Impressions, Inc. | 2020-06-01 | $350,000-1 million |
| Greenspan Home Health Care, LLC | 2020-06-01 | $150,000-350,000 |
| JTE Transportation, LLC | 2020-06-01 | $150,000-350,000 |
| Kip Gulseth Construction Company, Inc. | 2020-06-01 | $150,000-350,000 |
| Lake Arrowhead Association, Inc. | 2020-06-01 | $150,000-350,000 |
| Myron Soik & Sons, Inc. | 2020-06-01 | $150,000-350,000 |
| DJS Manufacturing, Inc. | 2020-06-02 | $350,000-1 million |
| Felins USA, Inc. | 2020-06-02 | $350,000-1 million |
| Optek-Danulat, Inc. | 2020-06-02 | $350,000-1 million |
| Pomp's Services, Inc. | 2020-06-02 | $150,000-350,000 |
| The Registry, Inc. | 2020-06-02 | $150,000-350,000 |
| Central Storage & Warehouse Company | 2020-06-03 | $1-2 million |
| Meier Truck Service, LLC | 2020-06-03 | $150,000-350,000 |
| Gyr Acquisitions, Inc. | 2020-06-04 | $150,000-350,000 |
| Noble Applications, LLC | 2020-06-04 | $150,000-350,000 |
| Sorg Farm Packing, Inc. | 2020-06-04 | $150,000-350,000 |
| Viking Masek Packaging Technologies, LLC | 2020-06-05 | $1-2 million |
Alerts Sign-up