There were 19 PPP loans issued in Kentucky during the week ending June 7. The average loan size in the state was between $350,000 to 1 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 |
|---|---|---|
| Lexington Theological Seminary | 2020-06-01 | $350,000-1 million |
| SV Rehab, LLC | 2020-06-01 | $150,000-350,000 |
| LB Acquisitions, LLC | 2020-06-02 | $350,000-1 million |
| Longneck's, L.L.C. | 2020-06-02 | $350,000-1 million |
| Downey Trucking, Inc. | 2020-06-02 | $150,000-350,000 |
| Communicare Services, Inc. | 2020-06-04 | $2-5 million |
| Medical Rehabilitation Centers, LLC | 2020-06-04 | $1-2 million |
| Clifton Oaks Care and Rehab Center, LLC | 2020-06-04 | $350,000-1 million |
| Exceptional Therapy, LLC | 2020-06-04 | $350,000-1 million |
| Frankfort Rehab and Care, LLC | 2020-06-04 | $350,000-1 million |
| Green Hill Rehab and Care, LLC | 2020-06-04 | $350,000-1 million |
| Hillcreek Rehab and Care, LLC | 2020-06-04 | $350,000-1 million |
| Kirtland Rehab and Care, LLC | 2020-06-04 | $350,000-1 million |
| Lyndon Woods Care & Rehab, LLC | 2020-06-04 | $350,000-1 million |
| St. Matthews Care and Rehab Center, LLC | 2020-06-04 | $350,000-1 million |
| Stanford Care and Rehab, LLC | 2020-06-04 | $350,000-1 million |
| Vanceburg Rehab and Care, LLC | 2020-06-04 | $350,000-1 million |
| Ainak, Inc. | 2020-06-04 | $150,000-350,000 |
| Flannery Painting, Inc. | 2020-06-05 | $350,000-1 million |
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