There were 28 PPP loans issued in Mississippi 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 |
|---|---|---|
| Choctaw Regional Medical Center | 2020-05-04 | $2-5 million |
| Moore Advanced, Inc. | 2020-05-04 | $1-2 million |
| Big T Trucking, Inc. | 2020-05-04 | $150,000-350,000 |
| May's Lumping Service, LLC | 2020-05-04 | $150,000-350,000 |
| Its Group Corporation | 2020-05-05 | $150,000-350,000 |
| P T E, Inc. | 2020-05-05 | $150,000-350,000 |
| Yourway Freight, LLC | 2020-05-05 | $150,000-350,000 |
| Heart Hypertnention Cholesterol & Diabetes Care, LLC | 2020-05-06 | $150,000-350,000 |
| Jaxon Energy, LLC | 2020-05-06 | $150,000-350,000 |
| MI Toro 4, Inc. | 2020-05-06 | $150,000-350,000 |
| North Oak Hospital, Inc. | 2020-05-06 | $150,000-350,000 |
| American Controls Technology, Inc. | 2020-05-07 | $150,000-350,000 |
| Double R Foods, LLC | 2020-05-07 | $150,000-350,000 |
| Emmanuel Coleman | 2020-05-07 | $150,000-350,000 |
| R&R Foods Monticello, LLC | 2020-05-07 | $150,000-350,000 |
| Ramey and Sons Pearl River, LLC | 2020-05-07 | $150,000-350,000 |
| Ramey and Sons Prentiss, LLC | 2020-05-07 | $150,000-350,000 |
| Ramey and Sons Purvis, LLC | 2020-05-07 | $150,000-350,000 |
| MI Toro 2, Inc. | 2020-05-08 | $150,000-350,000 |
| R&R Foods Collins, LLC | 2020-05-08 | $150,000-350,000 |
| R&R Foods Columbia, LLC | 2020-05-08 | $150,000-350,000 |
| R&R Foods Jackson, LLC | 2020-05-08 | $150,000-350,000 |
| Ramey and Sons Richton, LLC | 2020-05-08 | $150,000-350,000 |
| Ramey and Sons Sumrall, LLC | 2020-05-08 | $150,000-350,000 |
| Ramey and Sons, Poplarville, LLC | 2020-05-08 | $150,000-350,000 |
| Ramey's Personnel, LLC | 2020-05-08 | $150,000-350,000 |
| Specialty Healthcare | 2020-05-08 | $150,000-350,000 |
| King Sun, LLC | 2020-05-10 | $1-2 million |
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