There were 50 PPP loans issued in Oregon during the week ending May 31. 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 |
|---|---|---|
| Karter Industries, Inc. | 2020-05-25 | $150,000-350,000 |
| Pacific Stainless Products, Inc. | 2020-05-26 | $1-2 million |
| Pioneer Masonry Restoration Company, Inc. | 2020-05-26 | $1-2 million |
| Resource Management Associates, Inc. | 2020-05-26 | $1-2 million |
| Carrier Mausoleums Construction USA, Inc. | 2020-05-26 | $350,000-1 million |
| Green Spring Farms, LLC | 2020-05-26 | $350,000-1 million |
| Milne Masonry, Inc. | 2020-05-26 | $350,000-1 million |
| Pediatric Cardiology Center of Oregon, P.C. | 2020-05-26 | $350,000-1 million |
| Technician-Mark, Inc. | 2020-05-26 | $350,000-1 million |
| Yakima Spartan, LLC | 2020-05-26 | $350,000-1 million |
| Cascade Grill & Bar, L.L.C. | 2020-05-26 | $150,000-350,000 |
| D 2 Services Incorporated | 2020-05-26 | $150,000-350,000 |
| Holmans Resturant, Inc. | 2020-05-26 | $150,000-350,000 |
| Polaris Electric, LLC | 2020-05-26 | $150,000-350,000 |
| Urban Counseling Collective, LLC | 2020-05-26 | $150,000-350,000 |
| Vanguard Scientific Systems, Inc. | 2020-05-26 | $150,000-350,000 |
| Meals on Wheels People | 2020-05-27 | $1-2 million |
| Beer Engine, Inc. | 2020-05-27 | $350,000-1 million |
| Centizen, Inc. | 2020-05-27 | $350,000-1 million |
| Gowdy Bros. Electric, Inc. | 2020-05-27 | $150,000-350,000 |
| Kralman Steel Structures, Inc. | 2020-05-27 | $150,000-350,000 |
| Portland Sheet Metal Works, Inc. | 2020-05-27 | $150,000-350,000 |
| Su Casa Super Mercado | 2020-05-27 | $150,000-350,000 |
| West Coast Roofing and Painting, Inc. | 2020-05-27 | $150,000-350,000 |
| Wytek Controls, Inc. | 2020-05-27 | $150,000-350,000 |
| Starplex Corporation | 2020-05-28 | $1-2 million |
| Elder Demolition, Inc. | 2020-05-28 | $350,000-1 million |
| II-S Mechanical, Inc. | 2020-05-28 | $350,000-1 million |
| Tillamook Family Counseling Center | 2020-05-28 | $350,000-1 million |
| Dehen Jackets, Inc. | 2020-05-28 | $150,000-350,000 |
| Flying H Construction Company | 2020-05-28 | $150,000-350,000 |
| R. G. Smith Electrical Contracting, Inc. | 2020-05-28 | $150,000-350,000 |
| Steve Wheeler Tire Center, Inc. | 2020-05-28 | $150,000-350,000 |
| Icon Cooperstown, LLC | 2020-05-29 | $350,000-1 million |
| Portland Rent All Center, Inc. | 2020-05-29 | $350,000-1 million |
| Acast, LLC | 2020-05-29 | $150,000-350,000 |
| Board Bend I, LLC | 2020-05-29 | $150,000-350,000 |
| Board Corvallis I, LLC | 2020-05-29 | $150,000-350,000 |
| Board Prineville I, LLC | 2020-05-29 | $150,000-350,000 |
| Board Redmond I, LLC | 2020-05-29 | $150,000-350,000 |
| Clay Davis Stroud-Oregon, LLC | 2020-05-29 | $150,000-350,000 |
| Fox Hollow Bend, LLC | 2020-05-29 | $150,000-350,000 |
| Frank Adams Wholesale Florist, Inc. | 2020-05-29 | $150,000-350,000 |
| Haps Masonry, Inc. | 2020-05-29 | $150,000-350,000 |
| Integrity Medical | 2020-05-29 | $150,000-350,000 |
| Jacinto Espinoza Labor, LLC. | 2020-05-29 | $150,000-350,000 |
| Vintage Investment Properties, Inc. | 2020-05-29 | $150,000-350,000 |
| WDI Company of Oregon, Inc. | 2020-05-29 | $150,000-350,000 |
| Zaras Gifts and Flowers | 2020-05-29 | $150,000-350,000 |
| Form and Structure, Inc. | 2020-05-31 | $150,000-350,000 |
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