There were 19 PPP loans issued in Alaska 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 |
|---|---|---|
| A Perfect Fit AK | 2020-05-04 | $350,000-1 million |
| 5-D Corporation | 2020-05-04 | $150,000-350,000 |
| Shee Atika, Incorporated | 2020-05-04 | $150,000-350,000 |
| Silverbow Construction Company | 2020-05-04 | $150,000-350,000 |
| Orion Construction, Inc. | 2020-05-05 | $350,000-1 million |
| Ulmer Mede, Inc. | 2020-05-05 | $350,000-1 million |
| L&M Supplies | 2020-05-05 | $150,000-350,000 |
| Mosesian Farms of Alaska, Inc. | 2020-05-05 | $150,000-350,000 |
| Rady Concrete Construction, LLC. | 2020-05-05 | $150,000-350,000 |
| Signature Real Estate Group, LLC | 2020-05-05 | $150,000-350,000 |
| Alaska Village Electric | 2020-05-06 | $2-5 million |
| Hearts and Hands of Care, Inc. | 2020-05-06 | $1-2 million |
| PRL Logistics, Inc. | 2020-05-06 | $350,000-1 million |
| Central Plumbing & Heating, Inc. | 2020-05-06 | $150,000-350,000 |
| Juris Mindenbergs | 2020-05-06 | $150,000-350,000 |
| Mat-Su Surgical Associates, APC | 2020-05-06 | $150,000-350,000 |
| Gallo's Mexican Restaurant, Inc. | 2020-05-07 | $150,000-350,000 |
| H & T, Inc. | 2020-05-07 | $150,000-350,000 |
| Glacier State Contractors, Inc. | 2020-05-08 | $150,000-350,000 |
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