Potandon Produce, LLC received a Paycheck Protection Program loan between $1 to 2 million on May 4, according to the US Treasury Department.
There were 27 PPP loans issued in Idaho 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 |
|---|---|---|
| Potandon Produce, LLC | 2020-05-04 | $1-2 million |
| Alley Heating and Cooling, Inc. | 2020-05-04 | $150,000-350,000 |
| Holeshot Plumbing, LLC | 2020-05-04 | $150,000-350,000 |
| Pacific Pearl Hotel Management-ID, LLC | 2020-05-04 | $150,000-350,000 |
| Blackrock Dental Partners, PLLC | 2020-05-05 | $150,000-350,000 |
| Chad’s Furniture and Appliance | 2020-05-05 | $150,000-350,000 |
| GTS Schwartz Trucking, Inc. | 2020-05-05 | $150,000-350,000 |
| Online Accounting, LLC | 2020-05-05 | $150,000-350,000 |
| Saint Maries Logging, Inc. | 2020-05-05 | $150,000-350,000 |
| Sweet’s Plumbing | 2020-05-05 | $150,000-350,000 |
| Premier Technology, Inc. | 2020-05-06 | $2-5 million |
| Steele Memorial Medical Center | 2020-05-06 | $2-5 million |
| Idaho Hospital Association, Incorporated | 2020-05-06 | $350,000-1 million |
| Raft River Rural Electric Cooperative, Inc. | 2020-05-06 | $350,000-1 million |
| Xavier Charter School, Inc. | 2020-05-06 | $350,000-1 million |
| Bhgah Boi, LLC | 2020-05-06 | $150,000-350,000 |
| Lewis Corporation | 2020-05-06 | $150,000-350,000 |
| Mclaughlin Logging, Inc. | 2020-05-06 | $150,000-350,000 |
| Imaging Center of Idaho, LLC | 2020-05-07 | $150,000-350,000 |
| King Mechanical, LLC | 2020-05-07 | $150,000-350,000 |
| LLLL, Inc. | 2020-05-07 | $150,000-350,000 |
| The Walker Center for Drug and Alcohol a | 2020-05-07 | $150,000-350,000 |
| W. T. Williams, Inc. | 2020-05-07 | $150,000-350,000 |
| Life Incorporated | 2020-05-08 | $1-2 million |
| Fairway Floor | 2020-05-08 | $150,000-350,000 |
| Idaho Health Data Exchange, Inc. | 2020-05-08 | $150,000-350,000 |
| Traffico, LLC | 2020-05-08 | $150,000-350,000 |
