There were 28 PPP loans issued in Hawaii during the week ending May 17. 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 |
|---|---|---|
| Gaas, LLC | 2020-05-11 | $350,000-1 million |
| Paradise Lua, Inc. | 2020-05-11 | $150,000-350,000 |
| Power-on Coaching, Inc. | 2020-05-11 | $150,000-350,000 |
| Taufatofua Construction, LLC | 2020-05-11 | $150,000-350,000 |
| Terry T Tamura, Certified Public Accountant | 2020-05-11 | $150,000-350,000 |
| Westside Fender/body & Refinishing, Inc. | 2020-05-11 | $150,000-350,000 |
| American Industrial, Inc. | 2020-05-12 | $350,000-1 million |
| CMSB, L.L.C. | 2020-05-12 | $350,000-1 million |
| MKR, Inc. | 2020-05-12 | $150,000-350,000 |
| Rainbow Roof Maintenance Company, Inc. | 2020-05-12 | $150,000-350,000 |
| Island Equipment, Inc. | 2020-05-13 | $350,000-1 million |
| Maui International Entertainment, LLC | 2020-05-13 | $350,000-1 million |
| Isla Medical Services, Inc. | 2020-05-13 | $150,000-350,000 |
| Lee Financial Group Hawaii, Inc. | 2020-05-13 | $150,000-350,000 |
| Paradise Roofing Corporation | 2020-05-13 | $150,000-350,000 |
| Ginshari, Inc. | 2020-05-14 | $350,000-1 million |
| MMK Maui LP | 2020-05-14 | $350,000-1 million |
| Island Activity Company, LLC | 2020-05-14 | $150,000-350,000 |
| Kuwaye Trucking, Inc. | 2020-05-14 | $150,000-350,000 |
| Truck Shop Maui, LLC | 2020-05-14 | $150,000-350,000 |
| Poipu Ohana Management, Inc. | 2020-05-15 | $1-2 million |
| Purdyco, Ltd. | 2020-05-15 | $350,000-1 million |
| Aloha Urology, Inc. | 2020-05-15 | $150,000-350,000 |
| Floor Technologies of Hawaii | 2020-05-15 | $150,000-350,000 |
| Hawaii Hospitality Management | 2020-05-15 | $150,000-350,000 |
| Pacific Rim Tile and Stone, LLC | 2020-05-15 | $150,000-350,000 |
| Smalt & Company, Inc. | 2020-05-15 | $150,000-350,000 |
| Kanaka Maoli Hookupu Center | 2020-05-17 | $350,000-1 million |
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