Loans of $25,000 were provided to 489 businesses.
The largest loan underneath the $25,000 threshold was $25,000, given to Yasini Empire, LLC.
The average loan amount provided to Virginia small businesses was $79,954.
One of the biggest drivers causing inflation, which is currently decimating the U.S. economy, is loans. With more money available to residents through the PPP, the purchasing power of that money is diminished, meaning it takes more money to buy the same amount of goods as before.
Economist Mickey D. Levy argued the PPP and many other assistance programs offered during the COVID-19 pandemic sparked the inflation seen in recent months by boosting the economy beyond what it could reasonably handle.
Roughly $800 billion was injected into the U.S. economy while interest rates were low, causing people to overextend themselves at the time to land in trouble in the future, he claimed.
A 2022 study found that the PPP spent between $169,000 and $258,000 to protect one job. With the average salary of a small-business worker being around $58,000, the study found the program overspent by roughly 75 percent.
| Borrower Name | Loan Amount | Difference From Average Loan Amount in VA |
|---|---|---|
| Yasini Empire, LLC | $25,000 | -$54,954 |
| Harold Real Estate Holdings, LLC | $25,000 | -$54,954 |
| Oliver Distributing Company, Inc. | $25,000 | -$54,954 |
| Schools Grounds Maintenance | $25,000 | -$54,954 |
| Virginia E. Brown, PC | $25,000 | -$54,954 |
| Headwaters Rcpef, Inc. | $25,000 | -$54,954 |
| Eagle Impact Rugby Academy | $25,000 | -$54,954 |
| Integrated Data Processing, Inc. | $25,000 | -$54,954 |
| Eclectic Properties, LLC | $25,000 | -$54,954 |
| Raidah Hudson, PC, D.D.S. | $25,000 | -$54,954 |
| Tamchienllc | $25,000 | -$54,954 |
| T. A. Ledford Contracting, LLC | $25,000 | -$54,954 |
| One Virginia, LLC | $25,000 | -$54,954 |
| Opal Technician Systems, Inc. | $25,000 | -$54,954 |
| Mr B's Small Engine Repair Incorporated | $25,000 | -$54,954 |
| Furniture Style, Inc. | $25,000 | -$54,954 |
| Else Agency, LLC | $25,000 | -$54,954 |
| Fidentia Technician, LLC | $25,000 | -$54,954 |
| Sign by the X, LLC | $25,000 | -$54,954 |
| Sygma Point Consulting, LLC | $25,000 | -$54,954 |
| Heilman Technology Solutions, Inc. | $25,000 | -$54,954 |
| Alliance Retail, LLC | $25,000 | -$54,954 |
| G R Bailey & Company, Inc. | $25,000 | -$54,954 |
| Cheryl's Taxi, Inc. | $25,000 | -$54,954 |
| The Marquis Group | $25,000 | -$54,954 |
| Central VA Construction, Inc. | $25,000 | -$54,954 |
| Data Engineering Solutions, LLC | $25,000 | -$54,954 |
| Oakdale RVA | $25,000 | -$54,954 |
| South Paw Forest Products, Inc. | $25,000 | -$54,954 |
| Naar Consulting, Inc. | $25,000 | -$54,954 |
| Tung Nguyen | $25,000 | -$54,954 |
| Tung Nguyen | $25,000 | -$54,954 |
| Apna Podiatry, LLC | $25,000 | -$54,954 |
| Old Town Books LL | $25,000 | -$54,954 |
| Innovatec Group, Inc. | $25,000 | -$54,954 |
| Best Therapeutic VA, Inc. | $25,000 | -$54,954 |
| The Music Loft, LLC | $25,000 | -$54,954 |
| Glens Transmission & Automotive Repair | $25,000 | -$54,954 |
| Evergreen Salon, LLC | $25,000 | -$54,954 |
| Evergreen Salon, LLC | $25,000 | -$54,954 |
| Airport Taxi, Inc. | $25,000 | -$54,954 |
| Mendrugo Investment Properties, LLC | $25,000 | -$54,954 |
| Mendrugo Investment Properties, LLC | $25,000 | -$54,954 |
| Spotlight Studio of Dance, Inc. | $25,000 | -$54,954 |
| Benns United Methodist Church | $25,000 | -$54,954 |
| PVA Technician, Inc. | $25,000 | -$54,954 |
| Painting by Scott, Inc. | $25,000 | -$54,954 |
| Chosidera, Inc. | $25,000 | -$54,954 |
| City Coachways, Inc. | $25,000 | -$54,954 |
| FLLF, Inc. | $25,000 | -$54,954 |
| Unity Church of Richmond | $25,000 | -$54,954 |
| Design Consultants, Inc. | $25,000 | -$54,954 |
| Design Consultants, Inc. | $25,000 | -$54,954 |
| Tung D Nguyen, M.D. | $25,000 | -$54,954 |
| Ashok R Patel, M.D. | $25,000 | -$54,954 |
| SD Homes, LLC | $25,000 | -$54,954 |
| Quindoza Consulting, Inc. | $25,000 | -$54,954 |
| Peace of Mind Senior Care, LLC | $25,000 | -$54,954 |
| RGD Painting, LLC | $25,000 | -$54,954 |
| It Saints, Inc. | $25,000 | -$54,954 |
| Pawtiques, LLC | $25,000 | -$54,954 |
| Pathway Partners, LLC | $25,000 | -$54,954 |
| Sign by the X, LLC | $25,000 | -$54,954 |
| Home Worx Construction, LLC | $25,000 | -$54,954 |
| E&S Equipment, LLC | $25,000 | -$54,954 |
| E&S Equipment, LLC | $25,000 | -$54,954 |
| NNC., LLC | $25,000 | -$54,954 |
| International Development Institute, LLC | $25,000 | -$54,954 |
| Verge, LLC | $25,000 | -$54,954 |
| Verge, LLC | $25,000 | -$54,954 |
| Law Offices of Kira Anne West | $25,000 | -$54,954 |
| Elizabeth M Attreed PC, D.D.S. | $25,000 | -$54,954 |
| Children's Advocacy Centers of Virginia | $25,000 | -$54,954 |
| Iblaunch Company | $25,000 | -$54,954 |
| Iblaunch Company | $25,000 | -$54,954 |
| Crawford Express, LLC | $25,000 | -$54,954 |
| Sunshine Trips, LLC | $25,000 | -$54,954 |
| Valor Services, LLC | $25,000 | -$54,954 |
| Cabell Law Firm, P.C. | $25,000 | -$54,954 |
| Adkins & Hunnicutt, Inc. | $25,000 | -$54,954 |
| Shewit Hair Salon, LLC | $25,000 | -$54,954 |
| Spectrum Data Solutions, Inc. | $25,000 | -$54,954 |
| Gates Interiors, LLC | $25,000 | -$54,954 |
| Widener Associate, Inc. | $25,000 | -$54,954 |
| Feeling Great, LLC | $25,000 | -$54,954 |
| Granite Marble Works DMV, LLC | $25,000 | -$54,954 |
| Breunig, Trade as Ata Martial ARTS, Inc. | $25,000 | -$54,954 |
| Skyline Dental ARTS | $25,000 | -$54,954 |
| Zar Dental Consulting, LLC | $25,000 | -$54,954 |
| Scott E Bittler PC, D.D.S. | $25,000 | -$54,954 |
| BVM Group, Inc. | $25,000 | -$54,954 |
| Integrative Minds, Inc. | $25,000 | -$54,954 |
| R E Scotts Garage, LLC | $25,000 | -$54,954 |
| RZN Enterprises | $25,000 | -$54,954 |
| E and E Caulking, Inc. | $25,000 | -$54,954 |
| Sean Balile | $25,000 | -$54,954 |
| Jim Hughes Plumbing | $25,000 | -$54,954 |
| A Clear View Window Cleaning, LLC | $25,000 | -$54,954 |
| A Clear View Window Cleaning, LLC | $25,000 | -$54,954 |
| A Clear View Window Cleaning, LLC | $25,000 | -$54,954 |
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