How many businesses in Kentucky received a PPP loan of $25,000 or under?

By Bluegrass Times

Nov 2, 2022

There were 38,020 small businesses in Kentucky which received Paycheck Protection Loans (PPP) of $25,000 or under. These 38,020 businesses received $461,554,276 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 175 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to Pedebe88, Inc..

The average loan amount provided to Kentucky small businesses was $57,705.

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.

Top 100 Kentucky Businesses Which Received PPP Loans $25,000 or Lower

Borrower Name	Loan Amount	Difference From Average Loan Amount in KY
Pedebe88, Inc.	$25,000	-$32,705
Ganesh of Cave City, Inc.	$25,000	-$32,705
Pgxtox, LLC	$25,000	-$32,705
Grover Enterprises, Inc.	$25,000	-$32,705
Grover Enterprises, Inc.	$25,000	-$32,705
Jerry A. Patton, P. S. C.	$25,000	-$32,705
Jest-Company, Inc.	$25,000	-$32,705
Mullikin Thoroughbreds, LLC	$25,000	-$32,705
Mullikin Thoroughbreds, LLC	$25,000	-$32,705
Sajan Enterprises, LLC	$25,000	-$32,705
Soar on Wings Like Eagles Ministries International, Inc.	$25,000	-$32,705
East Kentucky Carpet Center, Incorporated	$25,000	-$32,705
Emerson Trucking, LLC	$25,000	-$32,705
Cannon Farms, LLC	$25,000	-$32,705
Casons Cove, LLC	$25,000	-$32,705
Business U, LLC	$25,000	-$32,705
Lodestone, LLC	$25,000	-$32,705
Lodestone, LLC	$25,000	-$32,705
Rodgers Audio/Video Installation, LLC	$25,000	-$32,705
Greater Cincy Living, LLC	$25,000	-$32,705
Middletown Dental Center, PLLC	$25,000	-$32,705
Schmidt Services, LLC	$25,000	-$32,705
Sodam Incorporated	$25,000	-$32,705
Stanton KY Pj's, LLC	$25,000	-$32,705
Papermaker, LLC	$25,000	-$32,705
Fresh Anointing Child Development Center	$25,000	-$32,705
A Business Solutions Company, LLC	$25,000	-$32,705
Steve & Sons Recycling, LLC	$25,000	-$32,705
Hughes Equine Services, LLC	$25,000	-$32,705
Zach Fisher Enterprises, LLC	$25,000	-$32,705
Lisa Sams Insurance and Financial	$25,000	-$32,705
5 Elements, LLC	$25,000	-$32,705
Siss on Monmouth, LLC	$25,000	-$32,705
All Things New Salon	$25,000	-$32,705
Eden Shale Nursery, Inc.	$25,000	-$32,705
Hunter Farms, Inc.	$25,000	-$32,705
Hunter Farms, Inc.	$25,000	-$32,705
Paducah Tent & Awning Company	$25,000	-$32,705
Koch Racqueteering, LLC	$25,000	-$32,705
Jagdish Investment Group, Inc.	$25,000	-$32,705
Direct Business Technologies, LLC	$25,000	-$32,705
A&M Express	$25,000	-$32,705
A&M Express	$25,000	-$32,705
Wellness First Chiropractic, PLLC	$25,000	-$32,705
Mane Avenue Salon, LLC	$25,000	-$32,705
Jest-Coinc	$25,000	-$32,705
R & D Equipment Repair, Inc.	$25,000	-$32,705
Harris Property Acquisitions & Management, LLC	$25,000	-$32,705
Diyra Realty, LLC	$25,000	-$32,705
Adam King	$25,000	-$32,705
Highlands Family Dentistry	$25,000	-$32,705
Nethery Insurance Agency, Inc.	$25,000	-$32,705
DR Christopher J Edelen PSC	$25,000	-$32,705
H&M Solutions, LLC	$25,000	-$32,705
Dave's Sticky Pig	$25,000	-$32,705
Deer Creek Labradoodles	$25,000	-$32,705
Swift Cell Phones and More, LLC	$25,000	-$32,705
James Powell Woodworking, LLC	$25,000	-$32,705
Extreme Fitness for Women	$25,000	-$32,705
Data Media, Inc.	$25,000	-$32,705
Trunnell Trucking Indiana, LLC	$25,000	-$32,705
Martin Heating and Air Conditioning, Inc.	$25,000	-$32,705
Upsurge Property Solutions, LLC	$25,000	-$32,705
Magnetic Tape Recorder, Inc.	$25,000	-$32,705
J & R Restaurants of KY, LLC	$25,000	-$32,705
Simpson County Literacy Council, Inc.	$25,000	-$32,705
Mengel Exterior Systems, Inc.	$25,000	-$32,705
Listen Design Studio, LLC	$25,000	-$32,705
Unlimited Holistic Therapy, LLC	$25,000	-$32,705
Kron Ridge Investments, LLC	$25,000	-$32,705
Mary Winkler	$25,000	-$32,705
Jerry a Patton P. S. C.	$25,000	-$32,705
Auntie's Academy, LLC	$25,000	-$32,705
Varneys Tax Service, Inc.	$25,000	-$32,705
Peay Electric Contracting	$25,000	-$32,705
Chimney Master, LLC	$25,000	-$32,705
Screens of Kentucky	$25,000	-$32,705
Brantley Valuation Consultants	$25,000	-$32,705
KM Transport, LLC	$25,000	-$32,705
Johnson Investments, Inc.	$25,000	-$32,705
Junior Barnett Trucking, Inc.	$25,000	-$32,705
Andy Downey Legal	$25,000	-$32,705
Richard Pierce	$25,000	-$32,705
Kentucky Neurometabolic Center	$25,000	-$32,705
Kenco Services, Inc.	$25,000	-$32,705
Mobile Fabric Repair, Inc.	$25,000	-$32,705
167 Signs, LLC	$25,000	-$32,705
Pulmonary Specialists of Louisville, P. S. C.	$25,000	-$32,705
Adjustment Bureau, LLC	$25,000	-$32,705
Hawkins' Landscape Innovation, Inc.	$25,000	-$32,705
Mosby's Electrical Contracting, LLC	$25,000	-$32,705
Life Without Fear Chiropractic, LLC	$25,000	-$32,705
Diamond Pictures, Inc.	$25,000	-$32,705
Jerrys Electronics	$25,000	-$32,705
Sairam DNR, Inc.	$25,000	-$32,705
Shree Ganesh of Franklin, Inc.	$25,000	-$32,705
Krishna of Cave City, Inc.	$25,000	-$32,705
Sairam FB, Inc.	$25,000	-$32,705
Tree Pros, LLC	$25,000	-$32,705
Tree Pros, LLC	$25,000	-$32,705