Loans of $25,000 were provided to 194 businesses.
The largest loan underneath the $25,000 threshold was $25,000, given to Charlies Foods, LLC.
The average loan amount provided to Oklahoma small businesses was $51,694.
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 OK |
|---|---|---|
| Charlies Foods, LLC | $25,000 | -$26,694 |
| Hammer Stars, Inc. | $25,000 | -$26,694 |
| 270 Tire and Auto, LLC | $25,000 | -$26,694 |
| Thara Damodaran LLC M.D. | $25,000 | -$26,694 |
| Cross Ridge Farm, LLC | $25,000 | -$26,694 |
| Vanns Driving Services | $25,000 | -$26,694 |
| DR. Richard Lee Cooper, P.C. | $25,000 | -$26,694 |
| Wooderson Seed | $25,000 | -$26,694 |
| Three Bells Investments | $25,000 | -$26,694 |
| Botello Construction, Inc. | $25,000 | -$26,694 |
| CSC, Inc. | $25,000 | -$26,694 |
| Yournextspeaker, LLC | $25,000 | -$26,694 |
| Three Bells Investments | $25,000 | -$26,694 |
| Yellowhouse Market and Boutique, LLC | $25,000 | -$26,694 |
| Fortuna Lodging, LLC | $25,000 | -$26,694 |
| Gentle Dentistry, Inc. | $25,000 | -$26,694 |
| Queen Brothers Pipe Straightening, Inc. | $25,000 | -$26,694 |
| Designer's INK Graphic & Building Designs, LLC | $25,000 | -$26,694 |
| Crawford Transport, Inc. | $25,000 | -$26,694 |
| Oklahoma Livestock Order Buying Company | $25,000 | -$26,694 |
| Jake Bradshaw Realty, LLC | $25,000 | -$26,694 |
| Nash Roofing & Construction, LLC | $25,000 | -$26,694 |
| Hudson Law Office, PLLC | $25,000 | -$26,694 |
| Raintree Apartments | $25,000 | -$26,694 |
| Jon Education Brown Law Firm, PC | $25,000 | -$26,694 |
| Cross Ridge Farm, LLC | $25,000 | -$26,694 |
| Fleet Transmission & Auto Repair | $25,000 | -$26,694 |
| Mitchell Bonds, PLLC | $25,000 | -$26,694 |
| 30 Cent Print, LLC | $25,000 | -$26,694 |
| Red River Consulting Service, LLC | $25,000 | -$26,694 |
| Legacy Construction & Remodeling, LLC | $25,000 | -$26,694 |
| Union Performance, LLC | $25,000 | -$26,694 |
| Kendrick Anesthesia Services Crna, PC | $25,000 | -$26,694 |
| Vista Central | $25,000 | -$26,694 |
| Green's Propane, LLC | $25,000 | -$26,694 |
| USA Swim Clinics, LLC | $25,000 | -$26,694 |
| Joel Kendrick Anesthesia Service Crna, PC | $25,000 | -$26,694 |
| Milan 36, LLC | $25,000 | -$26,694 |
| Sonrise Stables Partnership | $25,000 | -$26,694 |
| Three Bells Investments Ashton | $25,000 | -$26,694 |
| Eagle Vision Construction, LLC | $25,000 | -$26,694 |
| Cluster Chord Productions | $25,000 | -$26,694 |
| Brian Cannon Insurance and Financial Services, Inc. | $25,000 | -$26,694 |
| Almond Consulting, LLC | $25,000 | -$26,694 |
| X-Hail Repair, LLC | $25,000 | -$26,694 |
| Center Production Company, LLC | $25,000 | -$26,694 |
| Riggs Heinrich Media, Inc. | $25,000 | -$26,694 |
| Awe Star Ministries, Inc. | $25,000 | -$26,694 |
| Christopher Brown | $25,000 | -$26,694 |
| Borunda Oilfield Service, Ltd. | $25,000 | -$26,694 |
| Majic Stable, LLC | $25,000 | -$26,694 |
| Premier Dwellings, LLC | $25,000 | -$26,694 |
| Warner Heat and Air, LLC | $25,000 | -$26,694 |
| Howlin Darkroom | $25,000 | -$26,694 |
| LJA Transport, Inc. | $25,000 | -$26,694 |
| 50S Diner, LLC | $25,000 | -$26,694 |
| USA Swim Clinics, LLC | $25,000 | -$26,694 |
| Campesinos Mexican Restaurant, LLC | $25,000 | -$26,694 |
| Cheri M Wheeler, PC | $25,000 | -$26,694 |
| Warner Heat & Air, LLC | $25,000 | -$26,694 |
| Anish LLC Inc. | $25,000 | -$26,694 |
| Tej Hospitality LLC Inc. | $25,000 | -$26,694 |
| 290 Transportation | $25,000 | -$26,694 |
| Kauvery, Inc. | $25,000 | -$26,694 |
| J &M&H Trucking, LLC | $25,000 | -$26,694 |
| Shenloogian Chiropractic & Acupuncture Clinic, LLC | $25,000 | -$26,694 |
| J. L. Sanders Farms and Nursery, Inc. | $25,000 | -$26,694 |
| Greg Brown Agency | $25,000 | -$26,694 |
| Center Production Company, LLC | $25,000 | -$26,694 |
| Roark Acres Honey Farms, LLC | $25,000 | -$26,694 |
| Angelia Evans | $25,000 | -$26,694 |
| Lynn Wheeler Ministries, Inc. | $25,000 | -$26,694 |
| Teel Electrical Solutions, Inc. | $25,000 | -$26,694 |
| Polytech, LLC | $25,000 | -$26,694 |
| Tom Cohoon State Farm Insurance | $25,000 | -$26,694 |
| R2G Logistics, LLC | $25,000 | -$26,694 |
| O'Brien Oil Corporation | $25,000 | -$26,694 |
| Liberty Fence Company, Inc. | $25,000 | -$26,694 |
| Giles Law, PC | $25,000 | -$26,694 |
| Three Rivers Pools, Chemicals and Supplies, Inc. | $25,000 | -$26,694 |
| Stephpapa, LLC | $25,000 | -$26,694 |
| Far Country Energy, LLC | $25,000 | -$26,694 |
| Universal Aerial Ventures, LLC | $25,000 | -$26,694 |
| Contempra Holding, LLC | $25,000 | -$26,694 |
| The Law Offices of R Scott Ferguson | $25,000 | -$26,694 |
| Buzzard Oil & Gas, LLC | $25,000 | -$26,694 |
| Hayes Brokerage, Inc. | $25,000 | -$26,694 |
| H & J Consulting, LLC | $25,000 | -$26,694 |
| Belport Oil, Inc. | $25,000 | -$26,694 |
| Sooner Wiping Rags, LLC | $25,000 | -$26,694 |
| Ace Striping & Seal Coat | $25,000 | -$26,694 |
| Far Country Energy, LLC | $25,000 | -$26,694 |
| Three Bells Investments Ashton | $25,000 | -$26,694 |
| Orthopedic Therapy Services, LLC | $25,000 | -$26,694 |
| U S Benefits Group, Inc. | $25,000 | -$26,694 |
| Terry Halbert Auto Sales, Inc. | $25,000 | -$26,694 |
| Americana Energy, Inc. | $25,000 | -$26,694 |
| R&T Oilfield Services, Inc. | $25,000 | -$26,694 |
| RC Law Group, PLLC | $25,000 | -$26,694 |
| Jon Education Brown Law Firm, PC | $25,000 | -$26,694 |
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