Loans of $25,000 were provided to 1,724 businesses.
The largest loan underneath the $25,000 threshold was $25,000, given to Urban Forest Diagnostics, LLC.
The average loan amount provided to New York small businesses was $81,977.
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 NY |
|---|---|---|
| Urban Forest Diagnostics, LLC | $25,000 | -$56,977 |
| Ytag, CORP. | $25,000 | -$56,977 |
| VS Logistics, Inc. | $25,000 | -$56,977 |
| Green Buoy Enterprises, LLC | $25,000 | -$56,977 |
| AMMG Realty, CORP | $25,000 | -$56,977 |
| AMMG Realty, CORP | $25,000 | -$56,977 |
| Barry T Leibowitz Association, Inc. | $25,000 | -$56,977 |
| Livingston Dental Care, P.C. | $25,000 | -$56,977 |
| German Trucking, Inc. | $25,000 | -$56,977 |
| Rou Realty, Ltd. | $25,000 | -$56,977 |
| Jazz Workshop, Inc. | $25,000 | -$56,977 |
| The Hitech Team | $25,000 | -$56,977 |
| Kitchen Table Subs, LLC | $25,000 | -$56,977 |
| PMK Acupuncture, P.C. | $25,000 | -$56,977 |
| WTP Cleaning Services, Inc. | $25,000 | -$56,977 |
| PPS Stanwix, LLC | $25,000 | -$56,977 |
| Design Lighting, Inc. | $25,000 | -$56,977 |
| Design Lighting, Inc. | $25,000 | -$56,977 |
| Turnpike Tresses, Inc. | $25,000 | -$56,977 |
| Michael D Solomon ESQ, PLLC | $25,000 | -$56,977 |
| Lannyk. W., Inc. | $25,000 | -$56,977 |
| Fate Fitness LLX | $25,000 | -$56,977 |
| Swanson Consulting & Associates, Inc. | $25,000 | -$56,977 |
| Wings Foot & Sports Corporation | $25,000 | -$56,977 |
| Astoria Pet Care, LLC | $25,000 | -$56,977 |
| Amazonia Wealth Management, LLC | $25,000 | -$56,977 |
| Frank Vesuvio & Marble | $25,000 | -$56,977 |
| Oceania Chemist, Inc. | $25,000 | -$56,977 |
| Brad Lee Sportswear of NY, Inc. | $25,000 | -$56,977 |
| Mills Electrical Supply, Inc. | $25,000 | -$56,977 |
| Concertus Research, LLC | $25,000 | -$56,977 |
| Caterpillar to Butterflies Daycare, Inc. | $25,000 | -$56,977 |
| MDRN Group | $25,000 | -$56,977 |
| Salzano, Lampert & Wilson, LLP | $25,000 | -$56,977 |
| Panos Furs, CORP. | $25,000 | -$56,977 |
| JP Travel, Inc. | $25,000 | -$56,977 |
| Complex Elements Corporation | $25,000 | -$56,977 |
| Budget Discount Carpets, Inc. | $25,000 | -$56,977 |
| Budget Discount Carpets, Inc. | $25,000 | -$56,977 |
| Auntirbon786, CORP | $25,000 | -$56,977 |
| Satish Chawla & Associates, Inc. | $25,000 | -$56,977 |
| Primetime Agency Group, Inc. | $25,000 | -$56,977 |
| Stonehill Capital, Inc. | $25,000 | -$56,977 |
| Salon Camaj, LLC | $25,000 | -$56,977 |
| Savvy Productions, Inc. | $25,000 | -$56,977 |
| My Two Suns, Inc. | $25,000 | -$56,977 |
| Matturro & Associates | $25,000 | -$56,977 |
| Empire St. Special Needs Experience, Inc. | $25,000 | -$56,977 |
| ATGS, Inc. | $25,000 | -$56,977 |
| Violation Advocate, LLC | $25,000 | -$56,977 |
| Sunny Grocery Yildiz, CORP | $25,000 | -$56,977 |
| Alan Shih | $25,000 | -$56,977 |
| TL Health Care, Inc. | $25,000 | -$56,977 |
| TFJ Contracting, LLC | $25,000 | -$56,977 |
| Catanias Pizza Corporation | $25,000 | -$56,977 |
| Expressway Truck Repair | $25,000 | -$56,977 |
| Wines Du Monde | $25,000 | -$56,977 |
| Wines Du Monde | $25,000 | -$56,977 |
| David Zarabi PC, D.D.S. | $25,000 | -$56,977 |
| Elizabeth Rounds, Inc. | $25,000 | -$56,977 |
| FGCB Consulting, LLC | $25,000 | -$56,977 |
| New Millennium Pain and Spine | $25,000 | -$56,977 |
| Forsberg Management, Inc. | $25,000 | -$56,977 |
| United Association of Calligraphy, Inc. | $25,000 | -$56,977 |
| Seedlings Therapeutic Services, LLC | $25,000 | -$56,977 |
| TL Entertainment, LLC | $25,000 | -$56,977 |
| Glammednaturallyoil, LLC | $25,000 | -$56,977 |
| Worldwide Event Productions, Ltd. | $25,000 | -$56,977 |
| M&B Less Clothing, LLC | $25,000 | -$56,977 |
| KP Dance, LLC | $25,000 | -$56,977 |
| PPS Berry, LLC | $25,000 | -$56,977 |
| Gemma's Automotive Service, CORP. | $25,000 | -$56,977 |
| Flexpak, Inc. | $25,000 | -$56,977 |
| Heritage Feed & Supply | $25,000 | -$56,977 |
| CJJ Trading, CORP. | $25,000 | -$56,977 |
| Lyfe Stylz Salon, Inc. | $25,000 | -$56,977 |
| En Lai Take out, Inc. | $25,000 | -$56,977 |
| Sanders Gutman & Brodie, P.C. | $25,000 | -$56,977 |
| Domus Fare, LLC | $25,000 | -$56,977 |
| Bill Louer, Inc. | $25,000 | -$56,977 |
| DM Beauty Salon | $25,000 | -$56,977 |
| Worldwide Merchant Services, Inc. | $25,000 | -$56,977 |
| NY HD Screen, CORP | $25,000 | -$56,977 |
| Reliable Business Solutions, LLC | $25,000 | -$56,977 |
| Shirley Plumbers, Inc. | $25,000 | -$56,977 |
| Gohive, Inc. | $25,000 | -$56,977 |
| Virgin Mary & St. Pakhomious Coptic Orthodox Church | $25,000 | -$56,977 |
| Virgin Mary & St. Pakhomious Coptic Orthodox Church | $25,000 | -$56,977 |
| Dany Restoration, Inc. | $25,000 | -$56,977 |
| Gold Gong, Inc. | $25,000 | -$56,977 |
| Stat ART Services, LLC | $25,000 | -$56,977 |
| Duc Nguyen | $25,000 | -$56,977 |
| Adejoke Babalola P. C., D.P.M. | $25,000 | -$56,977 |
| Complete Rehabilitation | $25,000 | -$56,977 |
| 63rd Realty, Inc. | $25,000 | -$56,977 |
| SBG Group, LLC | $25,000 | -$56,977 |
| Jewelry Affairs | $25,000 | -$56,977 |
| Gdonohue, Inc. | $25,000 | -$56,977 |
| Take Two Film Academy, Inc. | $25,000 | -$56,977 |
| New China Chen, CORP | $25,000 | -$56,977 |
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