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Kent County Today

Thursday, November 7, 2024

BVL Developments, Inc. receives a PPP loan between $150K-$350K on June 29

Genbusiness004

BVL Developments, Inc. received a Paycheck Protection Program loan between $150,000 to 350,000 on June 29, according to the US Treasury Department.

There were 11 PPP loans issued in Delaware during the week ending July 5. 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.

RecipientsDate ReceivedDollar Amount Received
NSD Professional Services2020-06-29$1-2 million
Elverta Global Services, LLC2020-06-29$350,000-1 million
Sales Performance Services, LLC2020-06-29$350,000-1 million
BVL Developments, Inc.2020-06-29$150,000-350,000
JK Capital Investments, Inc.2020-06-29$150,000-350,000
Pouc, LLC2020-06-30$350,000-1 million
F & N Vazquez Concrete, LLC.2020-06-30$150,000-350,000
High Roller Transportation Services2020-06-30$150,000-350,000
Mid-County Contracting, LLC2020-06-30$150,000-350,000
Pou, LLC2020-06-30$150,000-350,000
Pou, LLC2020-06-30$150,000-350,000

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