Loan data for Arkansas revealed as inflation rocks the country

By Natural State News

Nov 2, 2022

There were 32,420 small businesses in Arkansas which received Paycheck Protection Loans (PPP) of $25,000 or under. These 32,420 businesses received $397,370,110 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 139 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to JMTW Construction Company, Inc..

The average loan amount provided to Arkansas small businesses was $46,626.

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 Arkansas Businesses Which Received PPP Loans $25,000 or Lower

Borrower Name	Loan Amount	Difference From Average Loan Amount in AR
JMTW Construction Company, Inc.	$25,000	-$21,626
Sappmgi, Inc.	$25,000	-$21,626
Lewis Realty & Associates	$25,000	-$21,626
DBS Advantage, LLC	$25,000	-$21,626
Etcon Construction, LLC	$25,000	-$21,626
Ethereal Spa	$25,000	-$21,626
Cornerstone Academy NWA, LLC	$25,000	-$21,626
Lewis Realty & Associates	$25,000	-$21,626
Tina Hendrix, P. A.	$25,000	-$21,626
Starlight Industrial Automation	$25,000	-$21,626
Taylor & Sullivan	$25,000	-$21,626
JLF Enterprises, Inc.	$25,000	-$21,626
JLF Enterprises, Inc.	$25,000	-$21,626
Bedrock Farms, Inc.	$25,000	-$21,626
Barnes, Inc.	$25,000	-$21,626
Barnes, Inc.	$25,000	-$21,626
Samaya Enterprises, LLC	$25,000	-$21,626
Iron Horse Coffee Company, LLC	$25,000	-$21,626
DJS Trucking and Paving, LLC	$25,000	-$21,626
Linq for Life Incorporated	$25,000	-$21,626
City Life Church of God, Inc.	$25,000	-$21,626
East Texas Ewaste, LLC	$25,000	-$21,626
Taste Buds, LLC	$25,000	-$21,626
Presidential Funeral Homes of Arkansas, Inc.	$25,000	-$21,626
Systems Outsource Services, Inc.	$25,000	-$21,626
The Showroom, Inc.	$25,000	-$21,626
Cornerstone Sales, Inc.	$25,000	-$21,626
Artents, LLP	$25,000	-$21,626
AMD Family Dentistry, PLLC	$25,000	-$21,626
Ross Winton	$25,000	-$21,626
Unique Tone Cleaning Solutions, Inc.	$25,000	-$21,626
Amy Brown	$25,000	-$21,626
Dairy Freeze of Clarksville, Inc.	$25,000	-$21,626
Benefield Enterprises, Inc.	$25,000	-$21,626
Benefield Enterprises, Inc.	$25,000	-$21,626
Riverside Management Company, LLC	$25,000	-$21,626
Unique Tone Cleaning Solutions, Inc.	$25,000	-$21,626
Chris P. Percefull, Inc.	$25,000	-$21,626
Os Medical	$25,000	-$21,626
The Juice Joint, LLC	$25,000	-$21,626
East Texas Ewaste, LLC	$25,000	-$21,626
A. R. M. Trucking, LLC	$25,000	-$21,626
A. R. M. Trucking, LLC	$25,000	-$21,626
Quality Plus, Inc.	$25,000	-$21,626
Quality Plus, Inc.	$25,000	-$21,626
Ethereal Spa, Inc.	$25,000	-$21,626
Feelinthropic, LLC	$25,000	-$21,626
George Anesthesia Services, PLLC	$25,000	-$21,626
Mcalister Investment Properties, LLC	$25,000	-$21,626
K and R Memorial Properties, LLC	$25,000	-$21,626
Stephen K Cuffman, P. A.	$25,000	-$21,626
Tri-Source, Inc.	$25,000	-$21,626
Tri-Source, Inc.	$25,000	-$21,626
Carpet Mills of America-Arkinc	$25,000	-$21,626
Insurewealth, Inc.	$25,000	-$21,626
Atchley Ortho, LLC	$25,000	-$21,626
Aurora Digital Signage, Inc.	$25,000	-$21,626
Regina Miller	$25,000	-$21,626
J & L Pit Stop, LLC	$25,000	-$21,626
Patrice Collins	$25,000	-$21,626
Residential and Commercial Services, Inc.	$25,000	-$21,626
Impact Gymnastics and Sports Academy	$25,000	-$21,626
Yoshi Japanese Steakhouse	$25,000	-$21,626
RSJ Property Management, LLC	$25,000	-$21,626
Mission Outreach of Northeast Arkansas	$25,000	-$21,626
Southern Hvac, LLC	$25,000	-$21,626
Southern Hvac, LLC	$25,000	-$21,626
Lake Retreat Ministries	$25,000	-$21,626
Bulls Wholesale, LLC	$25,000	-$21,626
The Showroom, Inc.	$25,000	-$21,626
Powerhaul Movers, LLC	$25,000	-$21,626
Flame-Tek, Inc.	$25,000	-$21,626
Goldmark Sales, LLC	$25,000	-$21,626
Davison Motorsports and Automotive	$25,000	-$21,626
Phana Chey, Inc.	$25,000	-$21,626
Mountain View Abstract & Title Company, Inc.	$25,000	-$21,626
Tri-Source, Inc.	$25,000	-$21,626
Skinner Law Firm	$25,000	-$21,626
Edwards Constructive Solutions, Inc.	$25,000	-$21,626
The Razor'z Back Barber	$25,000	-$21,626
Interstate Tire of NLR, Inc.	$25,000	-$21,626
Home Turf Landscaping, LLC	$25,000	-$21,626
Joel Housley Trucking and Construction	$25,000	-$21,626
The Flippin Hippie	$25,000	-$21,626
Douglas Chiropractic Clinic	$25,000	-$21,626
Reliability, Inc.	$25,000	-$21,626
Price Insurance Services, Inc.	$25,000	-$21,626
Multipli International	$25,000	-$21,626
PHO Hoang, Inc.	$25,000	-$21,626
Yates Tax Service	$25,000	-$21,626
Ozark Credit Cars, Inc.	$25,000	-$21,626
Humphries, Odum, & Eubanks	$25,000	-$21,626
Brya Architecture, Inc.	$25,000	-$21,626
Duca & Associates, LLC	$25,000	-$21,626
Peterson Heat/Air & Electrical, Inc.	$25,000	-$21,626
Platinum Food and Gas, LLC	$25,000	-$21,626
Tasabah & Associates, LLC	$25,000	-$21,626
Hampton Auto Body	$25,000	-$21,626
Paizis Gyros Restaurant, Inc.	$25,000	-$21,626
Bentonville Support Team, LLC	$25,000	-$21,626