Loan data for Tennessee revealed as inflation rocks the country

By Volunteer State News

Nov 2, 2022

There were 56,979 small businesses in Tennessee which received Paycheck Protection Loans (PPP) of $25,000 or under. These 56,979 businesses received $746,250,441 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 279 businesses.

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

The average loan amount provided to Tennessee small businesses was $56,466.

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

Borrower Name	Loan Amount	Difference From Average Loan Amount in TN
JCL Consulting, Inc.	$25,000	-$31,466
JCL Consulting, Inc.	$25,000	-$31,466
Music City Kids Club, LLC	$25,000	-$31,466
Moonstone Anesthesia	$25,000	-$31,466
Tannoor Grill Restaurant, Inc.	$25,000	-$31,466
BLU Moon, LLC	$25,000	-$31,466
THO Nguyen, D.P.M.	$25,000	-$31,466
Persian Galleries, Inc.	$25,000	-$31,466
Waterwise, LLC	$25,000	-$31,466
Therapeutic Rehab Services	$25,000	-$31,466
Consult David W, LLC	$25,000	-$31,466
Church of God East Central Region	$25,000	-$31,466
Pinakin, Inc.	$25,000	-$31,466
Burnett's, LLC	$25,000	-$31,466
Divine Electrical, Inc.	$25,000	-$31,466
Healthyoates, Inc.	$25,000	-$31,466
Noble Cabinet Company, LLC	$25,000	-$31,466
Sugarlips Bakery, LLC	$25,000	-$31,466
Redemption Fields., LLC	$25,000	-$31,466
Gutter & Garage Doors, Inc.	$25,000	-$31,466
Refined Homes, LLC	$25,000	-$31,466
Xian SHU, Inc.	$25,000	-$31,466
Kingdom Building Services, LLC	$25,000	-$31,466
Zolo's, LLC	$25,000	-$31,466
Network Services Group, Inc.	$25,000	-$31,466
L. A Scapes, LLC	$25,000	-$31,466
Anthony Sullivan	$25,000	-$31,466
Nashville Smile Bar	$25,000	-$31,466
Deborah West	$25,000	-$31,466
Milan C&F, Inc.	$25,000	-$31,466
KGH Remodeling, PLLC	$25,000	-$31,466
Cole Manor, LLC	$25,000	-$31,466
Bad Timing, LLC	$25,000	-$31,466
Sstewart Enterprises, LLC	$25,000	-$31,466
Fantastic Clinical Research Solutions, LLC	$25,000	-$31,466
OFF the Leash, LLC	$25,000	-$31,466
Fusion Fitness & Physical Therapy Center, LLC	$25,000	-$31,466
Tennessee Fleet Service, LLC	$25,000	-$31,466
Sitepro Erosion Control, LLC	$25,000	-$31,466
Pioneer Jewlery, LLC	$25,000	-$31,466
Baby's First Ride Home, Inc.	$25,000	-$31,466
Wasabi Sushi & Asian Fusion, Inc.	$25,000	-$31,466
General Heating and Air Conditioning Company, Inc.	$25,000	-$31,466
Stance and Chamber Corporation	$25,000	-$31,466
Copycats Print Services, LLC	$25,000	-$31,466
William Raymond Hixson	$25,000	-$31,466
Winfrey Air Conditioning Heating & Plumbing Service Company	$25,000	-$31,466
N2 Plumbing and Tile, LLC	$25,000	-$31,466
Chattanooga Hardwood Center, Inc.	$25,000	-$31,466
Harper Anesthesia Services Incorporated	$25,000	-$31,466
Condenser and Boiler Tools, Inc.	$25,000	-$31,466
San Investments 5, Inc.	$25,000	-$31,466
Bullpen Brands, Inc.	$25,000	-$31,466
Livid Sound, LLC	$25,000	-$31,466
Intelligent Advertising, Inc.	$25,000	-$31,466
Tristar Electronics Recycling, LLC	$25,000	-$31,466
Tom's Blue Moon BBQ of Tennessee, Inc.	$25,000	-$31,466
Aviar Financials, P.C.	$25,000	-$31,466
Small Business Insurance Solutions	$25,000	-$31,466
Small Business Insurance Solutions	$25,000	-$31,466
Moonstone Anesthesia	$25,000	-$31,466
Debbie West Court Reporter	$25,000	-$31,466
127 Consulting, Inc.	$25,000	-$31,466
The Gittin' Place, LLP	$25,000	-$31,466
YNS Beauty Palace	$25,000	-$31,466
Tennessee Educators of Color Alliance	$25,000	-$31,466
Italian Collection	$25,000	-$31,466
Swiftkick MMA & Boxing, LLC	$25,000	-$31,466
Kefauver Financial Planning & Wealth Management	$25,000	-$31,466
ARC of Williamson County	$25,000	-$31,466
Cornerstone Village Plaza, LLC	$25,000	-$31,466
Gutter & Garage Doors, Inc.	$25,000	-$31,466
Heim Group, LLC	$25,000	-$31,466
Michelle and Scott's Wholesale Imports, LLC	$25,000	-$31,466
Ross' Restorations, Inc.	$25,000	-$31,466
Watson Agency	$25,000	-$31,466
Homewood Investments, GP	$25,000	-$31,466
B&B Beauty Supply, Inc.	$25,000	-$31,466
Wright Construction	$25,000	-$31,466
Gloss Nail Bar, LLC	$25,000	-$31,466
Axo Logistics, Inc.	$25,000	-$31,466
Trailhead Bicycle Company	$25,000	-$31,466
Trust Transportation, LLC	$25,000	-$31,466
Trust Transportation, LLC	$25,000	-$31,466
Advanced Life Insurance Consulting Services, LLC	$25,000	-$31,466
Barrs Lawn Service	$25,000	-$31,466
All Stain of Tennessee, Inc.	$25,000	-$31,466
Morning Song, Inc.	$25,000	-$31,466
DR Dan Lobb	$25,000	-$31,466
Mark and Angie Hixson	$25,000	-$31,466
Powell Transportation Services, LLC	$25,000	-$31,466
Go Sell Direct, LLC	$25,000	-$31,466
Epilepsy Foundation of Setn	$25,000	-$31,466
Gutt Transport, LLC	$25,000	-$31,466
Sonali Deo PLLC M.D.	$25,000	-$31,466
Royalty Electric, Inc.	$25,000	-$31,466
Church of God East Central Region	$25,000	-$31,466
100 Black Men Middle Tennessee, Inc.	$25,000	-$31,466
Home Works TN, LLC	$25,000	-$31,466
Mastery Coaching, LLC	$25,000	-$31,466