Inflation Woes: Did PPP loans $25,000 or under to Georgia businesses contribute to inflation?

By Peach Tree Times

Nov 2, 2022

There were 152,966 small businesses in Georgia which received Paycheck Protection Loans (PPP) of $25,000 or under. These 152,966 businesses received $2,023,362,419 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 704 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to Street Beats, Inc..

The average loan amount provided to Georgia small businesses was $43,776.

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

Borrower Name	Loan Amount	Difference From Average Loan Amount in GA
Street Beats, Inc.	$25,000	-$18,776
South Technician Security, Inc.	$25,000	-$18,776
SNB Properties, LLC	$25,000	-$18,776
Pivotal Bridge, LLC	$25,000	-$18,776
Stockwell Enterprises, Inc.	$25,000	-$18,776
Simi 414, Inc.	$25,000	-$18,776
CJB Contracting, Inc.	$25,000	-$18,776
Joe Moorman	$25,000	-$18,776
Design Woodwork and Lamination, Ltd.	$25,000	-$18,776
Southern Charm Country Feed Store, Inc.	$25,000	-$18,776
Evergreen Outdoors, LLC	$25,000	-$18,776
P and P Farms, Inc.	$25,000	-$18,776
Accounting Advisors, Inc.	$25,000	-$18,776
Smith Painting Contractor, Inc.	$25,000	-$18,776
Verlo Mattress of Metro Atlanta, Inc.	$25,000	-$18,776
Marks Machinery, Inc.	$25,000	-$18,776
Twin K Electric, Inc.	$25,000	-$18,776
Total Systems, LLC	$25,000	-$18,776
Woodcock & Associates, Inc.	$25,000	-$18,776
Vonjo Hair Salon	$25,000	-$18,776
Atlanta City Living, LLC	$25,000	-$18,776
Thompson Woodworks, LLC	$25,000	-$18,776
Jema Ventures, LLC	$25,000	-$18,776
AL-Bayyinah, Inc.	$25,000	-$18,776
Law Offices of Michael Smith, LLC	$25,000	-$18,776
Quality Care Professional Transport, LLC	$25,000	-$18,776
Lee County Equipment, LLC	$25,000	-$18,776
Food Equip, Inc.	$25,000	-$18,776
Rick Binifield Insurance Agency, Inc.	$25,000	-$18,776
King Maxim Nail Supply Corporation	$25,000	-$18,776
Renal Associates of Lagrange, LLC	$25,000	-$18,776
CJ Pediatrics, LLC	$25,000	-$18,776
Alana Tucker	$25,000	-$18,776
Alana Tucker	$25,000	-$18,776
Mack Property Management, LLC	$25,000	-$18,776
Prestige Academy Preschool, LLC	$25,000	-$18,776
Richard Ballard Ira, LLC	$25,000	-$18,776
Pak's Karate, Inc.	$25,000	-$18,776
Second Time Around	$25,000	-$18,776
RK United, LLC	$25,000	-$18,776
Hightower Memorial Temple, Inc.	$25,000	-$18,776
Bright Line Learning, LLC	$25,000	-$18,776
Grimes Automotive Machine, Inc.	$25,000	-$18,776
Tubbs Automotive Group, LLC	$25,000	-$18,776
JP Consulting and Events, LLC	$25,000	-$18,776
Central Georgia Region Conference	$25,000	-$18,776
Outdoor Life Landscape Group, Inc.	$25,000	-$18,776
East Metro Rheumatology, LLC	$25,000	-$18,776
Am Claret Textiles, Inc.	$25,000	-$18,776
WBRD, LLC	$25,000	-$18,776
Board Property Management of Georgia, LLC	$25,000	-$18,776
Burris Law Firm, LLC	$25,000	-$18,776
Nancy J. O'Brien, D.M.D.	$25,000	-$18,776
Bbweb, LLC	$25,000	-$18,776
Collins Memorial United Methodist Church	$25,000	-$18,776
Hawkeye Protection Services, LLC	$25,000	-$18,776
Texidea Machinery, Inc.	$25,000	-$18,776
DR. John S Yu Associates, P.C.	$25,000	-$18,776
Beautiful Dollhouse, LLC	$25,000	-$18,776
Sp5star, LLC	$25,000	-$18,776
Metts Law Firm, PC	$25,000	-$18,776
Cleland Consulting Group, LLC	$25,000	-$18,776
Mega Flooring and Design, LLC	$25,000	-$18,776
Our Lady of Vietnam Catholic Church Riverdale in	$25,000	-$18,776
The Mclaughlin Company	$25,000	-$18,776
Half Full Siblings Productions, LLC	$25,000	-$18,776
Mckinnon Enterprise, Inc.	$25,000	-$18,776
Oconee Diesel Center, Inc.	$25,000	-$18,776
Friendship Center of Atlanta, Inc.	$25,000	-$18,776
J & K Morris Machine and Fabrication, LLC	$25,000	-$18,776
Community Center for Unity Restoration and Education, Inc.	$25,000	-$18,776
Pars Outdoor, LLC	$25,000	-$18,776
Limitless Transportation, LLC	$25,000	-$18,776
Bitstep Technologies, Inc.	$25,000	-$18,776
Andrew P. Soulimiotis Fagd, LLC D.M.D.	$25,000	-$18,776
Elliano's Baytree	$25,000	-$18,776
James Augustus	$25,000	-$18,776
Consolidated Packaging Resources, LLC	$25,000	-$18,776
TJ Ward & Associates, Inc.	$25,000	-$18,776
MMD Entertainment, LLC	$25,000	-$18,776
Health One Private in Home-Care Americus, Inc.	$25,000	-$18,776
Vidalia Cleaners, Inc.	$25,000	-$18,776
Unleashed Reiki & Massage Therapy, LLC	$25,000	-$18,776
LA Citadelle Bakery, LLC	$25,000	-$18,776
3 Reasons Carpet Cleaning, LLC	$25,000	-$18,776
Buford Pediatrics, LLC	$25,000	-$18,776
United Lawnscape	$25,000	-$18,776
Made by Major, LLC	$25,000	-$18,776
True Wealth Trade, LLC	$25,000	-$18,776
LZ Technology, LLC	$25,000	-$18,776
Georgia Container Reconditioning	$25,000	-$18,776
Star Travel, Ltd.	$25,000	-$18,776
Whitworth Land Corporation	$25,000	-$18,776
Mimi's Pro Alterations	$25,000	-$18,776
Steven Beatty	$25,000	-$18,776
T Tritt Realty, LLC	$25,000	-$18,776
The Malena Law Firm, LLC	$25,000	-$18,776
Ivy Nails Salon, LLC	$25,000	-$18,776
Baxter Lewis Boykin Law, LLC	$25,000	-$18,776
GMR Construction, LLC	$25,000	-$18,776