There were 15,507 small businesses in Hawaii which received Paycheck Protection Loans (PPP) of $25,000 or under. These 15,507 businesses received $193,635,830 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration
Loans of $25,000 were provided to 113 businesses.
The largest loan underneath the $25,000 threshold was $25,000, given to Forefront Inspections, LLC.
The average loan amount provided to Hawaii small businesses was $85,989.
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 HI |
|---|---|---|
| Forefront Inspections, LLC | $25,000 | -$60,989 |
| Island Feet, LLC | $25,000 | -$60,989 |
| Faith Action for Community Equity | $25,000 | -$60,989 |
| Makana Kauai Properties, LLC | $25,000 | -$60,989 |
| HI-Technician Hawaii, LLC | $25,000 | -$60,989 |
| JH Construction, Inc. | $25,000 | -$60,989 |
| Lands Enterpises, Inc. | $25,000 | -$60,989 |
| Maui Land Surveyors, LLC | $25,000 | -$60,989 |
| K T Mataele Contractors, LLC | $25,000 | -$60,989 |
| Lake Pacific Realty, CORP. | $25,000 | -$60,989 |
| B Y Kang CPA, LLC | $25,000 | -$60,989 |
| Jireh Media, LLC | $25,000 | -$60,989 |
| Z Mana, LLC | $25,000 | -$60,989 |
| Pacific Star, Inc. | $25,000 | -$60,989 |
| Solaria, LLC | $25,000 | -$60,989 |
| Blue Lake Properties, LLC | $25,000 | -$60,989 |
| Kapalili Initiations, Inc. | $25,000 | -$60,989 |
| Sekido & Ha, Inc. | $25,000 | -$60,989 |
| Island Dream Productions, LLC | $25,000 | -$60,989 |
| Gitc, Inc. | $25,000 | -$60,989 |
| JD Welding Enterprise, LLC | $25,000 | -$60,989 |
| Hawaiian Miso & Soy Company, Ltd. | $25,000 | -$60,989 |
| LH Kailua, LLC | $25,000 | -$60,989 |
| Lee International Properties | $25,000 | -$60,989 |
| Paws for a Moment, LLC | $25,000 | -$60,989 |
| Kent Davenport, Inc., M.D. | $25,000 | -$60,989 |
| Dang-Ha Brother, LLC | $25,000 | -$60,989 |
| Law Offices of Eric St. Young ALC | $25,000 | -$60,989 |
| Forefront Inspections, LLC | $25,000 | -$60,989 |
| Paradise Watersports, LLC | $25,000 | -$60,989 |
| Kapolei Clean Sweep, Inc. | $25,000 | -$60,989 |
| Danielle Morron | $25,000 | -$60,989 |
| Primary One Source | $25,000 | -$60,989 |
| Precision Project Solutions | $25,000 | -$60,989 |
| Lucky Cat Properties Group, LLC | $25,000 | -$60,989 |
| H & L Ohana Investment, LLC | $25,000 | -$60,989 |
| Putnam Installation Company, Inc. | $25,000 | -$60,989 |
| 510 Sisters, LLC | $25,000 | -$60,989 |
| Penmar Hawaii Corporation | $25,000 | -$60,989 |
| Island Residential Services, LLC | $25,000 | -$60,989 |
| Meador Enterprises, Inc. | $25,000 | -$60,989 |
| Green Island, LLC | $25,000 | -$60,989 |
| Lab Services, Inc. | $25,000 | -$60,989 |
| Coconut Thai & Chinese Cuisine, Inc. | $25,000 | -$60,989 |
| Kauai Vehicle Service Center, Inc. | $25,000 | -$60,989 |
| Chase Pacific Corporation | $25,000 | -$60,989 |
| Knopp Anesthesia, LLC | $25,000 | -$60,989 |
| Aloha Pixels, LLC | $25,000 | -$60,989 |
| Couture Nails & Spa, LLC | $25,000 | -$60,989 |
| Law Offices of Neal K. Aoki, LLC | $25,000 | -$60,989 |
| D. Wade Kelley, LLC | $25,000 | -$60,989 |
| Iljae Corporation | $25,000 | -$60,989 |
| J. L Builders, LLC | $25,000 | -$60,989 |
| Hale Realty, Inc. | $25,000 | -$60,989 |
| LTN, LLC | $25,000 | -$60,989 |
| Law Offices of Colin K. K. Goo | $25,000 | -$60,989 |
| Spine Care Hawaii Incorporated | $25,000 | -$60,989 |
| Frenchy’s Paradise, Inc. | $25,000 | -$60,989 |
| Lihue Christian Church | $25,000 | -$60,989 |
| Ho’oku Consulting Engineers, LLC | $25,000 | -$60,989 |
| Infectious Disease Consultants of Hawaii, LLC | $25,000 | -$60,989 |
| Eye Care International, Inc. | $25,000 | -$60,989 |
| Blondies Sandwich Shop, LLC | $25,000 | -$60,989 |
| Formosa, Inc. | $25,000 | -$60,989 |
| Joo Investment, CORP | $25,000 | -$60,989 |
| Kelvin I Uto, Inc. | $25,000 | -$60,989 |
| Seawind Realty, Inc. | $25,000 | -$60,989 |
| Hawaii Smart Car Rentals, LLC | $25,000 | -$60,989 |
| Thomas H. Maeda, JR Inc., M.D. | $25,000 | -$60,989 |
| Richard H Tamaru LLC D.M.D. | $25,000 | -$60,989 |
| Leahi Health, LLC | $25,000 | -$60,989 |
| Asato Hospitality Group, LLC | $25,000 | -$60,989 |
| Hideaways Pizza Pub, Inc. | $25,000 | -$60,989 |
| Pacific Finishes, LLC | $25,000 | -$60,989 |
| Hammerhead Spearguns, CORP | $25,000 | -$60,989 |
| M G Hawaii, Inc. | $25,000 | -$60,989 |
| Clyde G. C. Mew, M. SchoolD., Inc., D.D.S. | $25,000 | -$60,989 |
| AL & JL, LLC | $25,000 | -$60,989 |
| Flo’s Min Florist, Inc. | $25,000 | -$60,989 |
| James K. Nakamura, Inc., M.D. | $25,000 | -$60,989 |
| Resource Mapping Hawaii, LLC | $25,000 | -$60,989 |
| Jennifer Vinson | $25,000 | -$60,989 |
| Hideaways Pizza Pub, Inc. | $25,000 | -$60,989 |
| Enkay Accounting, LLC | $25,000 | -$60,989 |
| Sakamoto Landscaping & Maintenance, LLC | $25,000 | -$60,989 |
| CDA Ventures, LLC | $25,000 | -$60,989 |
| A&Z Enterprises, Inc. | $25,000 | -$60,989 |
| Divino Ritmo Dance | $25,000 | -$60,989 |
| Reeo Kim Inc., M.D. | $25,000 | -$60,989 |
| Robert W. Abrew, Cpas, Inc. | $25,000 | -$60,989 |
| Enano, LLC | $25,000 | -$60,989 |
| SS Auto Repair Limited Liabili | $25,000 | -$60,989 |
| ABC Auto Center, Inc. | $25,000 | -$60,989 |
| Periodontics, a Professional Corporation | $25,000 | -$60,989 |
| R. Clay Sutherland, a Law Corporation | $25,000 | -$60,989 |
| Fit Soul, Inc. | $25,000 | -$60,989 |
| Custom Audio, Inc. | $25,000 | -$60,989 |
| Custom Audio, Inc. | $25,000 | -$60,989 |
| Fotobaby, Inc. | $25,000 | -$60,989 |
| Cubaires, LLC | $25,000 | -$60,989 |
