Loan data for Hawaii revealed as inflation rocks the country

By Aloha State News

Nov 2, 2022

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.

Top 100 Hawaii Businesses Which Received PPP Loans $25,000 or Lower

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