Loan data for California revealed as inflation rocks the country

By Golden State Today

Nov 2, 2022

There were 338,469 small businesses in California which received Paycheck Protection Loans (PPP) of $25,000 or under. These 338,469 businesses received $4,528,115,518 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 3,503 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to Martinez Tax & Bookkeeping.

The average loan amount provided to California small businesses was $80,390.

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

Borrower Name	Loan Amount	Difference From Average Loan Amount in CA
Martinez Tax & Bookkeeping	$25,000	-$55,390
Creative Imports, Inc.	$25,000	-$55,390
Garlapati & Chakka Dental Corporation	$25,000	-$55,390
Law Office of J'Aimee L Oxton Professional, CORP	$25,000	-$55,390
Hitachiya USA, Inc.	$25,000	-$55,390
Sekhar Chakka Dental, CORP	$25,000	-$55,390
Mask Systems, Inc.	$25,000	-$55,390
D & E Venture, Inc.	$25,000	-$55,390
Grimley & Tremp, Certified Public Accountants, Inc.	$25,000	-$55,390
Don Love C. L. U. Agency, Inc.	$25,000	-$55,390
Churroholic South Gate, LLC	$25,000	-$55,390
Paul M Hurst Real Estate, LLC	$25,000	-$55,390
Red Bridge Leadership	$25,000	-$55,390
Lax Photo Lab, Inc.	$25,000	-$55,390
My Gourmet Products, Inc.	$25,000	-$55,390
American Freedom Insurance Sales & Services, LLC	$25,000	-$55,390
Amber Star Insurance Services, Inc.	$25,000	-$55,390
T K Nails and Spa, Inc.	$25,000	-$55,390
Joseph R. Cave, a Professional Corporation, D.D.S.	$25,000	-$55,390
It Link	$25,000	-$55,390
Diamond Financial Management, Inc.	$25,000	-$55,390
Hall of Fame, Ltd.	$25,000	-$55,390
David S. Schonfeld a Professional Law Corporation	$25,000	-$55,390
Taiga Furnishings, Inc.	$25,000	-$55,390
Jack Chang & Associates, Inc.	$25,000	-$55,390
Shilpa Diwan MPH, M.D.	$25,000	-$55,390
Eita, LLC	$25,000	-$55,390
Novoneuro, Inc.	$25,000	-$55,390
Etips, Inc.	$25,000	-$55,390
Narek Kazarian	$25,000	-$55,390
Mission Cities Insurance Agency, Inc.	$25,000	-$55,390
BJ Auto Repair, Inc.	$25,000	-$55,390
The Law Offices of Karen L Taillon, APC	$25,000	-$55,390
Count Music, Inc.	$25,000	-$55,390
360 Global Health, Inc.	$25,000	-$55,390
FGF Ohio Filmworks, Inc.	$25,000	-$55,390
LCWC, LLC	$25,000	-$55,390
KSN, Inc.	$25,000	-$55,390
Beach Cities Medical Management, Inc.	$25,000	-$55,390
Niida Enterprises, Inc.	$25,000	-$55,390
Robert Poppleton, C. P. A., a Professional Corporation	$25,000	-$55,390
Bi Rite Carton Company, Inc.	$25,000	-$55,390
Mr Wok Restaurant Corporation	$25,000	-$55,390
Ym Group, Inc.	$25,000	-$55,390
Purtill Family Business	$25,000	-$55,390
Vermin Exterminator Company, Inc.	$25,000	-$55,390
Profound Purpose, LLC	$25,000	-$55,390
Tangelo, LLC	$25,000	-$55,390
Catastrophe Assistance Team, CORP	$25,000	-$55,390
IL Salon Passion Company, Inc.	$25,000	-$55,390
Calitica	$25,000	-$55,390
Madonna Creek Agent, CORP	$25,000	-$55,390
The Hills Church	$25,000	-$55,390
Qbcure, LLC	$25,000	-$55,390
Kugler & Kugler, Inc.	$25,000	-$55,390
Tassajara Landscaping and Maintenance, LLC	$25,000	-$55,390
Michael Schneider, a Professional Corporation, M.D.	$25,000	-$55,390
Quality Shine Maintenance	$25,000	-$55,390
Paragon Resource Group, Inc.	$25,000	-$55,390
Pravin J Kansagra Inc., M.D.	$25,000	-$55,390
Anthony	$25,000	-$55,390
Eita, LLC	$25,000	-$55,390
Inter Speed, Inc.	$25,000	-$55,390
SMR Global, Inc.	$25,000	-$55,390
AJM Anesthesia, Inc.	$25,000	-$55,390
G Arata and Son, Inc.	$25,000	-$55,390
Lorenzos Corporation	$25,000	-$55,390
Furniture Depot I, Inc.	$25,000	-$55,390
EDS Productions, Inc.	$25,000	-$55,390
Retail Reload, Inc.	$25,000	-$55,390
Pei Hong NG	$25,000	-$55,390
Valente, Inc.	$25,000	-$55,390
Vflyer, Inc.	$25,000	-$55,390
Executive Medical Services, Inc.	$25,000	-$55,390
US Best Tutors	$25,000	-$55,390
Antthony of L. A. Design Originals, Inc.	$25,000	-$55,390
Rove Supply Company	$25,000	-$55,390
Bobbie Lee Films, LLC	$25,000	-$55,390
M. Golestan, D.D.S.	$25,000	-$55,390
Oan Enterprise	$25,000	-$55,390
Gliding Shelves, LLC	$25,000	-$55,390
Sumo Systems, Inc.	$25,000	-$55,390
P Intercontinental, Inc.	$25,000	-$55,390
Mai ANH CHTN Nguyen Inc., OD	$25,000	-$55,390
American Steamway, Inc.	$25,000	-$55,390
Dai Nam Spa	$25,000	-$55,390
Andrew Phung Inc., D.D.S.	$25,000	-$55,390
Dogz101, LLC	$25,000	-$55,390
Right Brain Associates	$25,000	-$55,390
Ez Port, Inc.	$25,000	-$55,390
Socal Indoor Advertising, LLC	$25,000	-$55,390
Chad Wanstreet, Inc.	$25,000	-$55,390
Sugarloaf Cottages Resort	$25,000	-$55,390
Sugarloaf Cottages Resort	$25,000	-$55,390
Oscar Padilla Mexican Insurance Services, Inc.	$25,000	-$55,390
Pantheon Project Management	$25,000	-$55,390
JJ Barn Transport, Inc.	$25,000	-$55,390
Fred Khonsari, Medical Corporation	$25,000	-$55,390
Haydenshapes Surfboards	$25,000	-$55,390
K&M Pest Solutions, Inc.	$25,000	-$55,390