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

By Keystone Today

Nov 2, 2022

There were 109,019 small businesses in Pennsylvania which received Paycheck Protection Loans (PPP) of $25,000 or under. These 109,019 businesses received $1,423,781,004 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 773 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to Capo Transport, Inc..

The average loan amount provided to Pennsylvania small businesses was $87,890.

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

Borrower Name	Loan Amount	Difference From Average Loan Amount in PA
Capo Transport, Inc.	$25,000	-$62,890
Main Line Montessori School, Inc.	$25,000	-$62,890
Scranton Music Academy	$25,000	-$62,890
Connect Thru Cancer	$25,000	-$62,890
Summit View Brethren in Christ Church	$25,000	-$62,890
Bala Thai Bistro	$25,000	-$62,890
Fred J Camaratta CPA, PC	$25,000	-$62,890
Muslim Association of Lehigh Valley	$25,000	-$62,890
Muslim Association of Lehigh Valley	$25,000	-$62,890
Robert A. Claypoole, P. C., D.M.D.	$25,000	-$62,890
Elkins Park Orthodontics, PC	$25,000	-$62,890
DCI AZ, Inc.	$25,000	-$62,890
Vertical Maven Group, LLC	$25,000	-$62,890
Dadao Risk Solutions, LLC	$25,000	-$62,890
Greenock United Meth Church	$25,000	-$62,890
Fennell Brothers Baseball, LLC	$25,000	-$62,890
Moynihan Law, PC	$25,000	-$62,890
Jim's Tire Service	$25,000	-$62,890
Fusion Surgical Solutions, LLC	$25,000	-$62,890
Gibb Consulting, Inc.	$25,000	-$62,890
Heaven Express, LLC	$25,000	-$62,890
Heaven Express, LLC	$25,000	-$62,890
Fanatic Impressions, LLC	$25,000	-$62,890
Family Law Office of	$25,000	-$62,890
Richard Vega Racing Stables	$25,000	-$62,890
Monroe County Historical Association	$25,000	-$62,890
East Coast Vapor, LLC	$25,000	-$62,890
Amy Kernahan, Inc.	$25,000	-$62,890
Cutting Edge Entertainment, Inc.	$25,000	-$62,890
Nick Pollice Plumbing and Construction	$25,000	-$62,890
ASJ Partners, LLC	$25,000	-$62,890
J L D Services, Inc.	$25,000	-$62,890
Compositek, LLC	$25,000	-$62,890
Ernesto's Custom Menswear, LLC	$25,000	-$62,890
Abracadabra Cleaning Services, LLC	$25,000	-$62,890
Early Foundations, Inc.	$25,000	-$62,890
D&K Roofing Company	$25,000	-$62,890
Sudden Cardiac Arrest Network	$25,000	-$62,890
Primary Eyecare Associates, P.C.	$25,000	-$62,890
Steven Schluentz PA, D.D.S.	$25,000	-$62,890
Brothers Shoes, Inc.	$25,000	-$62,890
First Chouce Floors & Installation, Inc.	$25,000	-$62,890
Landbase Systems, CORP	$25,000	-$62,890
Revamp 365	$25,000	-$62,890
Ez Appliance Repair	$25,000	-$62,890
Fleming Insurance Agency, LLC	$25,000	-$62,890
Travel and Education, CORP	$25,000	-$62,890
Aqua Solutions, Inc.	$25,000	-$62,890
Big D Restaurants, LLC	$25,000	-$62,890
Decker Bradburn Attorneys at Law	$25,000	-$62,890
Tritinger Contracting	$25,000	-$62,890
Smoking Aces Trucking, LLC	$25,000	-$62,890
Hagens Electric, Inc.	$25,000	-$62,890
E&C Telecom, CORP	$25,000	-$62,890
Lehman Strickler Insurance Agency, LLC	$25,000	-$62,890
Mike M Transport Corporation	$25,000	-$62,890
TRI State Rehabilitation Medicine, PC	$25,000	-$62,890
Homestretch Transitional Housing, Inc.	$25,000	-$62,890
Animal Resorts, Inc.	$25,000	-$62,890
Detail Bay, LLC	$25,000	-$62,890
Center for Creative ARTS and Play Therapy	$25,000	-$62,890
Gary Olsen Consulting, LLC	$25,000	-$62,890
KMG Global Holdings, LLC	$25,000	-$62,890
Shahidah Kendall	$25,000	-$62,890
Brighton Steel, Inc.	$25,000	-$62,890
Vida Performance, LLC	$25,000	-$62,890
AJM Mechanical, LLC	$25,000	-$62,890
Church Brothers, Inc.	$25,000	-$62,890
Ironside- LLC NA	$25,000	-$62,890
Stearns, Inc.	$25,000	-$62,890
Sparsh Healthcare, PC	$25,000	-$62,890
Brown the Law Firm, LLP	$25,000	-$62,890
Sonny Bea's, LLC	$25,000	-$62,890
Laskowski Family Enterprises, Inc.	$25,000	-$62,890
Raie Professional Services D B a Raie Law, LLC	$25,000	-$62,890
Randal Agency, LLC	$25,000	-$62,890
Spine & Rehab Chiropractic, LLC	$25,000	-$62,890
Indigo Apartments, LLC	$25,000	-$62,890
Anthony J Sacco State Farm Insurance	$25,000	-$62,890
Glad3, CORP	$25,000	-$62,890
Turkey Run Landscaping, LLC	$25,000	-$62,890
Rons Notary Public Agency	$25,000	-$62,890
New Life Cleaners & Launderers, Inc.	$25,000	-$62,890
Fine Cut Interiors, Inc.	$25,000	-$62,890
Tiger Contractors, LLC	$25,000	-$62,890
Bellas Learn & Play Academy, LLC	$25,000	-$62,890
R. L. Adams Heating & Air Conditioning, LLC	$25,000	-$62,890
Bachman's Nursery & Landscrafting Service, LLC	$25,000	-$62,890
Maxie's Brew House, LLC	$25,000	-$62,890
Justmikethepoet, Inc.	$25,000	-$62,890
Shaw Law, LLC	$25,000	-$62,890
Shaw Law, LLC	$25,000	-$62,890
Danielle Darden	$25,000	-$62,890
Danielle Darden	$25,000	-$62,890
Bill's Interior Grooming, Inc.	$25,000	-$62,890
Alan Joseph Home Remodeling	$25,000	-$62,890
Drapes N Scapes	$25,000	-$62,890
Thinkerp, CORP	$25,000	-$62,890
Christ the King Church	$25,000	-$62,890
Christ the King Church	$25,000	-$62,890