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

By Sunshine Sentinel

Nov 2, 2022

There were 310,553 small businesses in Florida which received Paycheck Protection Loans (PPP) of $25,000 or under. These 310,553 businesses received $3,678,861,109 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 2,175 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to WHO Dey Promotions, Inc..

The average loan amount provided to Florida small businesses was $50,117.

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

Borrower Name	Loan Amount	Difference From Average Loan Amount in FL
WHO Dey Promotions, Inc.	$25,000	-$25,117
M. Stewart & Associates, Inc.	$25,000	-$25,117
M. Stewart & Associates, Inc.	$25,000	-$25,117
Mairead Smialek, LLC	$25,000	-$25,117
Oil 2 U, LLC	$25,000	-$25,117
St. Vincent's Episcopal Church	$25,000	-$25,117
New Borders, LLC	$25,000	-$25,117
Forty4 Holdings, Inc.	$25,000	-$25,117
Camil Consulting, CORP	$25,000	-$25,117
Platinumpro Elite, CORP	$25,000	-$25,117
Tire Guys of Clay, Inc.	$25,000	-$25,117
3B Global, LLC	$25,000	-$25,117
AMS Electronics, Inc.	$25,000	-$25,117
Susan Hudson LSP, Inc.	$25,000	-$25,117
Navaid Technical Services, LLC	$25,000	-$25,117
Nys Finest Pool Service	$25,000	-$25,117
5 Points Furniture and Auction	$25,000	-$25,117
Garrasi, LLC	$25,000	-$25,117
Jae Development Group, LLC	$25,000	-$25,117
Louisville Grads, LLC	$25,000	-$25,117
Mixon Team, LLC	$25,000	-$25,117
Miami Class a Transportation & Tours, Inc.	$25,000	-$25,117
Venetian Nail Spa MMP, LLC	$25,000	-$25,117
Sidonia Parkway, LLC	$25,000	-$25,117
SW3 Consultants, Inc.	$25,000	-$25,117
Professional Accountants & Associates, Inc.	$25,000	-$25,117
Northwest FLA Recovery, Inc.	$25,000	-$25,117
Emerald Shore Enterprises, LLC	$25,000	-$25,117
Miami Food Mart, Inc.	$25,000	-$25,117
Antoine Francois Trading Company International, Inc.	$25,000	-$25,117
Rapp Brewing Company, LLC	$25,000	-$25,117
Getting to Done, LLC	$25,000	-$25,117
Closet Keeps	$25,000	-$25,117
Lake Mary Investments, LLC	$25,000	-$25,117
Carvid Enterprises, Inc.	$25,000	-$25,117
Dag Productions, LLC	$25,000	-$25,117
Investment Property Connection, LLC	$25,000	-$25,117
DLB Yachts, Inc.	$25,000	-$25,117
JJ Stucco & Plastering, LLC	$25,000	-$25,117
Major League Aluminum, Inc.	$25,000	-$25,117
Angels Photography, LLC	$25,000	-$25,117
Subway of Pace, Inc.	$25,000	-$25,117
Johnny's Hot Rod's & Classic's, LLC	$25,000	-$25,117
Law Office of Douglas A. Oberdorfer, P. A.	$25,000	-$25,117
Total Care Consultants, LLC	$25,000	-$25,117
Rehab Medicine Associates of Brevard	$25,000	-$25,117
Brad Brewer Golf Academy, LLC	$25,000	-$25,117
Magnum Engineering, Inc.	$25,000	-$25,117
Pet Lovers Animal Clinic Gables	$25,000	-$25,117
Clayton Company Consultants, LLC	$25,000	-$25,117
Bossy Bundles & Wigs	$25,000	-$25,117
Manreet K Singh PA, D.M.D.	$25,000	-$25,117
The Law Office of Christopher B. Walters, PLLC	$25,000	-$25,117
Axa Communications, LLC	$25,000	-$25,117
New Tampa Liquors & Cigars, Inc.	$25,000	-$25,117
Unicasa Development, Inc.	$25,000	-$25,117
Certified Repair Service Center, Inc.	$25,000	-$25,117
Green Earth Home Comfort, LLC	$25,000	-$25,117
Southern Climate Solutions, LLC	$25,000	-$25,117
Nathan M. O'Brien, P. A., M.D.	$25,000	-$25,117
Giovanni Lupo, Inc.	$25,000	-$25,117
Miller Advisory, CORP.	$25,000	-$25,117
Affordable Rescreening, LLC	$25,000	-$25,117
Coldwater, LLC	$25,000	-$25,117
PPJ Healthcare Enterprises, Inc.	$25,000	-$25,117
The United Fidelis Group, CORP	$25,000	-$25,117
Qubit Marketing, Inc.	$25,000	-$25,117
Nonahood News, LLC	$25,000	-$25,117
Bull Bar, Inc.	$25,000	-$25,117
White Glove Miami, LLC	$25,000	-$25,117
JD Apparel	$25,000	-$25,117
Ken M Sinclair CPA PA	$25,000	-$25,117
Boxofficetoo, Inc.	$25,000	-$25,117
The Mcdowell Company, LLC	$25,000	-$25,117
Elite Autosport, Inc.	$25,000	-$25,117
Community Outreach Center, Inc.	$25,000	-$25,117
Jica, Inc.	$25,000	-$25,117
Pawol Tafya	$25,000	-$25,117
Pet Nation, LLC	$25,000	-$25,117
Black Diamond Goldsmith, Inc.	$25,000	-$25,117
Next Level Builders, LLC	$25,000	-$25,117
Next Level Builders, LLC	$25,000	-$25,117
Informed Marketing Solutions, LLC	$25,000	-$25,117
Lafrance Law P. A.	$25,000	-$25,117
Konavy Food, Inc.	$25,000	-$25,117
Noor Enterprises of Edgewater, LLC	$25,000	-$25,117
Big Tree Entertainment	$25,000	-$25,117
Wellness Clinical Research, LLC	$25,000	-$25,117
Tridente, LLC	$25,000	-$25,117
PTRW	$25,000	-$25,117
Suzette Lee	$25,000	-$25,117
One Body International, Inc.	$25,000	-$25,117
One Body International, Inc.	$25,000	-$25,117
Alladins Magic Carpet Cleaner, LLC	$25,000	-$25,117
Proeducation Solutions, LLC	$25,000	-$25,117
Affordable Painting and Renovation, LLC	$25,000	-$25,117
Tree Hill, Inc.	$25,000	-$25,117
Head of Sales Consulting, Inc.	$25,000	-$25,117
M2a's Improvements, Inc.	$25,000	-$25,117
Cigar City Marketing, LLC	$25,000	-$25,117