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

By Show-Me State Times

Nov 2, 2022

There were 72,619 small businesses in Missouri which received Paycheck Protection Loans (PPP) of $25,000 or under. These 72,619 businesses received $880,036,888 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 255 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to Mother and Son Real Estate Services, LLC.

The average loan amount provided to Missouri small businesses was $56,326.

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

Borrower Name	Loan Amount	Difference From Average Loan Amount in MO
Mother and Son Real Estate Services, LLC	$25,000	-$31,326
Hadler Printing Company, Inc.	$25,000	-$31,326
Bigtime Lighting Design, LLC	$25,000	-$31,326
Grain Elevator Equipment, Inc.	$25,000	-$31,326
Other Brother Studios, LLC	$25,000	-$31,326
Mid America Land Services, Inc.	$25,000	-$31,326
Forward Groupco, LLC	$25,000	-$31,326
Mother and Son Real Estate Services, LLC	$25,000	-$31,326
Destiny Worship Center, Inc.	$25,000	-$31,326
Speedie Way, LLC	$25,000	-$31,326
Kingsbury Group, LLC	$25,000	-$31,326
Karham Marketing, Inc.	$25,000	-$31,326
Savvy Bridal, LLC	$25,000	-$31,326
NJ Billing, LLC	$25,000	-$31,326
Womens Health Partner, LLC	$25,000	-$31,326
Fulks Family Farms, LLC	$25,000	-$31,326
Little Sunshines Daycare & Learning	$25,000	-$31,326
Birk Law Firm, LC	$25,000	-$31,326
Leona Mackler, Inc.	$25,000	-$31,326
Strickland Lawn Service, LLC	$25,000	-$31,326
CB Shepherd, Inc.	$25,000	-$31,326
CB Shepherd, Inc.	$25,000	-$31,326
Fineline HR Consulting, LLC	$25,000	-$31,326
Tanner & Son Trucking Company, LLC	$25,000	-$31,326
Wellcare Health Services	$25,000	-$31,326
Springfield Aquatics Swim Club	$25,000	-$31,326
David Taylor Burns DDA, PC	$25,000	-$31,326
Midtown Psychological Services, Inc.	$25,000	-$31,326
Midtown Psychological Services, Inc.	$25,000	-$31,326
A-Bill Glass Service Company a	$25,000	-$31,326
Grandeur Studio, LLC	$25,000	-$31,326
Baragiola Hardware & Lumber, LLC	$25,000	-$31,326
Shaw Brichler & Coleman, Inc.	$25,000	-$31,326
Haidary, LLC	$25,000	-$31,326
Higgins Auto Body	$25,000	-$31,326
North Star Alliance	$25,000	-$31,326
Great Central Electrical and Remodeling, LLC	$25,000	-$31,326
Imagine Dance Project	$25,000	-$31,326
RH White Hauling Company	$25,000	-$31,326
Westphal Consulting, Inc.	$25,000	-$31,326
Spot on Home Improvement, LLC	$25,000	-$31,326
Re-Cell Electronics	$25,000	-$31,326
Cookman Printing Company, Inc.	$25,000	-$31,326
Windows & More, LLC	$25,000	-$31,326
Windows & More, LLC	$25,000	-$31,326
FFL Heart of America, LLC	$25,000	-$31,326
Cox & Son Lumber, LLC	$25,000	-$31,326
Rehoboth Pharmacy, LLC	$25,000	-$31,326
Soccer Dome of Kansas City, Inc.	$25,000	-$31,326
Caring Corners, LLC	$25,000	-$31,326
Cellustars, LLC	$25,000	-$31,326
Samco Transmissions, Inc.	$25,000	-$31,326
CP Transmission & Performance	$25,000	-$31,326
USA Health Plans, LLC	$25,000	-$31,326
Get Well Family Chiropractic	$25,000	-$31,326
R3 Environmental, LLC	$25,000	-$31,326
Tuff Bulk Moving Express	$25,000	-$31,326
BM Trucking, LLC	$25,000	-$31,326
BM Trucking, LLC	$25,000	-$31,326
Summit Ridge Technologies, LLC	$25,000	-$31,326
Mcivan Jones Farms, Inc.	$25,000	-$31,326
Mess Don't Stress	$25,000	-$31,326
JC Miller Trucking, LLC	$25,000	-$31,326
Country Cafe	$25,000	-$31,326
Country Cafe	$25,000	-$31,326
Los Mariachis Mexican Restaurant, LLC	$25,000	-$31,326
Los Mariachis Mexican Restaurant, LLC	$25,000	-$31,326
Clay-Platte Baptist Association	$25,000	-$31,326
Niche, LLC	$25,000	-$31,326
Wild Child Resale, LLC	$25,000	-$31,326
Eric Brady Construction, Inc.	$25,000	-$31,326
Eichel Johnson	$25,000	-$31,326
Larry Miles	$25,000	-$31,326
NJ Billing, LLC	$25,000	-$31,326
Secure Home Health Agency, Inc.	$25,000	-$31,326
Next Century Productions, Inc.	$25,000	-$31,326
Ben's Collision and Customs	$25,000	-$31,326
Cindy's Nail Image, LLC	$25,000	-$31,326
Fine ART, Ltd.	$25,000	-$31,326
Westphal Consulting, Inc.	$25,000	-$31,326
JCO Marketing, LLC	$25,000	-$31,326
Zynergy Financial Group, LLC	$25,000	-$31,326
Hermann/Washington Eye Centers, LLC	$25,000	-$31,326
Fidelity Wealth Management, LLC	$25,000	-$31,326
Ben's Collision & Customs	$25,000	-$31,326
Bridge Hill Eye, LLC	$25,000	-$31,326
TJC Services, LLC	$25,000	-$31,326
TJC Services, LLC	$25,000	-$31,326
Big River Promotional Products, Inc.	$25,000	-$31,326
Roberts Sheet Metal, LLC	$25,000	-$31,326
Webservus Media	$25,000	-$31,326
B&cwestfall, LLC	$25,000	-$31,326
All Pro Lawn Service, LLC	$25,000	-$31,326
Life Skills Learning Center	$25,000	-$31,326
Murphy Realty Group, Inc.	$25,000	-$31,326
Speak-Easy, LLC	$25,000	-$31,326
First Bosnian Produce Company, LLC	$25,000	-$31,326
Osob Roadhouse, LLC	$25,000	-$31,326
Delta Crop & Hail, LLC	$25,000	-$31,326
Red Wok Restaurant, Inc.	$25,000	-$31,326