Derived table · Paycheck Protection Program

PPP lender processing fees by lender, loan size and draw, modeled

Name: PPP lender processing fees by lender, loan size and draw, modeled
Creator: Pandemic Darlings
Published: 2026-10-15

One row for each of the 4,689 lenders that originated a disbursed PPP loan, with the SBA processing fee each loan would earn under its fee schedule, summed by loan-size band and by draw. Fees sum to $38.24 billion, the same total as the program-wide fee-schedule table. These are modeled amounts computed from loan sizes, not a ledger of fees the SBA paid.

Rows4689

Columns15

Files1 · 583 KB

FormatCSV

Source vintageSBA PPP FOIA 2024-09-30

Published byPandemic Darlings

Acquired / built2026-10-15

Built fromSBA PPP FOIA loan-level files

SHA-25667c269c0f3b47d025435e68888e4780e05bd4e70c533f97483dec445b76a3807

RightsDerived from U.S. government public data and published fee rules; attribution to Pandemic Darlings requested.

Dictionarydictionary.csv

Download CSV 583 KB Data dictionary CSV At a glance Preview Columns How to use Before you quote a row

At a glance

Measured on the file on 2026-10-15; the checksum above is the file these numbers describe.

Rows4689

Columns15

Keyoriginating_lender · unique

Cells left blank1 of 70,335 · 0.0%

Disbursed loans11,468,206

Disbursed, billions$792.6B

Modeled fees$38.24B

2020 first draw · 2021 first draw · second draw$18.17B · $8.34B · $11.72B

What it is

SBA paid each PPP lender a processing fee set by the size of the loan. The 2020 CARES Act schedule paid 5% on loans up to $350,000, 3% above that and below $2 million, and 1% at $2 million and above. The 2021 Economic Aid Act schedule paid the lesser of $2,500 or 50% on loans of $50,000 or less, then the same 5% and 3%.

The band columns show where each lender's fees came from. Readycap Lending, LLC is modeled at $307.5 million on 106,252 loans, and $169.1 million of it, 55.0%, came from the 86,880 loans of $50,000 or less. JPMorgan Chase Bank, the largest row at $1.79 billion, took 25.2% of its fees from that band. Newtek Small Business Finance, Inc. sits between them: $35.6 million of $87.8 million, 40.6%.

How it was built

Every loan in SBA's FOIA release of September 30, 2024 with a positive current approved amount, and an undisbursed amount below it, is priced on that current approved amount. Loans SBA processed as second draws (processing method PPS) take the second-draw schedule; other loans approved before January 1, 2021 take the 2020 schedule, and the rest the 2021 first-draw schedule. Fees are then summed by the originating lender named on the loan. SBA's file dates the approval of 17 of the second-draw loans, $2,408,796 in all, between April and July 2020. This table prices them on the second-draw schedule, at $97,840.95 in fees, while the program-wide fee-schedule table prices them on the 2020 schedule, at $80,574.70. Both totals round to $38.24 billion; they differ by $17,266.25.

The bands are $50,000 or less; over $50,000 to $350,000; over $350,000 and under $2 million; and $2 million and above. Second-draw loans were capped at $2 million and their schedule has no 1% tier, so a $2 million second-draw loan sits in the top band at 3%.

Preview

originating_lender	loans	amount_usd	modeled_fees_usd	fees_2020_first_draw_usd	fees_2021_first_draw_usd	fees_second_draw_usd	loans_50k_or_less	loans_50k_to_350k	loans_350k_to_2m	loans_2m_and_above	fees_50k_or_less_usd	fees_50k_to_350k_usd	fees_350k_to_2m_usd	fees_2m_and_above_usd
JPMorgan Chase Bank, National Association	452892	44111851716.69	1790545416.25	1093383063.30	104790613.55	592371739.40	297868	132158	20777	2089	451892046.83	808236306.73	445107458.93	85309603.76
Bank of America, National Association	491034	34411968884.59	1491138677.80	946528326.30	40884066.19	503726285.31	361453	114257	13926	1398	480005049.82	654127758.32	301228727.34	55777142.32
Prestamos CDFI, LLC	444780	6849909471.86	1055074365.58	1250674.03	1008967983.72	44855707.83	444485	272	22	1	1053108920.92	1500340.97	390507.84	74595.85
Cross River Bank	478866	12894672292.93	1034618127.00	293983258.23	500222978.94	240411889.83	437981	38571	2295	19	778299863.84	209842858.02	45745345.92	730059.23
Harvest Small Business Finance, LLC	408173	8186742159.75	1002631927.10	39041928.51	641727126.97	321862871.61	401501	5392	1187	93	935166182.07	35697106.81	27143835.64	4624802.58
Capital Plus Financial, LLC	395359	6213416269.31	937325953.93	0.00	818266707.76	119059246.17	394792	455	104	8	930854079.42	2994844.30	3088641.05	388389.16
Benworth Capital	311022	4222794691.53	697409428.02	1139891.01	559253790.82	137015746.20	310285	684	53	0	692311335.34	4105345.22	992747.46	0.00
Wells Fargo Bank, National Association	280717	13777713764.69	690066187.95	420681466.53	79831342.56	189553378.86	223058	52857	4471	331	293098737.90	294195250.98	89469133.98	13303065.09
Fountainhead SBF LLC	272227	4126997776.90	640621923.23	15524081.15	438211430.84	186886411.24	269102	2875	243	7	618181014.90	17207880.65	4953588.58	279439.10
PNC Bank, National Association	119352	17321532877.14	606847472.04	392000388.53	39292025.93	175555057.58	70362	39404	8292	1294	115011206.67	246859654.06	192258490.61	52718120.70

First 10 of 4689 rows · cells longer than 60 characters are cut with an ellipsis · shown as text, unformatted.

Files

File	Rows	Size	SHA-256
`ppp-modeled-lender-fees-by-loan-size.csv` CSV, UTF-8, header row	4,689	597,009 B	67c269c0f3b47d025435e68888e4780e05bd4e70c533f97483dec445b76a3807	Download ↓
`dictionary.csv` data dictionary, 15 rows	15	—	built with this page	Download ↓

Columns

Column	Type, measured	Blank	Distinct	Range / values	Meaning
`originating_lender`	text	1	4,688	JPMorgan Chase Bank, National Associatio (1), Bank of America, National Association (1), Prestamos CDFI, LLC (1)	Originating lender as named in the SBA file. One row has a blank name.
`loans`	integer	0	1,842	1 – 491K · median 400	Disbursed loans originated by the lender.
`amount_usd`	number	0	4,689	2.5K – 44.1B · median 18.7M	Current approved amount of those loans, in dollars.
`modeled_fees_usd`	number	0	4,688	125.00 – 1.8B · median 1.1M	Modeled processing fees on those loans, in dollars (computed from loan amounts, not fees SBA paid).
`fees_2020_first_draw_usd`	number	0	4,620	0.00 – 1.1B · median 452.9K	Modeled fees on first-draw loans approved in 2020, under the CARES Act schedule.
`fees_2021_first_draw_usd`	number	0	4,286	0.00 – 1.0B · median 207.6K	Modeled fees on first-draw loans approved in 2021, under the Economic Aid Act schedule.
`fees_second_draw_usd`	number	0	4,379	0.00 – 592.4M · median 338.5K	Modeled fees on second-draw loans (SBA processing method PPS), under the second-draw schedule; includes 17 loans the SBA file dates to 2020.
`loans_50k_or_less`	integer	0	1,583	0 – 444.5K · median 304	Loans of $50,000 or less.
`loans_50k_to_350k`	integer	0	923	0 – 132.2K · median 64	Loans over $50,000 up to $350,000.
`loans_350k_to_2m`	integer	0	413	0 – 20.8K · median 6	Loans over $350,000 and under $2 million.
`loans_2m_and_above`	integer	0	141	0 – 2.1K · median 0	Loans of $2 million and above.
`fees_50k_or_less_usd`	number	0	4,679	0.00 – 1.1B · median 506.5K	Modeled fees on loans of $50,000 or less.
`fees_50k_to_350k_usd`	number	0	4,534	0.00 – 808.2M · median 369.4K	Modeled fees on loans over $50,000 up to $350,000.
`fees_350k_to_2m_usd`	number	0	3,606	0.00 – 445.1M · median 124.4K	Modeled fees on loans over $350,000 and under $2 million.
`fees_2m_and_above_usd`	number	0	1,685	0.00 – 85.3M · median 0.00	Modeled fees on loans of $2 million and above.

Type, blanks, distinct count, and range are measured on the file. The same table as CSV: dictionary.csv.

How to use it

Specific to this file, measured on it: keys, joins, encodings, units, and the values that will trip a naive count.

Rows are sorted by modeled_fees_usd, largest first. The key is the lender name as the SBA file spells it; one row (28 loans) has no name at all.
The splits add up. The four loans_* columns sum to loans on every row, and the four band fee columns and the three draw fee columns each sum to modeled_fees_usd within five cents.
Money columns are dollars with two decimals. Divide by 1e6 for millions; round before quoting.
LF line endings, UTF-8, 597,009 bytes; lender names that contain commas are quoted.

Before you quote a row

Modeled, not observed. Fees on loans later canceled or found ineligible are not netted out.
Originating lender only. Fees are credited to the lender that originated the loan. Agents and service providers paid out of those fees do not appear, and a loan sold or serviced elsewhere stays with its originator.
Population. 11,468,206 disbursed loans are the 11,468,210 rows of the September 30, 2024 release less 4 rows the disbursement filter removes, the same population as the fee-schedule table.

Cite this table. Name the source vintage; the numbers depend on it.

PPP lender processing fees by lender, loan size and draw, modeled on SBA PPP FOIA loan-level data (2024-09-30 vintage). Pandemic Darlings, https://pandemicdarlings.com/data/ppp-modeled-lender-fees-by-loan-size/, SHA-256 67c269c0f3b47d025435e68888e4780e05bd4e70c533f97483dec445b76a3807