Derived table · Federal Reserve facilities
PPP fees against Federal Reserve funding, fifteen lenders
Benworth Capital earned $697.41 million in modeled SBA processing fees on the PPP loans it originated. Its Federal Reserve PPPLF balance peaked at $4.20 billion: 16.6 cents of fee per dollar of peak Fed funding, second among the fifteen lenders here to Lendistry, whose $483.43 million peak was smaller than its $521.08 million of fees. Harvest Small Business Finance earned $1.00 billion against an $11.52 billion peak, 8.7 cents. The Loan Source earned $866,573 against a $9.16 billion peak; its own originations were 192 loans and $22.4 million.
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At a glance
Measured on the file on 2026-10-15; the checksum above is the file these numbers describe.
institution_rssd · uniqueWhat it is
One row for each of fifteen PPP lenders that borrowed from the Paycheck Protection Program Liquidity Facility. Each row holds the PPP loans and dollars the lender originated under its own name, the SBA processing fees modeled on those loans, and the lender's PPPLF advances, peak balance and peak date. Two ratios join the sides: fee per dollar of peak Fed funding, and peak Fed funding as a share of the lender's own origination volume.
The share runs past 100% for six nonbank lenders: Harvest 140.7%, Fountainhead 113.5%, Prestamos 104.6%, Capital Plus 103.0%, Benworth 99.4% and Itria 98.0% sit at or near it, and The Loan Source stands at 40945.9%. A lender could pledge PPP loans it bought from other originators, so its Fed balance can exceed what it originated. The four banks ran lower: Celtic 73.1%, Customers 76.0%, Cross River 77.6%, WebBank 86.3%.
The fees are modeled, not paid: the SBA schedule applied to each loan's amount and draw, as the fee table this page is built from describes. Cross River Bank's $1.03 billion of modeled fees against a $10.01 billion peak is 10.3 cents per dollar. Lendistry's $521.08 million against a $483.43 million peak is 1.08 dollars of fee per dollar of peak, because its Fed balance stayed small beside its originations.
How it was built
The PPPLF side is the lender's row in the combined disclosure table: advances, gross, peak and peak date, keyed on the Federal Reserve RSSD. The fee side is the lender's row in the modeled fee table, keyed on the originating-lender name the SBA file prints; the fifteen pairs were matched by name and checked by loan count. A lender is a bank when its RSSD files a call report in the FFIEC bulk file for the quarter-end on or before its peak date, and a nonbank otherwise.
Fee per dollar of peak = modeled fees divided by peak balance. Peak as a share of own volume = peak balance divided by the lender's originated PPP dollars, in percent with one decimal. Rows are sorted by peak balance, largest first.
Preview
| institution_rssd | institution_name | originating_lender | lender_type | ppp_loans | ppp_amount_usd | modeled_sba_fees_usd | ppplf_n_advances | ppplf_gross_advances_usd | ppplf_peak_outstanding_usd | ppplf_peak_date | peak_pct_of_ppp_amount | fees_per_dollar_peak |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5500251 | PPPLF HARVEST SMALL BUS FNC | Harvest Small Business Finance, LLC | nonbank | 408173 | 8186742159.75 | 1002631927.10 | 120 | 12727880180.55 | 11518536906.04 | 2021-06-30 | 140.7 | 0.0870 |
| 3783313 | CROSS RIVER BK | Cross River Bank | bank | 478866 | 12894672292.93 | 1034618127.00 | 309 | 18805308340.69 | 10011245136.22 | 2021-04-30 | 77.6 | 0.1033 |
| 5511408 | PPPLF THE LOAN SOURCE | Loan Source Incorporated | nonbank | 192 | 22374421.63 | 866572.89 | 1063 | 36179541720.92 | 9161408154.17 | 2021-06-30 | 40945.9 | 0.0001 |
| 5503636 | PPPLF PRESTAMOS CDFI | Prestamos CDFI, LLC | nonbank | 444780 | 6849909471.86 | 1055074365.58 | 127 | 7170529098.55 | 7162941713.30 | 2021-07-31 | 104.6 | 0.1473 |
| 5511314 | PPPLF CAPITAL PLUS | Capital Plus Financial, LLC | nonbank | 395359 | 6213416269.31 | 937325953.93 | 205 | 6459179299.43 | 6397994161.64 | 2021-07-31 | 103.0 | 0.1465 |
| 2354985 | CUSTOMERS BK | Customers Bank | bank | 249661 | 6330041848.56 | 558207417.99 | 204 | 7368139542.66 | 4811009450.02 | 2020-09-30 | 76.0 | 0.1160 |
| 5502433 | PPPLF ITRIA VENTS LLC | Itria Ventures LLC | nonbank | 172831 | 4867055202.52 | 473404806.06 | 208 | 4905099619.79 | 4770125283.35 | 2021-05-31 | 98.0 | 0.0992 |
| 5499672 | PPPLF FOUNTAINHEAD SBF LLC | Fountainhead SBF LLC | nonbank | 272227 | 4126997776.90 | 640621923.23 | 362 | 5486440402.63 | 4685738180.74 | 2021-05-31 | 113.5 | 0.1367 |
| 5501164 | PPPLF BENWORTH CAP PTNRS LLC | Benworth Capital | nonbank | 311022 | 4222794691.53 | 697409428.02 | 150 | 4304482271.81 | 4197908018.65 | 2021-07-31 | 99.4 | 0.1661 |
| 2998576 | CELTIC BK CORP | Celtic Bank Corporation | bank | 167201 | 4494635837.48 | 233058941.75 | 147 | 3652475078.10 | 3284050754.79 | 2021-03-31 | 73.1 | 0.0710 |
| 2576134 | WEBBANK | WebBank | bank | 119182 | 3184249932.86 | 214544212.14 | 256 | 3650686437.50 | 2747159896.48 | 2021-04-30 | 86.3 | 0.0781 |
| 5509834 | PPPLF READYCAP LEND LLC | Readycap Lending, LLC | nonbank | 106252 | 4778836112.24 | 307457260.52 | 181 | 2384538667.61 | 2286623735.40 | 2021-06-30 | 47.8 | 0.1345 |
| 5505014 | PPPLF KABBAGE | Kabbage, Inc. | nonbank | 179818 | 3323050755.34 | 188098216.27 | 136 | 1622821666.00 | 1519227119.00 | 2020-08-31 | 45.7 | 0.1238 |
| 5511912 | PPPLF MBE CAP PTNRS LLC | MBE Capital Partners | nonbank | 36633 | 822686411.26 | 69826320.99 | 128 | 850824048.14 | 728579526.13 | 2021-06-30 | 88.6 | 0.0958 |
| 5514593 | PPPFL BSD CAPITAL | BSD Capital, LLC dba Lendistry | nonbank | 206724 | 3996635264.50 | 521082199.42 | 157 | 590205797.00 | 483433836.00 | 2021-07-31 | 12.1 | 1.0779 |
First 15 of 15 rows · cells longer than 60 characters are cut with an ellipsis · shown as text, unformatted.
Files
| File | Rows | Size | SHA-256 | |
|---|---|---|---|---|
ppplf-fee-join-by-lender.csvCSV, UTF-8, header row | 15 | 2,434 B | 8653b459db3a417bb05bc6be6f9fda3850b7765a54679d267f92f8065b979aa4 | Download ↓ |
dictionary.csvdata dictionary, 13 rows | 13 | — | built with this page | Download ↓ |
Columns
| Column | Type, measured | Blank | Distinct | Range / values | Meaning |
|---|---|---|---|---|---|
institution_rssd | integer | 0 | 15 | 2.4M – 5.5M · median 5.5M | Federal Reserve RSSD identifier of the PPPLF borrower. |
institution_name | text | 0 | 15 | PPPLF HARVEST SMALL BUS FNC (1), CROSS RIVER BK (1), PPPLF THE LOAN SOURCE (1) | Name as the Fed's disclosures print it. |
originating_lender | text | 0 | 15 | Harvest Small Business Finance, LLC (1), Cross River Bank (1), Loan Source Incorporated (1) | Name as the SBA loan-level file prints the originating lender. |
lender_type | text | 0 | 2 | nonbank (11), bank (4) | bank if the RSSD files an FFIEC call report at the peak quarter; nonbank otherwise. |
ppp_loans | integer | 0 | 15 | 192 – 478.9K · median 206.7K | PPP loans originated under this name in the SBA loan-level file. |
ppp_amount_usd | number | 0 | 15 | 22.4M – 12.9B · median 4.5B | Current approval amount of those loans, dollars. |
modeled_sba_fees_usd | number | 0 | 15 | 866.6K – 1.1B · median 521.1M | SBA processing fees modeled on those loans, dollars. |
ppplf_n_advances | integer | 0 | 15 | 120 – 1.1K · median 181 | Distinct PPPLF advances across the 70 disclosures. |
ppplf_gross_advances_usd | number | 0 | 15 | 590.2M – 36.2B · median 4.9B | Original amounts of those advances added up, dollars. |
ppplf_peak_outstanding_usd | number | 0 | 15 | 483.4M – 11.5B · median 4.7B | Largest PPPLF balance on any one report date, dollars. |
ppplf_peak_date | text | 0 | 7 | 2021-06-30 (4), 2021-07-31 (4), 2021-04-30 (2) | Report date of that peak. |
peak_pct_of_ppp_amount | number | 0 | 15 | 12.10 – 40.9K · median 88.60 | Peak balance as a percentage of ppp_amount_usd, one decimal. |
fees_per_dollar_peak | number | 0 | 15 | 0.00 – 1.08 · median 0.12 | modeled_sba_fees_usd divided by ppplf_peak_outstanding_usd, four decimals. |
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.
- Fifteen rows, not the facility. The 787 PPPLF borrowers are in the combined table; these fifteen are the lenders with PPP origination records under their own names that the site's lender articles follow.
- The ratio is a comparison, not a profit figure. Fees are origination-side and modeled; the Fed balance is at the pledging institution and may include loans bought from others.
- Sorted by peak balance, largest first. Sort on
fees_per_dollar_peakfor the fee view: Lendistry, then Benworth, then Prestamos. - LF line endings, UTF-8, 2,434 bytes.
Before you quote a row
- Modeled fees. The SBA schedule applied to loan amounts, not a ledger of fees the SBA paid; interest and forgiveness income are not in the table.
- Purchased loans. The Loan Source, Itria and Kabbage rows carry Fed balances above their own originations; a share above 100% means pledged loans came from other originators.
- Type by call report. MBE Capital Partners and Lendistry are nonbank by this test; Customers Bank, Cross River, Celtic and WebBank file call reports.
- Peak dates differ. Each lender's peak is its own report date, from September 30, 2020 for Customers Bank to July 31, 2021 for Prestamos, Capital Plus, Benworth and Lendistry.
PPPLF fee join: modeled SBA processing fees against peak Federal Reserve PPPLF funding, fifteen PPP lenders. Pandemic Darlings, https://pandemicdarlings.com/data/ppplf-fee-join-by-lender/, SHA-256 8653b459db3a417bb05bc6be6f9fda3850b7765a54679d267f92f8065b979aa4