PPP lender · derived table
BMO Bank National Association
BMO Bank National Association appears in the SBA PPP loan-level file with 65,941 loans and $10.3 billion in approved dollars, an average of $156,946 a loan. That is 0.58% of the 11,468,171 loans in our per-lender totals (39 fewer than the 11,468,210 in the SBA file), rank 12 of the 500 largest lenders by approved dollars and rank 28 by loan count. Borrowers on those loans reported 1,014,568 jobs, 15.4 a loan, and $10,201 of approved dollars for each reported job.
Totals
| Loans | 65,941 |
| Approved dollars | $10,349,152,086.09 |
| Average loan | $156,945.63 |
| Share of program loans | 0.575% |
| Rank by approved dollars | 12 of 500 |
| Rank by loan count | 28 of 500 |
| Jobs reported | 1,014,568 |
| Jobs per loan | 15.386 |
| Approved dollars per reported job | $10,200.55 |
| Borrowers | 59,786 |
| Loans per borrower | 1.103 |
| Lender type (archive classification) | Big bank |
| Modeled processing fees | $349,817,167.54 |
| Modeled fees, 2020 first-draw loans | $225,178,928.33 |
| Modeled fees, 2021 first-draw loans | $21,334,844.45 |
| Modeled fees, 2021 second-draw loans | $103,303,394.76 |
| Modeled fee per loan | $5,305 |
| Rank by modeled fees | 21 of 4,688 originating lenders |
Loans made by Bank of the West
29,703 loans ($4.24 billion) that the SBA file lists under this name at lender location 14315 (San Francisco, CA) were made by Bank of the West, headquartered in San Francisco; most loans went to borrowers in California (17,828) and Colorado (3,593). Bank of the West merged into BMO Harris Bank on February 2, 2023 (FDIC BankFind record).
These loans are counted in the totals above.
Named in the archive
1 page in the archive carries this name in a title or description. The match is on the page title and description, not a finding about the lender's role in the case.
| Date | Page | Section |
|---|---|---|
| Objection of George L. Miller, Chapter 7 Trustee, to Joint Motion of Hilco Trading, LLC and BMO Bank N.A. | Source documents |
Data and method
Totals come from SBA's PPP loan-level file (FOIA release of 2024-09-30); ranks are among its 4,688 named originating lenders. Modeled fees are computed loan by loan from SBA's published fee schedule, because SBA never published what it paid each lender. Jobs are self-reported; dollars are approved, not disbursed; the totals leave out 39 source rows. The per-lender totals page has the full method.