PPP lender · derived table
Cross River Bank
Profile → Cross River Bank
Cross River Bank appears in the SBA PPP loan-level file with 478,866 loans and $12.9 billion in approved dollars, an average of $26,928 a loan. That is 4.2% of the 11,468,171 loans in our per-lender totals (39 fewer than the 11,468,210 in the SBA file), rank 7 of the 500 largest lenders by approved dollars and rank 2 by loan count. Borrowers on those loans reported 1,438,370 jobs, 3.0 a loan, and $8,965 of approved dollars for each reported job. 36 pages in the archive carry the name in a title or description.
Totals
| Loans | 478,866 |
| Approved dollars | $12,894,672,292.93 |
| Average loan | $26,927.52 |
| Share of program loans | 4.1756% |
| Rank by approved dollars | 7 of 500 |
| Rank by loan count | 2 of 500 |
| Jobs reported | 1,438,370 |
| Jobs per loan | 3.0037 |
| Approved dollars per reported job | $8,964.78 |
| Borrowers | 435,287 |
| Loans per borrower | 1.1 |
| Lender type (archive classification) | Fintech / BaaS bank |
| Modeled processing fees | $1,034,617,269.10 |
| Modeled fees, 2020 first-draw loans | $293,984,900.33 |
| Modeled fees, 2021 first-draw loans | $500,222,978.94 |
| Modeled fees, 2021 second-draw loans | $240,409,389.83 |
| Modeled fee per loan | $2,160.56 |
| Rank by modeled fees | 4 of 4,688 originating lenders |
Named in the archive
36 pages in the archive carry 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.
Cases
Each case below is listed because a filing in it carries this lender's name in its title or description; the listing is not a finding against the lender.
- Wax v. Cross River Bank — U.S. District Court, District of New Jersey8 filings listed below
- Harborview Capital Partners, LLC v. Cross River Bank — D.N.J.2 filings listed below
- In re KServicing Wind Down Corp., et al. — U.S. Bankruptcy Court, D. Del.5 filings listed below
- In re: Paycheck Protection Program (PPP) Agent Fees Litigation, MDL No. 29505 filings listed below
- United States v. Dustin Sean McCabe — S.D. Fla., No. 9:24-cr-80103-AMC
- USA v. Thomas et al — Carla Jackson judgment, N.D. Ga.
- United States v. Alexandra Acosta — S.D. Fla., No. 0:23-cr-60170-RNS
- United States v. Andre Lee Gaines — U.S. District Court, N.D. Ga.
- United States v. Andre Lorquet — S.D. Fla., No. 1:22-cr-20326-KMM
- United States v. Antonio D. Hosey — U.S. District Court, N.D. Ga.
- United States v. Bernard Okojie — S.D. Ga., No. 4:22-cr-00084-LGW-BWC
- United States v. Denesseria Slaton — PPP case, N.D. Ga., Atlanta Division
- United States v. Eric Dean Sheppard — S.D. Fla., No. 1:22-cr-20290-BB
Filings and documents
Borrowers' public filings
Lottery.com Inc. reported that its $493,225 PPP note with Cross River Bank, dated May 1, 2020, and its accrued interest "was forgiven by the U.S. Small Business Administration" in full on August 24, 2021 (Lottery.com Inc. — Form 10-K/A, fiscal year ended December 31, 2024).
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.