PPP lender · derived table
US Bank National Association
US Bank National Association appears in the SBA PPP loan-level file with 21,234 loans and $3.1 billion in approved dollars, an average of $145,060 a loan. That is 0.19% of the 11,468,171 loans the file records, rank 45 of the 500 largest lenders by approved dollars and rank 63 by loan count. Borrowers on those loans reported 304,122 jobs, 14.3 a loan, and $10,128 of approved dollars for each reported job. 1 page in the archive carries the name in a title or description.
Totals
| Loans | 21,234 |
| Approved dollars | $3,080,209,948.47 |
| Average loan | $145,060.28 |
| Share of program loans | 0.1852% |
| Rank by approved dollars | 45 of 500 |
| Rank by loan count | 63 of 500 |
| Jobs reported | 304,122 |
| Jobs per loan | 14.3224 |
| Approved dollars per reported job | $10,128.20 |
| Borrowers | 20,041 |
| Loans per borrower | 1.06 |
| Lender type (archive classification) | Big bank |
| Modeled processing fees | $111,328,750.62 |
| Modeled fees, 2020 first-draw loans | $73,928,889.27 |
| Modeled fees, 2021 first-draw loans | $4,653,190.38 |
| Modeled fees, 2021 second-draw loans | $32,746,670.97 |
| Modeled fee per loan | $5,242.95 |
| Rank by modeled fees | 47 of 4,688 originating lenders |
Loans made by MUFG Union Bank
All 21,234 loans ($3.08 billion) that the SBA file lists under this name at lender location 11822 (San Francisco, CA) were made by MUFG Union Bank, headquartered in San Francisco; 20,430 of the borrowers are in California. MUFG Union Bank merged into U.S. Bank on May 26, 2023 (FDIC BankFind record). U.S. Bank's own PPP loans are listed under a different name, U.S. Bank, National Association.
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 |
|---|---|---|
| BLSQ Management, leadership page Calhoun bio, current role, prior roles at Bayard, Larson Capital, BofA/US Bank | 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.