Paycheck Protection Program (PPP) Report (Approvals through 05/16/2020)
Summary
A Paycheck Protection Program report of approvals through 05/16/2020, covering both rounds of PPP funding net of cancellations. It counts 4,341,145 approved loans worth $513,271,137,359 from 5,496 lenders; lenders with more than $50 B in assets made 1,527,604 loans for 37% of the dollars, and lenders under $10 B made 2,133,643 for 43%. CDFIs and MDIs approved 173,267 loans for $15,526,879,715. California led the states with 505,798 loans for $66,500,354,602, followed by TX with 346,839. Loans of $50K and under were 63.7% of the count but 10.1% of the dollars, and the overall average loan size was $118K.
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Paycheck Protection Program
(PPP) Report
Approvals through 05/16/2020
Summary of PPP Approved Lending
Loan Count Approved Dollars Lender Count
4,341,145 $513,271,137,359 5,496
Lender Approved % of
Lender Size Approved Dollars
Count Loans Amount
>$50 B in Assets 41 1,527,604 191,704,934,773 37%
$10 B to $50 B in Assets 93 679,898 99,930,243,092 19%
<$10 B in Assets 5,362 2,133,643 221,635,959,494 43%
Totals reflect both rounds of PPP funding and cancellations through the report date.
Cancellations do include duplicative loans, loans not closed for any reason, and loans that
have been paid off.
Approvals through 05/16/2020 2
PPP Round 2 Lender Segments
Lender Approved
Lender Size Count Loans Approved Dollars Round 2
Round 2 Round 2
$10 B to $50 B in Assets 93 380,446 $28,627,209,083
<$10 B in Assets 5,361 1,135,624 $63,960,481,693
Approvals through 05/16/2020 3
Lender Segments
CDFI’s and MDI’s
Approved Dollars
Lender Type Lender Count Loan Count Approved Dollars
Round 2
CDFIs 305 88,027 $6,962,071,823 $2,726,203,495
MDIs 122 94,869 $9,745,206,684 $3,903,268,535
- minus CDFI/MDIs identified in both
groups 28 9,629 $1,180,398,792 $563,213,932
Total 399 173,267 $15,526,879,715 $6,066,258,098
Lenders with <$1b Assets and Non-Banks
Lender Type Lender Count Loan Count Approved Dollars
Banks (less than $1b) 3,578 873,093 $81,063,775,003
Small Business Lending Companies 14 20,245 $3,526,581,658
Credit Unions (less than $1b) 692 52,373 $2,806,493,942
Fintechs (and other State Regulated) 15 84,573 $1,706,155,535
Farm Credit Lenders 53 13,199 $1,223,931,416
Savings & Loans (less than $1b) 76 10,768 $1,047,471,570
Certified Development Companies 19 5,447 $323,086,525
Non Bank CDFI Funds 8 4,068 $190,393,668
Microlenders 32 4,586 $151,864,514
BIDCOs 1 27 $796,065
Total 4,488 1,068,379 $92,040,549,897
* Loans from CDFI/MDI banks with <$1b Assets and non-bank CDFIs are captured in both tables.
Approvals through 05/16/2020 4
States and Territories
Approved Approved Approved
State Loans Approved Dollars State Loans Approved Dollars State Loans Approved Dollars
AK 9,890 $1,243,284,491 LA 65,158 $7,218,312,417 OR 55,882 $6,835,721,738
AL 59,570 $6,170,632,822 MA 104,415 $14,295,657,394 PA 153,537 $20,762,406,584
AR 39,694 $3,286,177,392 MD 70,364 $9,810,223,415 PR 28,419 $1,695,960,902
RI 15,857 $1,857,053,019
AS 100 $6,020,337 ME 25,420 $2,230,439,306
SC 57,179 $5,644,571,896
AZ 72,523 $8,563,928,791 MI 111,773 $15,778,056,406
SD 20,608 $1,637,061,030
CA 505,798 $66,500,354,602 MN 90,315 $11,010,690,044
TN 82,768 $8,839,243,231
CO 96,285 $10,312,546,432 MO 84,497 $9,086,784,291
TX 346,839 $40,470,177,091
CT 54,559 $6,656,038,715 MP 336 $34,902,412 UT 47,046 $5,273,873,612
DC 10,804 $2,166,021,316 MS 41,147 $3,151,130,230 VA 97,659 $12,459,519,011
DE 11,199 $1,453,444,170 MT 21,703 $1,732,243,726 VI 1,260 $112,608,137
FL 325,845 $30,341,950,424 NC 109,032 $12,269,542,063 VT 11,124 $1,173,166,322
GA 131,085 $14,026,631,738 ND 18,599 $1,759,593,477 WA 90,505 $12,114,695,863
GU 1,792 $192,244,312 NE 39,655 $3,402,588,298 WI 78,490 $9,801,182,572
HI 22,733 $2,458,559,376 NH 22,084 $2,538,217,516 WV 15,972 $1,766,029,138
IA 53,419 $5,040,518,493 NJ 128,638 $16,960,906,906 WY 12,546 $1,021,746,840
ID 28,125 $2,562,518,017 NM 20,192 $2,213,562,644 To be confirmed 185 $7,710,771
IL 176,819 $22,156,267,843 NV 36,799 $4,000,175,316
IN 72,543 $9,442,058,522 NY 281,058 $37,798,829,252
KS 48,230 $4,951,595,045 OH 128,316 $18,392,976,510
KY 44,705 $5,190,320,598 OK 60,050 $5,392,464,543
Approvals through 05/16/2020 5
Loan Size
Approved % of % of
Loan Size Approved Dollars
Loans Count Amount
$50K and Under 2,764,582 $51,887,290,078 63.7% 10.1%
>$50K - $100K 644,259 $45,907,851,290 14.8% 8.9%
>$100K - $150K 282,221 $34,556,740,347 6.5% 6.7%
>$150K - $350K 368,505 $82,842,933,567 8.5% 16.1%
>$350K - $1M 197,741 $112,599,464,898 4.6% 21.9%
>$1M - $2M 53,142 $73,630,589,334 1.2% 14.3%
>$2M - $5M 25,624 $76,215,389,190 0.6% 14.8%
>$5M 5,071 $35,630,878,655 0.1% 6.9%
* Overall average loan size is: $118K.
Approvals through 05/16/2020 6
Top PPP Lenders
Average Approval % of Total
Rank Approved Loans Approved Dollars
Size Authority
1 253,562 $29,222,448,553 $115,248 4.4%
2 314,613 $25,239,980,440 $80,225 3.8%
3 73,264 $13,680,070,872 $186,723 2.1%
4 68,558 $12,951,395,081 $188,912 2.0%
5 166,972 $10,377,435,293 $62,151 1.6%
6 42,586 $8,935,219,984 $209,816 1.4%
7 76,239 $8,435,606,544 $110,647 1.3%
8 85,065 $6,962,933,085 $81,854 1.1%
9 34,122 $6,915,340,275 $202,665 1.0%
10 41,695 $6,834,172,457 $163,909 1.0%
11 35,574 $6,572,140,696 $184,746 1.0%
12 34,197 $5,503,272,964 $160,929 0.8%
13 84,586 $5,061,206,544 $59,835 0.8%
14 48,065 $5,027,574,560 $104,599 0.8%
15 20,417 $4,853,717,997 $237,729 0.7%
Approvals through 05/16/2020 7
File and source
- File
- 2020-05_PPP_Report_Net_200518.pdf
- Size
- 258,590 bytes
- SHA-256
- 46568e9ab99010fe32d324d24f6517924f21aa50756a4815d5d2c541b5df32c6
- Original
- www.sba.gov