Paycheck Protection Program (PPP) Report (Approvals through 05/30/2020)
Summary
A Paycheck Protection Program report of approvals through 05/30/2020, reflecting both rounds of PPP funding and cancellations through that date. It lists 4,475,599 approved loans totalling $510,234,498,923 from 5,454 lenders; lenders with more than $50 B in assets made 1,551,170 loans for $187,506,735,324 (37% of the amount), and lenders under $10 B in assets made $222,849,400,635 (44%). Tables break out round 2 lending, CDFIs and MDIs, smaller banks and non-banks, and loan counts and net dollars for each state and territory, led by CA with 524,172 loans for $66,363,091,119. Loans of $50K and under were 64.6% of the count but 10.5% of the dollars, and the overall average loan size is $114K. By industry, Health Care and Social Assistance received the most, $65,928,653,513, ahead of Professional, Scientific, and Technical Services and Construction.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
Paycheck Protection Program
(PPP) Report
Approvals through 05/30/2020
Summary of PPP Approved Lending
Loan Count Net Dollars Lender Count
4,475,599 $510,234,498,923 5,454
Lender Loan % of
Lender Size Net Dollars
Count Count Amount
>$50 B in Assets 34 1,551,170 $187,506,735,324 37%
$10 B to $50 B in Assets 90 701,693 $99,878,362,965 20%
<$10 B in Assets 5,330 2,222,736 $222,849,400,635 44%
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 05/30/2020 2
PPP Round 2 Lender Segments
Lender Loan
Lender Size Count Count Net Dollars Round 2
Round 2 Round 2
>$50 B in Assets 34 1,215,062 $90,816,278,323
$10 B to $50 B in Assets 90 402,208 $29,226,360,537
<$10 B in Assets 5,320 1,230,357 $66,251,101,598
Approvals through 05/30/2020 3
Lender Segments
CDFI’s and MDI’s
Lender Type Lender Count Loan Count Net Dollars
CDFIs 302 93,437 $7,107,263,195
MDIs 170 107,147 $10,171,884,349
- minus CDFI/MDIs identified in
both groups 49 14,129 $1,471,921,660
Total 423 186,455 $15,807,225,883
Lenders with <$1b Assets and Non-Banks
Lender Type Lender Count Loan Count Net Dollars
Banks (less than $1b) 3,570 964,428 $82,408,858,596
Small Business Lending Companies 14 58,547 $6,296,323,142
Credit Unions (less than $1b) 719 56,152 $2,877,950,179
Fintechs (and other State Regulated) 19 73,937 $2,175,586,901
Farm Credit Lenders 54 13,851 $1,258,709,206
Savings & Loans (less than $1b) 77 10,983 $1,047,171,527
Certified Development Companies 19 5,803 $333,986,862
Non Bank CDFI Funds 8 5,107 $256,097,350
Microlenders 32 5,119 $161,416,216
BIDCOs 1 23 $787,713
Total 4,513 1,193,950 $96,816,887,692
* Loans from CDFI/MDI banks with <$1b Assets and non-bank CDFIs are captured in both tables.
Approvals through 05/30/2020 4
States and Territories
Loan Loan
State Loan Count Net Dollars State Count Net Dollars State Count Net Dollars
AK 10,135 $1,211,029,747 LA 67,142 $7,201,716,457 OR 57,304 $6,772,195,380
AL 60,909 $6,112,333,061 MA 106,126 $14,167,776,556 PA 156,443 $20,456,338,186
PR 31,419 $1,718,588,944
AR 40,591 $3,280,578,818 MD 73,506 $9,805,567,647
RI 16,158 $1,851,641,511
AS 132 $6,860,666 ME 25,721 $2,215,851,252
SC 58,851 $5,637,682,539
AZ 74,409 $8,446,594,216 MI 113,487 $15,689,012,295
SD 21,154 $1,641,088,140
CA 524,172 $66,363,091,119 MN 92,090 $11,027,450,349
TN 85,617 $8,806,987,658
CO 98,072 $10,202,797,396 MO 86,457 $9,022,939,369 TX 356,757 $40,163,384,025
CT 56,123 $6,592,532,219 MP 362 $35,679,198 UT 47,935 $5,190,977,385
DC 11,247 $2,103,048,960 MS 42,359 $3,132,560,496 VA 100,925 $12,378,222,348
DE 11,574 $1,455,386,237 MT 22,124 $1,742,270,456 VI 1,389 $115,252,446
FL 343,442 $30,512,350,550 NC 112,855 $12,218,499,858 VT 11,222 $1,170,104,201
GA 136,687 $13,977,749,017 ND 18,925 $1,744,330,636 WA 92,627 $12,014,072,884
GU 1,950 $191,528,826 NE 40,418 $3,395,027,285 WI 80,341 $9,755,939,820
HI 23,416 $2,450,574,225 NH 22,506 $2,516,773,863 WV 16,376 $1,772,260,451
IA 54,928 $5,009,203,064 NJ 133,366 $16,800,063,375 WY 12,741 $1,017,610,088
ID 28,620 $2,541,120,396 NM 20,608 $2,200,984,024 To be confirmed 176 $7,154,910
IL 183,674 $22,002,678,908 NV 38,259 $4,031,674,600
IN 74,045 $9,359,675,711 NY 290,451 $37,332,202,200
KS 49,375 $4,928,731,185 OH 130,736 $18,136,107,594
KY 45,753 $5,186,086,685 OK 61,412 $5,414,559,493
Approvals through 05/30/2020 5
Loan Size
% of % of
Loan Size Loan Count Net Dollars
Count Amount
$50K and Under 2,892,911 $53,601,900,856 64.6% 10.5%
>$50K - $100K 651,424 $46,401,384,379 14.6% 9.1%
>$100K - $150K 283,506 $34,711,114,170 6.3% 6.8%
>$150K - $350K 368,714 $82,859,930,321 8.2% 16.2%
>$350K - $1M 196,770 $111,974,156,942 4.4% 21.9%
>$1M - $2M 52,577 $72,839,574,524 1.2% 14.3%
>$2M - $5M 24,857 $73,888,784,828 0.6% 14.5%
>$5M 4,840 $33,957,652,904 0.1% 6.7%
* Overall average loan size is: $114K.
Approvals through 05/30/2020 6
Top PPP Lenders
% of Total
Rank Loan Count Net Dollars Average Loan Size
Authority
1 254,512 $28,586,582,257 $112,319 4.3%
2 322,511 $24,876,652,863 $77,134 3.8%
3 72,458 $13,047,110,929 $180,064 2.0%
4 72,348 $12,918,975,156 $178,567 2.0%
5 170,121 $10,192,114,834 $59,911 1.5%
6 78,621 $8,359,046,365 $106,321 1.3%
7 39,206 $8,027,842,402 $204,761 1.2%
8 89,147 $6,980,256,814 $78,301 1.1%
9 43,220 $6,896,453,654 $159,566 1.0%
10 34,649 $6,788,756,086 $195,929 1.0%
11 35,605 $6,501,834,639 $182,610 1.0%
12 35,947 $5,517,455,393 $153,489 0.8%
13 48,663 $5,032,522,687 $103,416 0.8%
14 20,516 $4,763,734,944 $232,196 0.7%
15 42,706 $4,604,881,136 $107,827 0.7%
Approvals through 05/30/2020 7
Industry by NAICS Sector
Loan % of
NAICS Sector Description Net Dollars Amount
Count
Health Care and Social Assistance 470,369 $65,928,653,513 12.96%
Professional, Scientific, and Technical Services 581,708 $65,086,484,846 12.79%
Construction 429,185 $63,441,199,379 12.47%
Manufacturing 218,021 $53,490,261,475 10.51%
Accommodation and Food Services 339,642 $40,907,011,686 8.04%
Retail Trade 416,972 $39,625,529,718 7.79%
Other Services (except Public Administration) 468,297 $29,878,333,377 5.87%
Wholesale Trade 157,079 $27,382,331,546 5.38%
Administrative and Support and Waste Management and Remediation Services 223,910 $26,055,244,298 5.12%
Transportation and Warehousing 152,461 $16,157,416,945 3.18%
Real Estate and Rental and Leasing 221,738 $15,154,047,215 2.98%
Finance and Insurance 154,191 $11,934,915,042 2.35%
Educational Services 73,098 $11,735,623,051 2.31%
Information 63,252 $9,092,576,913 1.79%
Arts, Entertainment, and Recreation 104,445 $7,634,370,139 1.50%
Agriculture, Forestry, Fishing and Hunting 127,465 $7,578,090,541 1.49%
To be confirmed 135,950 $6,038,853,464 1.19%
Mining 20,389 $4,467,023,832 0.88%
Unclassified Establishments 89,536 $3,951,229,266 0.78%
Public Administration 12,359 $1,713,673,248 0.34%
Management of Companies and Enterprises 8,195 $1,548,656,297 0.30%
Utilities 7,337 $1,432,973,132 0.28%
Approvals through 05/30/2020 8
File and source
- File
- 2020-06_PPP_Report_200530.pdf
- Size
- 252,976 bytes
- SHA-256
- 207a7a3430507aa9047e173b226ce1411b0167ba94504e09baf48122807dc91d
- Our copy
- 2020-06_PPP_Report_200530.pdf
- Original
- www.sba.gov