Paycheck Protection Program (PPP) Report (Approvals through 07/17/2020)
Summary
The SBA's Paycheck Protection Program report for approvals through 07/17/2020 counts 4,950,649 loans worth $518,327,703,308 from 5,455 lenders. Lenders with over $50 B in assets made $188,605,925,865 of that (36%), and lenders under $10 B in assets $229,470,996,101 (44%). Loans of $50K and Under were 67.3% of the count but 11.5% of the dollars; the overall average loan size is $105K. JPMorgan Chase Bank led with $28,967,469,659 across 271,809 loans, ahead of Bank of America and PNC Bank. California had the most loans, 590,512 worth $67,585,019,038. Health Care and Social Assistance was the largest sector at 12.92% of the amount. $131,344,933,136 in funding remained, including a $10 billion CDFI set-aside.
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Paycheck Protection Program
(PPP) Report
Approvals through 07/17/2020
Summary of PPP Approved Lending
Loan Count Net Dollars Lender Count
4,950,649 $518,327,703,308 5,455
Lender % of
Lender Size Loan Count Net Dollars
Count Amount
>$50 B in Assets 34 1,648,774 $188,605,925,865 36%
$10 B to $50 B in Assets 88 747,513 $100,250,781,343 19%
<$10 B in Assets 5,333 2,554,362 $229,470,996,101 44%
Approvals through 07/17/2020 2
PPP Round 2 Lender Segments
Lender Count Loan Count
Lender Size Net Dollars Round 2
Round 2 Round 2
>$50 B in Assets 34 1,313,895 $93,292,523,971
$10 B to $50 B in Assets 88 448,403 $30,260,559,879
<$10 B in Assets 5,325 1,567,347 $74,642,742,103
Lender Count Loan Count
Lender Group Net Dollars Round 2
Round 2 Round 2
CDFIs 303 72,260 $3,176,501,813
CDFI lenders and associated loans are also captured in the <$10 billion or less lender asset size.
Approvals through 07/17/2020 3
Lender Segments
CDFI’s and MDI’s
Lender Type Lender Count Loan Count Net Dollars
CDFIs 303 107,232 $7,354,383,668
MDIs 171 119,807 $10,271,888,044
- minus CDFI/MDIs identified in both
groups
50 15,643 $1,485,507,186
Total 424 211,396 $16,140,764,526
Lenders with <$1b Assets and Non-Banks
Lender Type Lender Count Loan Count Net Dollars
Banks (less than $1b) 3,555 1,064,733 $84,395,781,141
Small Business Lending Companies 14 59,425 $6,238,469,523
Fintechs (and other State Regulated) 19 172,107 $4,625,280,289
Credit Unions (less than $1b) 722 63,886 $3,033,675,831
Farm Credit Lenders 54 15,274 $1,339,156,034
Savings & Loans (less than $1b) 77 11,506 $1,035,946,798
Certified Development Companies 19 7,659 $384,630,812
Non Bank CDFI Funds 8 8,163 $327,149,244
Microlenders 32 7,289 $211,229,097
BIDCOs 1 24 $791,088
Total 4,501 1,410,066 $101,592,109,858
* Loans from CDFI/MDI banks with <$1b Assets and non-bank CDFIs are captured in both tables.
Approvals through 07/17/2020 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 11,292 $1,269,252,925 LA 74,917 $7,353,669,015 OR 63,529 $6,961,326,243
AL 66,782 $6,177,310,842 MA 114,025 $14,199,740,606 PA 167,342 $20,544,205,736
AR 42,707 $3,310,044,457 MD 82,555 $9,942,533,463 PR 38,206 $1,801,336,864
AS 257 $10,896,458 ME 27,462 $2,244,521,700 RI 17,275 $1,872,848,917
AZ 82,037 $8,588,509,562 MI 122,415 $15,858,455,385 SC 63,930 $5,708,274,426
CA 590,512 $67,585,019,038 MN 98,900 $11,178,508,074 SD 22,707 $1,673,785,670
CO 105,260 $10,320,559,943 MO 92,364 $9,125,029,451 TN 94,556 $8,879,690,494
CT 61,759 $6,660,241,934 MP 476 $38,701,183 TX 395,240 $40,793,515,720
DC 12,687 $2,120,933,495 MS 46,365 $3,161,674,513 UT 51,035 $5,227,567,611
DE 12,645 $1,495,648,158 MT 23,250 $1,764,330,241 VA 110,477 $12,485,210,180
FL 400,241 $31,607,602,457 NC 123,523 $12,143,358,511 VI 1,909 $124,389,979
GA 160,449 $14,363,437,728 ND 19,907 $1,766,402,653 VT 12,021 $1,190,186,040
GU 2,166 $191,498,467 NE 42,875 $3,423,607,702 WA 102,509 $12,306,902,505
HI 24,671 $2,464,885,408 NH 24,052 $2,546,527,036 WI 86,372 $9,838,585,829
IA 59,100 $5,091,039,492 NJ 149,630 $17,129,704,802 WV 17,450 $1,779,831,908
ID 30,354 $2,580,741,248 NM 22,105 $2,239,344,960 WY 13,312 $1,043,031,490
IL 205,280 $22,367,299,330 NV 42,890 $4,128,222,200 To be confirmed 139 $6,057,463
IN 79,812 $9,458,041,385 NY 329,145 $38,174,153,011
KS 52,329 $5,005,532,435 OH 141,748 $18,316,809,674
KY 48,856 $5,244,619,499 OK 64,840 $5,442,547,791
Approvals through 07/17/2020 5
Loan Size
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 3,329,546 $59,456,564,396 67.3% 11.5%
>$50K - $100K 674,655 $48,033,280,967 13.6% 9.3%
>$100K - $150K 290,916 $35,607,450,269 5.9% 6.9%
>$150K - $350K 375,142 $84,195,346,587 7.6% 16.2%
>$350K - $1M 198,601 $112,957,915,129 4.0% 21.8%
>$1M - $2M 52,941 $73,480,767,180 1.1% 14.2%
>$2M - $5M 24,170 $71,930,084,062 0.5% 13.9%
>$5M 4,678 $32,666,294,719 0.1% 6.3%
* Overall average loan size is: $105K.
Approvals through 07/17/2020 6
Top PPP Lenders
Average Loan % of Total
Rank Lender Name Loan Count Net Dollars
Size Authority
1 JPMorgan Chase Bank 271,809 $28,967,469,659 $106,573 4.4%
2 Bank of America 336,740 $25,340,596,942 $75,253 3.8%
3 PNC Bank 72,859 $12,955,868,763 $177,821 2.0%
4 Truist Bank 79,720 $12,582,992,464 $157,840 1.9%
5 Wells Fargo Bank 186,355 $10,407,964,093 $55,850 1.6%
6 TD Bank 83,542 $8,472,030,395 $101,410 1.3%
7 KeyBank 41,633 $8,130,249,142 $195,284 1.2%
8 U.S. Bank 101,777 $7,434,252,299 $73,045 1.1%
9 Zions Bank 46,919 $6,942,171,587 $147,961 1.1%
10 M&T Bank 34,677 $6,770,646,488 $195,249 1.0%
11 Huntington Bank 37,162 $6,506,988,291 $175,098 1.0%
12 Cross River Bank 155,154 $5,713,847,544 $36,827 0.9%
13 Fifth Third Bank 38,348 $5,366,693,854 $139,947 0.8%
14 Citizens Bank 49,874 $4,833,281,622 $96,910 0.7%
15 BMO Harris Bank 21,504 $4,806,790,687 $223,530 0.7%
Approvals through 07/17/2020 7
Industry by NAICS Sector
NAICS Sector Description Loan Count Net Dollars % of Amount
Health Care and Social Assistance 512,206 $66,942,567,077 12.92%
Professional, Scientific, and Technical Services 647,433 $66,095,154,606 12.75%
Construction 472,414 $64,315,830,491 12.41%
Manufacturing 231,368 $53,778,861,389 10.38%
Accommodation and Food Services 371,015 $42,010,801,843 8.11%
Retail Trade 454,488 $40,172,967,818 7.75%
Other Services (except Public Administration) 542,193 $30,940,953,069 5.97%
Wholesale Trade 168,307 $27,427,266,244 5.29%
Administrative and Support and Waste Management and Remediation Services 243,606 $26,189,153,604 5.05%
Transportation and Warehousing 199,741 $16,995,561,582 3.28%
Real Estate and Rental and Leasing 249,701 $15,483,034,564 2.99%
Finance and Insurance 171,265 $12,021,374,317 2.32%
Educational Services 82,858 $11,891,981,009 2.29%
Unclassified Establishments 219,877 $9,671,039,696 1.87%
Information 69,988 $9,239,654,504 1.78%
Arts, Entertainment, and Recreation 121,055 $8,012,233,842 1.55%
Agriculture, Forestry, Fishing and Hunting 140,725 $7,900,499,076 1.52%
Mining 21,758 $4,477,468,783 0.86%
Public Administration 13,652 $1,739,905,922 0.34%
Management of Companies and Enterprises 8,966 $1,541,522,409 0.30%
Utilities 8,033 $1,479,871,462 0.29%
Approvals through 07/17/2020 8
Amount of Funding Remaining
$131,344,933,136
Available funds captures approvals net of cancellations as well as loan
increases, decreases, and reinstatements. This amount accounts for statutory
program costs. This amount also includes $10 billion PPP CDFI set aside.
Approvals through 07/17/2020 9
File and source
- File
- 2020-07_PPP_Report-2020-07-19.pdf
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- 706,056 bytes
- SHA-256
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- Original
- www.sba.gov