Paycheck Protection Program (PPP) Report: Second Round, Approvals from 4/27/2020 through 05/08/2020
Summary
This Paycheck Protection Program (PPP) report covers second-round approvals from 4/27/2020 through 05/08/2020: 2,571,167 loans for $188,943,588,568 from 5,463 lenders. Lenders with more than $50 B in assets made 1,235,413 loans for $100,030,386,202, or 53% of the dollars, and lenders with less than $10 B in assets made 972,611 loans for $59,970,117,870, or 32%. Loans of $50K and under were 73.26% of the count but 20.70% of the dollars, and the overall average loan size is $73K. By state, CA leads with 376,803 loans for $35,802,231,257. CDFI's and MDI's together account for 103,458 loans and $6,212,503,648, and fintechs (and other state regulated) lenders made 69,423 loans for $1,341,127,776.
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Paycheck Protection Program
(PPP) Report: Second Round
Approvals from 4/27/2020 through 05/08/2020
Summary for Second Round
Loan Count Gross Dollars Lender Count
2,571,167 $188,943,588,568 5,463
Lender Approved Approved % of
Lender Size
Count Loans Dollars Amount
>$50 B in Assets 148 1,235,413 $100,030,386,202 53%
$10 B to $50 B in Assets 86 363,143 $28,943,084,497 15%
<$10 B in Assets 5,229 972,611 $59,970,117,870 32%
Approvals through 05/08/2020 2
Lender Segments for Second Round
CDFI’s and MDI’s
Lender Type Lender Count Loan Count Gross Dollars
CDFI's 302 50,492 $2,770,808,950
MDI's 122 59,056 $4,023,783,819
Both 28 6,090 $582,089,121
Total 396 103,458 $6,212,503,648
Lenders with <$1b Assets and Non-Banks
Lender Type Lender Count Loan Count Gross Dollars
Banks (less than $1b) 3,568 427,489 $23,608,869,339
Small Business Lending Companies 13 15,400 $2,265,997,737
Credit Unions (less than $1b) 691 33,499 $1,396,194,337
Fintechs (and other State Regulated) 15 69,423 $1,341,127,776
Farm Credit Lenders 53 8,896 $543,660,514
Savings & Loans (less than $1b) 76 4,796 $270,714,471
Non Bank CDFI Funds 8 3,994 $185,307,067
Certified Development Companies 19 3,495 $183,030,847
Microlenders 31 3,707 $118,378,252
BIDCOs 1 24 $743,805
Total 4,475 570,723 $29,914,024,145
* Loans from CDFI/MDI’s banks with <$1b Assets and non-bank CDFI’s are
Approvals through 05/08/2020 3
captured in both tables
States and Territories for Second Round
Approved Approved Approved Approved Approved Approved
State Loans Dollars State Loans Dollars State Loans Dollars
AK 4,750 $368,180,450 LA 37,186 $2,271,563,428 OR 35,751 $3,217,222,676
AL 30,647 $1,525,755,462 MA 56,506 $4,678,358,510 PA 81,093 $5,740,967,808
AR 17,401 $663,435,916 MD 41,378 $3,556,949,724 PR 23,787 $1,053,976,529
RI 7,960 $593,188,486
AS 87 $4,966,444 ME 10,287 $345,125,193
SC 33,061 $2,019,303,964
AZ 51,317 $4,012,653,804 MI 66,790 $5,822,149,865
SD 8,991 $307,098,234
CA 376,803 $35,802,231,257 MN 42,863 $2,351,171,512
TN 46,905 $2,613,261,852
CO 52,785 $3,267,353,381 MO 36,808 $1,806,239,740
TX 204,762 $13,860,253,758
CT 34,629 $2,725,531,573 MP 259 $21,052,640
UT 24,733 $1,771,010,637
DC 7,216 $1,065,656,193 MS 19,614 $708,706,077 VA 54,989 $4,337,890,876
DE 5,667 $395,884,847 MT 8,121 $297,612,268 VI 913 $61,469,771
FL 222,570 $13,410,559,155 NC 66,677 $4,696,588,382 VT 4,152 $204,865,767
GA 78,008 $5,117,317,474 ND 7,461 $246,267,563 WA 58,149 $5,394,106,824
GU 1,206 $93,721,567 NE 15,647 $513,129,973 WI 34,118 $1,785,329,072
HI 10,414 $487,023,393 NH 10,228 $611,995,492 WV 7,897 $485,847,921
IA 23,191 $855,528,382 NJ 90,970 $8,027,542,309 WY 4,804 $215,303,718
ID 14,051 $763,899,867 NM 11,565 $818,989,209 To be confirmed 188 $7,899,524
IL 101,905 $6,973,556,382 NV 26,516 $2,097,112,541
IN 35,624 $2,173,039,568 NY 190,052 $18,789,434,045
KS 21,106 $873,817,925 OH 66,359 $4,945,138,628
KY 20,394 $1,159,401,378 OK 23,856 $929,949,637
Approvals through 05/08/2020 4
Loan Size for Second Round
Approved % of % of
Loan Size Approved Dollars
Loans Count Amount
$50K and Under 1,877,950 $32,856,427,350 73.26% 20.70%
>$50K - $100K 331,866 $23,470,699,187 12.95% 14.79%
>$100K - $150K 130,073 $15,887,602,486 5.07% 10.01%
>$150K - $350K 147,602 $32,631,473,177 5.76% 20.56%
>$350K - $1M 61,646 $34,365,428,096 2.40% 21.65%
>$1M - $2M 14,130 $19,530,467,793 0.55% 12.30%
>$2M - $5M 6,352 $18,857,362,992 0.25% 11.88%
>$5M 1,548 $11,344,127,488 0.06% 7.15%
* Overall average loan size is: $73K.
Approvals through 05/08/2020 5
Top PPP Lenders for Second Round
Approved Approved Average % of Total
Rank
Loans Dollars Approval Size Authority
1 290,431 $23,216,152,604 $79,937 4.2%
2 226,698 $16,913,077,494 $74,606 4.7%
3 156,694 $10,267,646,590 $65,527 1.6%
4 62,491 $4,622,468,110 $73,970 1.1%
5 51,971 $4,450,545,080 $85,635 2.2%
6 33,662 $3,238,240,048 $96,199 2.1%
7 75,166 $3,129,948,175 $41,640 0.6%
8 26,382 $2,739,199,927 $103,828 1.1%
9 47,174 $2,478,373,747 $52,537 1.3%
10 12,033 $2,429,130,347 $201,872 0.6%
11 23,471 $2,252,706,197 $95,978 0.9%
12 34,668 $2,234,360,969 $64,450 0.8%
13 52,668 $2,187,863,607 $41,541 0.4%
14 20,869 $2,183,347,867 $104,622 0.5%
15 14,373 $2,156,339,343 $150,027 0.5%
Approvals through 05/08/2020 6
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