Paycheck Protection Program (PPP) Report through May 23, 2020
Summary
This Paycheck Protection Program (PPP) report counts 4,426,118 loans for $511,231,948,095 in net dollars from 5,511 lenders through 05/23/2020, totals that reflect both rounds of PPP funding and cancellations through the report date. Cancellations include duplicative loans, loans not closed for any reason, and loans that have been paid off. The 40 lenders with more than $50 B in assets made 1,542,644 loans and 37% of the dollars; the 5,378 lenders under $10 B made 2,190,037 loans and 44%. Loans of $50K and under were 64.3% of the count but 10.4% of the dollars, and the overall average loan size is $116K. The largest state line is CA, with 517,371 loans and $66,516,390,881.
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Paycheck Protection Program
(PPP) Report
Approvalsthrough 05/23/2020
Summary of PPP Approved Lending
Loan Count Net Dollars Lender Count
4,426,118 $511,231,948,095 5,511
Lender Loan % of
Lender Size Net Dollars
Count Count Amount
>$50 B in Assets 40 1,542,644 $188,731,827,491 37%
$10 B to $50 B in Assets 93 693,437 $99,947,956,879 20%
<$10 B in Assets 5,378 2,190,037 $222,552,163,725 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 05/23/2020 2
PPP Round 2 Lender Segments
Lender Loan
Net Dollars Round
Lender Size Count Count
2
Round 2 Round 2
$10 B to $50 B in Assets 86 389,970 $28,794,254,655
<$10 B in Assets 5,241 1,108,090 $61,166,068,455
Approvals through 05/23/2020 3
Lender Segments
CDFI’s and MDI’s
Lender Type Lender Count Loan Count Net Dollars
CDFIs 305 94,843 $7,180,070,444
MDIs 171 105,063 $10,149,555,611
- minus CDFI/MDIs identified in
both groups 50 13,749 $1,460,163,966
Total 426 186,157 $15,869,462,088
Lenders with <$1b Assets and Non-Banks
Lender Type Lender Count Loan Count Net Dollars
Banks (less than $1b) 3,581 891,301 $81,462,931,462
Small Business Lending Companies 14 20,703 $3,542,157,709
Credit Unions (less than $1b) 698 54,150 $2,837,522,866
Fintechs (and other State Regulated) 15 93,375 $1,820,257,221
Farm Credit Lenders 53 13,578 $1,253,122,767
Savings & Loans (less than $1b) 76 10,912 $1,046,483,654
Certified Development Companies 21 5,637 $328,337,957
Non Bank CDFI Funds 8 4,653 $216,579,833
Microlenders 32 4,957 $158,157,833
BIDCOs 1 23 $787,713
Total 4,499 1,099,289 $92,666,339,015
* Loans from CDFI/MDI banks with <$1b Assets and non-bank CDFIs are captured
Approvals through 05/23/2020 4
in both tables.
States and Territories
Loan Loan
State Loan Count Net Dollars State Count Net Dollars State Count Net Dollars
AK 10,040 $1,208,770,595 LA 66,398 $7,213,944,766 OR 56,638 $6,773,150,744
AL 60,457 $6,136,772,466 MA 105,819 $14,251,390,112 PA 155,396 $20,516,529,432
AR 40,329 $3,286,789,662 MD 72,427 $9,799,410,559 PR 30,253 $1,707,629,617
RI 16,019 $1,848,577,405
AS 120 $6,607,116 ME 25,615 $2,214,623,728
SC 58,300 $5,643,833,539
AZ 73,739 $8,500,857,972 MI 113,067 $15,714,549,484
SD 20,914 $1,637,955,132
CA 517,371 $66,516,390,881 MN 91,529 $11,005,653,766
TN 84,601 $8,832,113,210
CO 97,328 $10,231,604,713 MO 85,768 $9,031,605,393
TX 352,993 $40,289,668,116
CT 55,515 $6,607,336,710 MP 360 $36,013,357
UT 47,683 $5,237,305,020
DC 11,088 $2,138,250,657 MS 41,955 $3,157,503,548 VA 99,870 $12,402,786,626
DE 11,427 $1,455,089,694 MT 21,988 $1,739,815,188 VI 1,349 $115,631,073
FL 336,539 $30,433,602,779 NC 111,591 $12,244,899,627 VT 11,194 $1,169,519,989
GA 134,566 $13,979,388,621 ND 18,806 $1,748,499,793 WA 91,702 $12,007,919,035
GU 1,925 $192,676,575 NE 40,124 $3,397,206,889 WI 79,736 $9,767,111,608
HI 23,312 $2,473,118,450 NH 22,368 $2,527,832,900 WV 16,219 $1,767,832,494
IA 54,380 $5,026,402,736 NJ 131,696 $16,863,791,540 WY 12,686 $1,017,387,754
ID 28,448 $2,548,578,556 NM 20,431 $2,199,886,051 To be confirmed 177 $7,377,723
IL 181,102 $22,075,994,303 NV 37,712 $4,021,158,951
IN 73,430 $9,379,164,461 NY 286,743 $37,442,694,244
KS 48,945 $4,935,141,752 OH 129,626 $18,150,438,777
KY 45,384 $5,191,746,574 OK 60,920 $5,404,415,629
Approvals through 05/23/2020 5
Loan Size
Loan % of % of
Loan Size Net Dollars
Count Count Amount
$50K and Under 2,846,607 $52,960,366,039 64.3% 10.4%
>$50K - $100K 648,430 $46,191,025,305 14.7% 9.0%
>$100K - $150K 282,880 $34,635,685,927 6.4% 6.8%
>$150K - $350K 368,316 $82,781,572,510 8.3% 16.2%
>$350K - $1M 197,015 $112,148,685,985 4.5% 21.9%
>$1M - $2M 52,785 $73,130,105,931 1.2% 14.3%
>$2M - $5M 25,151 $74,777,636,882 0.6% 14.6%
>$5M 4,934 $34,606,869,516 0.1% 6.8%
* Overall average loan size is: $116K.
Approvals through 05/23/2020 6
Top PPP Lenders
Average Loan % of Total
Rank Loan Count Net Dollars
Size Authority
1 250,782 $28,789,573,885 $114,799 4.4%
2 321,350 $24,895,741,790 $77,472 3.8%
3 73,198 $13,187,309,267 $180,159 2.0%
4 71,144 $13,069,658,575 $183,707 2.0%
5 169,808 $10,242,036,290 $60,315 1.6%
6 77,461 $8,362,377,558 $107,956 1.3%
7 39,172 $8,042,539,072 $205,313 1.2%
8 87,365 $6,926,110,880 $79,278 1.0%
9 42,611 $6,866,961,957 $161,155 1.0%
10 34,378 $6,776,783,599 $197,126 1.0%
11 35,577 $6,501,015,257 $182,731 1.0%
12 35,300 $5,504,074,626 $155,923 0.8%
13 127,391 $5,131,178,105 $40,279 0.8%
14 87,452 $5,096,448,822 $58,277 0.8%
15 48,573 $5,040,823,630 $103,778 0.8%
Approvals through 05/23/2020 7
File and source
- File
- 2020-06_PPP__200523-508.pdf
- Size
- 654,140 bytes
- SHA-256
- 5c4bca90d95114693343176ba2a0ecc57b64aedfd52a3179839cfb064a445c9e
- Our copy
- 2020-06_PPP__200523-508.pdf
- Original
- www.sba.gov