Paycheck Protection Program (PPP) Report: Second Round Approvals from 4/27/2020 through 05/01/2020
Summary
This Paycheck Protection Program (PPP) report covers second-round approvals from 4/27/2020 through 05/01/2020: 2,211,791 loans for $175,743,247,908 from 5,432 lenders. Lenders with more than $50 B in assets approved 1,027,825 loans for $92,654,879,437, or 53% of the amount, and lenders with under $10 B in assets approved 857,682 loans for $55,520,053,045. Loans of $50K and under made up 70.86% of loans and 16.15% of the amount, and the overall average loan size is $79K. In the state table, CA has the most, 320,156 loans for $33,221,856,619, followed by FL with 185,904 loans. The top-ranked lender approved 238,985 loans for $21,337,936,115.
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Paycheck Protection Program
(PPP) Report: Second Round
Approvalsfrom 4/27/2020 through 05/01/2020
Summary for Second Round
Loan Count Gross Dollars Lender Count
2,211,791 $175,743,247,908 5,432
Lender Approved % of
Lender Size Approved Dollars
Count Loans Amount
>$50 B in Assets 139 1,027,825 $92,654,879,437 53%
$10 B to $50 B in Assets 86 326,284 $27,568,315,426 16%
<$10 B in Assets 5,207 857,682 $55,520,053,045 32%
Lender Approved
Lender Size Approved Dollars
Count Loans
<$1 B Assets and Non-Banks* 4,453 465,590 $27,123,797,293
* Loans in this third table are a subset of loans captured in the second table. Non-
Banks includes CDFI funds, CDC’s, Microlenders, Farm Credit Lenders and FinTechs.
Approvals through 05/01/2020 2
States and Territories for Second Round
Approved Approved Approved
State Loans Approved Dollars State Loans Approved Dollars State Loans Approved Dollars
AK 3,920 $338,700,245 LA 33,014 $2,168,728,927 OR 31,119 $3,026,577,991
AL 26,724 $1,420,911,674 MA 48,768 $4,363,228,611 PA 71,287 $5,379,797,630
AR 15,454 $618,440,796 MD 34,732 $3,232,203,429 PR 19,691 $987,677,005
RI 6,822 $550,410,679
AS 61 $3,652,041 ME 9,026 $317,222,402
SC 28,366 $1,859,562,379
AZ 43,915 $3,700,883,292 MI 60,373 $5,566,493,089
SD 7,835 $279,559,463
CA 320,156 $33,221,856,619 MN 37,267 $2,196,430,755
TN 40,971 $2,408,173,223
CO 46,157 $3,061,726,894 MO 32,252 $1,695,268,247
TX 175,418 $12,789,880,775
CT 29,559 $2,556,813,941 MP 243 $20,469,199
UT 21,751 $1,676,852,890
DC 6,093 $997,969,759 MS 16,757 $658,857,785 VA 46,368 $3,970,159,927
DE 4,872 $366,280,938 MT 7,227 $277,260,266 VI 723 $52,042,710
FL 185,904 $12,220,512,311 NC 56,512 $4,270,668,690 VT 3,724 $191,854,618
GA 64,784 $4,663,014,079 ND 6,575 $229,657,450 WA 50,288 $5,041,408,822
GU 1,029 $83,621,154 NE 13,695 $475,741,827 WI 29,947 $1,679,859,519
HI 7,717 $413,825,280 NH 8,929 $572,892,765 WV 7,042 $460,178,499
IA 19,997 $781,691,743 NJ 77,364 $7,486,962,885 WY 4,222 $195,828,589
ID 12,411 $719,804,044 NM 10,001 $758,792,852 To be confirmed 578 $48,489,398
IL 89,735 $6,578,447,775 NV 21,963 $1,935,918,929
IN 31,757 $2,060,003,401 NY 164,271 $17,607,925,411
KS 18,470 $815,029,924 OH 58,834 $4,712,846,309
KY 18,202 $1,096,947,956 OK 20,919 $877,230,097
Approvals through 05/01/2020 3
Loan Size for Second Round
Approved % of % of
Loan Size Approved Dollars
Loans Count Amount
$50K and Under 1,567,355 $28,388,688,805 70.86% 16.15%
>$50K - $100K 304,561 $21,565,070,866 13.77% 12.27%
>$100K - $150K 121,086 $14,793,771,283 5.47% 8.42%
>$150K - $350K 138,968 $30,739,136,703 6.28% 17.49%
>$350K - $1M 58,758 $32,766,135,277 2.66% 18.64%
>$1M - $2M 13,481 $18,619,762,249 0.61% 10.59%
>$2M - $5M 6,110 $18,121,875,023 0.28% 10.31%
>$5M 1,472 $10,748,807,702 0.07% 6.12%
* Overall average loan size is: $79K.
Approvals through 05/01/2020 4
Top PPP Lenders for Second Round
Average % of Total PPP
Rank Approved Loans Approved Dollars
Approval Size Authority
1 238,985 $21,337,936,115 $89,287 3.9%
2 218,611 $16,307,677,242 $74,597 4.6%
3 113,602 $8,554,412,153 $75,302 1.3%
4 58,017 $4,527,347,629 $78,035 1.1%
5 49,821 $4,364,103,555 $87,596 2.1%
6 28,852 $2,726,599,652 $94,503 2.0%
7 24,396 $2,717,240,627 $111,381 1.1%
8 59,259 $2,626,272,272 $44,319 0.6%
9 11,074 $2,364,850,962 $213,550 0.6%
10 40,067 $2,232,309,897 $55,714 1.3%
11 21,505 $2,180,986,846 $101,602 0.8%
12 31,943 $2,150,254,010 $67,315 0.8%
13 19,229 $2,108,593,078 $109,657 0.5%
14 13,811 $2,105,263,166 $152,434 0.5%
15 62,465 $2,069,860,859 $33,140 0.3%
Approvals through 05/01/2020 5
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