Paycheck Protection Program (PPP) Report: Approvals through 12 PM EST 4/16/2020
Summary
This Paycheck Protection Program (PPP) report counts approvals through 12 PM EST 4/16/2020: 1,661,367 loans for $342,277,999,103 in net approved dollars from 4,975 lenders. A note says the net approved dollars do not reflect the amount required for reimbursement to lenders per statute within the CARES Act. Loans of $150K and under made up 74.03% of loans and 17.04% of the amount, and the overall average loan size is $206K. In the state table, TX has the most loans, 134,737, and CA the largest amount, $33,413,693,192. By industry, Construction has the largest amount, $44,906,538,010 (13.12%), and the top-ranked lender by approved dollars approved 27,307 loans for $14,071,396,427.
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Paycheck Protection Program
(PPP) Report
Approvals through 12 PM EST
4/16/2020
Summary
Net Approved
Loan Count Lender Count
Dollars
1,661,367 $342,277,999,103* 4,975
*Net Approved Dollars do not reflect the amount required for reimbursement to
lenders per statute within the CARES Act.
Approvals through 4/16/20
States and Territories
Approved Approved PPP Approved Approved PPP Approved Approved PPP
State PPP Loans Amount State PPP Loans Amount State PPP Loans Amount
AK 4,842 $921,927,504 LA 26,635 $5,100,534,501 OR 18,732 $3,806,104,476
AL 27,922 $4,862,690,120 MA 46,937 $10,360,907,178 PA 69,567 $15,697,648,689
AR 21,754 $2,722,726,557 MD 26,068 $6,537,733,687 PR 2,856 $658,573,638
AS 2 $419,583 ME 14,993 $1,944,425,549 RI 7,732 $1,335,777,801
AZ 19,280 $4,846,959,062 MI 43,438 $10,381,310,070 SC 22,933 $3,807,578,397
CA 112,967 $33,413,693,192 MN 46,383 $9,014,060,040 SD 11,324 $1,369,616,339
CO 41,635 $7,392,960,359 MO 46,481 $7,547,822,023 TN 34,035 $6,542,045,089
CT 18,435 $4,151,934,451 MP 56 $12,619,835 TX 134,737 $28,483,710,273
DC 3,253 $1,247,218,727 MS 20,748 $2,481,000,606 UT 21,257 $3,695,399,459
DE 5,171 $1,090,415,848 MT 13,456 $1,470,300,136 VA 40,371 $8,721,170,223
FL 88,997 $17,863,199,837 NC 39,520 $8,005,752,270 VI 240 $62,242,612
GA 48,332 $9,464,475,442 ND 11,002 $1,548,384,035 VT 6,983 $1,000,127,478
GU 508 $102,418,346 NE 23,477 $2,988,890,489 WA 30,421 $6,959,680,159
HI 11,553 $2,046,450,982 NH 11,582 $2,006,858,477 WI 43,395 $8,317,705,842
IA 29,424 $4,315,688,444 NJ 33,519 $9,527,794,260 WV 7,861 $1,351,223,328
ID 13,627 $1,850,034,026 NM 8,277 $1,424,408,711 WY 7,618 $837,018,372
IL 69,893 $15,972,578,071 NV 8,674 $2,013,939,889
IN 35,990 $7,491,445,351 NY 81,075 $20,345,681,101
KS 26,245 $4,288,652,108 OH 59,800 $14,108,889,927
KY 23,797 $4,149,467,684 OK 35,557 $4,615,708,450
Approvals through 4/16/20
Loan Size
Loan Size Approved Loans Approved Dollars % of
% of Count Amount
$150K and Under 1,229,893 $58,321,791,761 74.03% 17.04%
>$150K - $350K 224,061 $50,926,354,675 13.49% 14.88%
>$350K - $1M 140,197 $80,628,410,796 8.44% 23.56%
>$1M - $2M 41,238 $57,187,983,464 2.48% 16.71%
>$2M - $5M 21,566 $64,315,474,825 1.30% 18.79%
>$5M 4,412 $30,897,983,582 0.27% 9.03%
• Overall average loan size is $206K.
Approvals through 4/16/20
Industry by NAICS Subsector
Approved % of
NAICS Subsector Description Approved Dollars
Loans Amount
Construction 177,905 $44,906,538,010 13.12%
Professional, Scientific, and Technical Services 208,360 $43,294,713,938 12.65%
Manufacturing 108,863 $40,922,240,021 11.96%
Health Care and Social Assistance 183,542 $39,892,493,481 11.65%
Accommodation and Food Services 161,876 $30,500,417,573 8.91%
Retail Trade 186,429 $29,418,369,063 8.59%
Wholesale Trade 65,078 $19,489,410,472 5.69%
Other Services (except Public Administration) 155,319 $17,707,077,167 5.17%
Administrative and Support and Waste Management and Remediation Services 72,439 $15,285,814,286 4.47%
Real Estate and Rental and Leasing 79,784 $10,743,430,227 3.14%
Transportation and Warehousing 44,415 $10,598,076,231 3.10%
Finance and Insurance 60,134 $8,177,041,995 2.39%
Educational Services 25,198 $8,062,652,288 2.36%
Information 22,825 $6,675,630,276 1.95%
Arts, Entertainment, and Recreation 39,670 $4,939,280,138 1.44%
Agriculture, Forestry, Fishing and Hunting 46,334 $4,374,343,877 1.28%
Mining 11,168 $3,894,793,207 1.14%
Public Administration 5,570 $1,197,353,586 0.35%
Management of Companies and Enterprises 3,211 $1,170,748,130 0.34%
Utilities 3,247 $1,027,575,137 0.30%
Approvals through 4/16/20
PPP Lenders – Highest Approved Dollars
Average Approved
Lender Approved Loans Approved Dollars
Size
1 27,307 $14,071,396,427 $515,304
2 32,097 $10,309,843,746 $321,209
3 21,062 $9,612,090,368 $456,371
4 33,594 $7,778,303,458 $231,538
5 27,929 $6,555,028,971 $234,703
6 25,820 $6,114,676,731 $236,819
7 26,238 $6,057,787,355 $230,878
8 10,681 $4,406,088,115 $412,516
9 14,215 $4,356,840,783 $306,496
10 9,457 $4,267,336,254 $451,236
11 12,001 $4,190,129,500 $349,148
12 25,151 $3,889,799,524 $154,658
13 9,673 $3,392,990,074 $350,769
14 10,642 $2,978,045,260 $279,839
15 40,746 $2,966,427,908 $72,803
Approvals through 4/16/20
File and source
- File
- 2020-06_PPP-Deck-copy-508.pdf
- Size
- 214,750 bytes
- SHA-256
- dbc0851dbc2ea0654031dd896a978b7ce5cced4721b1cf1567bb0aa6deb021e5
- Our copy
- 2020-06_PPP-Deck-copy-508.pdf
- Original
- www.sba.gov