Paycheck Protection Program Report through July 10, 2020
Summary
A U.S. Small Business Administration Paycheck Protection Program (PPP) report of approvals through 07/10/2020. Its summary of approved lending shows 4,907,655 loans and $517,417,286,175 in net dollars. It states that the totals reflect both rounds of PPP funding and cancellations through the report date. The report then breaks lending down by lender size, gives Round 2 figures by lender segment, and covers CDFIs and MDIs, smaller lenders, loan sizes and industry by NAICS sector. This report notes that SBA updated its weekly reporting methodology to align with its financial reporting.
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Paycheck Protection Program (PPP) Report Approvals through 07/10/2020 Summary of PPP Approved Lending Loan Count Net Dollars Lender Count 4,907,655 $517,417,286,175 5 454 . Lender Loan % of Lender Size Count Count Net Dollars Amount >$50 B in Assets 34) 1,639,549 $188,294 821,172 36% $10 B to $50 B in Assets 88 742,285 $100,118,534,194 19% <$10 B in Assets 5,332| 2,525,821 $229, 003,930,809 44% SBA has updated its weekly PPP reporting methodology to improve consistency with the agency’s financial reporting. Totals reflect both rounds of PPP funding and cancellations, decreases and partial cancellations through the report date. Cancellations include duplicative loans, loans not closed for any reason, and loans that have been fully paid off. Approvals through 07/10/2020 2 PPP Round 2 Lender Segments Lender Loan Lender Size Count Count Net Dollars Round 2 Round 2 Round 2 >$50 B in Assets 34] 1,304,595 $92,959,906,318 $10 B to $50 B in Assets 88 443,145 $30,129,879, 789 <$10 B in Assets 5,323} 1,538,691 $74,133,606,502 Lender Loan Lender Group Count Count Net Dollars Round 2 Round 2 Round 2 CDFls 303 71,293 $3,163,601 ,494 CDFI lenders and associated loans are also captured in the <S10 billion or less lender asset size. Approvals through 07/10/2020 3 Lender Segments CDFI’s and MDI’s Lender Type Lender Count Loan Count Net Dollars CDFls 106,269 S7,342,856,435 MDIs 171 119,217 $10,263,492,873 - minus CDFI/MDIs identified in both groups 50 15,567 $1,483,885,270 Total 424 209,919 $16,122,464,038 Lenders with <$1b Assets and Non-Banks Lender Type Lender Count Loan Count Net Dollars Banks (less than $1b) 3,558 1,061,058 S84,387,946,083 Small Business Lending Companies 14 59,316 $6,281,523,800 Fintechs (and other State Regulated) 19 162,388 $4,478,790,748 Credit Unions (less than $1b) 722 63,238 $3,023,347,928 Farm Credit Lenders 54 15,198 $1,331,480,207 Savings & Loans (less than $1b) 77 11,450 $1,034,586,436 Certified Development Companies 19 7,566 $380,783,395 Non Bank CDFI Funds 8 8,047 $332,403,986 Microlenders 32 7,115 S$208,007,293 BIDCOs 1 24 $791,088 Total 4,504 1,395,400} $101,459,660,966 * Loans from CDFI/MDI banks with <$1b Assets and non-bank CDFls are captured in both tables. Approvals through 07/10/2020 4 SBA oe | Loan Size Loan Size Loan Count Net Dollars $590K and Under 3,289,259 $58,924,317 ,548 67.0% 11.4% >$50K - $100K 673,105 $47,925,204 ,459 13.7% 9.3% >$100K - $150K 290,329 $35,534,531 ,720 5.9% 6.9% >$150K - $350K 374,674 $84,089,961,753 7.6% 16.3% >$350K - $1M 198,518} $112,914,656,802 4.0% 21.8% >$1M - $2M 92,931 $73,475,210,072 1.1% 14.2% >$2M - $5M 24,164 $71,909,398,898 0.5% 13.9% >$5M 4,675 $32,644,004,921 0.1% 6.3% Approvals through 07/10/2020 6 J * Overall average loan size is: $105K. Industry by NAICS Sector or Loan % of NAICS Sector Description Count Net Dollars Amount Health Care and Social Assistance 508,145 $66, 781,156,115 12.91% Professional, Scientific, and Technical Services 641,118 $65,943,363,570 12.74% Construction 468,156 $64, 113,731,038 12.39% Manufacturing 230,003 $53,696, 102,072 10.38% Accommodation and Food Services 368,311 $41,874,859,061 8.09% Retail Trade 451,441 $40,080,460,085 7.75% Other Services (except Public Administration) 535,476 $30,876,639,581 5.97% Wholesale Trade 167,698 $27 ,506,682,339 5.32% Administrative and Support and Waste Management and Remediation Services 241,866 $26,205,302,079 5.06% Transportation and Warehousing 194,794 $16,913,955,937 3.27% Real Estate and Rental and Leasing 247,091 $15,420, 146,121 2.98% Finance and Insurance 169,475 $12,000,306,409 2.32% Educational Services 81,800 $11,894,209,521 2.30% Unclassified Establishments 221,914 $9,833,348,981 1.90% Information 69,358 $9,205,660,921 1.78% Arts, Entertainment, and Recreation 119,310 $7,971,161,316 1.54% Agriculture, Forestry, Fishing and Hunting 139,729 $7,876,179,303 1.52% Mining 21,616 $4,469, 100,815 0.86% Public Administration 13,459 $1,728,736,616 0.33% Management of Companies and Enterprises 8,937 $1,551,745,946 0.30% Utilities 7,958 $1,474,438, 348 0.28% Approvals through 07/10/2020 8 ee | BA ED ” Amount of Funding Remaining $132,189,028,196 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 07/10/2020 9
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