Paycheck Protection Program (PPP) Report Approvals through 07/17/2020
Summary
A U.S. Small Business Administration Paycheck Protection Program (PPP) report of approvals through 07/17/2020. Its summary of approved lending shows 4,950,649 loans from 5,455 lenders. 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 the top lenders.
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S BA U.S. Small Bus iness Administrat ion Paycheck Protection Program (PPP) Report Approvals through 07/17/2020 Summary of PPP Approved Lending Loan Count Net Dollars Lender Count 4,950,649 $518,327 ,703,308 5,455 . Lender Lender Size Loan Count Net Dollars Count >$50 B in Assets 34 1,648,774! $188,605,925,865 36% $10 B to $50 B in Assets 88 747,513 | $100,250,781,343 19% <$10 B in Assets 5,333 2,554,362 | $229,.470,996,101 44% Approvals through 07/17/2020 2 ae | SBA ee J PPP Round 2 Lender Segments Lender Count Loan Count Lender Size Round 2 Round 2 Net Dollars Round 2 >$50 B in Assets 34 1,313,895 $93,292,523,971 $10 B to $50 B in Assets 88 448,403 $30,260,559,879 <$10 B in Assets 5,325 1,567,347 $74,642,742,103 Lender Count Loan Count Lender Group Round 2 Round 2 Net Dollars Round 2 CDFls 303 72,260 $3,176,501,813 CDFI lenders and associated loans are also captured in the <S10 billion or less lender asset size. Approvals through 07/17/2020 3 ae | SBA ee J Lender Segments CDFI’s and MDI’s Lender Type Lender Count Loan Count Net Dollars CDFls 303 107,232 $7,354,383,668 MDIs 171 119,807 | $10,271,888,044 minus anny ee in both 50 15,643 $1,485,507,186 Total 424 211,396 | $16,140,764,526 Lenders with <$1b Assets and Non-Banks Lender Type Lender Count Loan Count Net Dollars Banks (less than $1b) 3,555 1,064,733 $84,395,781,141 Small Business Lending Companies 14 59,425 $6,238,469,523 Fintechs (and other State Regulated) 19 172,107 $4,625,280,289 Credit Unions (less than $1b) 722 63,886 $3,033,675,831 Farm Credit Lenders 54 15,274 $1,339,156,034 Savings & Loans (less than $1b) 77 11,506 $1,035,946,798 Certified Development Companies 19 7,659 $384,630,812 Non Bank CDFI Funds 8 8,163 $327,149,244 Microlenders 32 7,289 $211,229,097 BIDCOs 1 24 $791,088 Total 4,501 1,410,066 $101,592,109,858 * Loans from CDFI/MDI banks with <$1b Assets and non-bank CDFls are captured in both tables. — Approvals through 07/17/2020 4 SBA Loan Size Loan Size Loan Count Net Dollars % of Count | % of Amount $50K and Under 3,329,546 $59,456 ,564,396 67.3% 11.5% >$50K - $100K 674,655 $48,033,280,967 13.6% 9.3% >$100K - $150K 290,916 $35,607 ,450,269 5.9% 6.9% >$150K - $350K 375,142 $84, 195,346,587 7.6% 16.2% >$350K - $1M 198,601 $112,957,915,129 4.0% 21.8% >$1M - $2M 52,941 $73,480,767,180 1.1% 14.2% >$2M - $5M 24,170 $71 930,084,062 0.5% 13.9% >$5M 4,678 $32,666,294,719 0.1% 6.3% * Overall average loan size is: $105K. ” Approvals through 07/17/2020 6 ae | BA OE Top PPP Lenders 0 Loan Count % of Total Size Authority Average Loan Lender Name Net Dollars SBA oe | 1 JPMorgan Chase Bank 271,809 $28,967,469,659 $106,573 4.4% 2 Bank of America 336,740 $25,340,596,942 $75,253 3.8% 3 PNC Bank 72,859 $12,955,868,763 $177,821 2.0% 4 Truist Bank 79,720 $12,582,992,464 $157,840 1.9% ) Wells Fargo Bank 186,355 $10,407,964,093 $55,850 1.6% 6 TD Bank 83,542 $8,472,030,395 $101,410 1.3% 7 KeyBank 41,633 $8,130,249,142 $195,284 1.2% 8 U.S. Bank 101,777 $7 434,252,299 $73,045 1.1% 9 Zions Bank 46,919 $6,942,171 ,587 $147,961 1.1% 10 M&T Bank 34,677 $6,770,646,488 $195,249 1.0% 11 Huntington Bank 37,162 $6,506,988 ,291 $175,098 1.0% 12 Cross River Bank 155,154 $5,713,847 ,544 $36,827 0.9% a) Fifth Third Bank 38,348 $5,366,693,854 $139,947 0.8% 14 Citizens Bank 49,874 $4,833,281 ,622 $96,910 0.7% 15 BMO Harris Bank 21,504 $4,806, 790,687 $223,530 0.7% Approvals through 07/17/2020 T J Industry by NAICS Sector NAICS Sector Description Loan Count Net Dollars % of Amount Health Care and Social Assistance 512,206 $66,942,567,077 12.92% Professional, Scientific, and Technical Services 647,433 $66,095,154,606 12.75% Construction 472,414 $64,315,830,491 12.41% Manufacturing 231,368 $53,778,861 ,389 10.38% Accommodation and Food Services 371,015 $42,010,801 ,843 8.11% Retail Trade 454,488 $40,172,967,818 7.75% Other Services (except Public Administration) 542,193 $30,940,953,069 5.97% Wholesale Trade 168,307 $27,427 ,266,244 5.29% Administrative and Support and Waste Management and Remediation Services 243,606 $26,189,153,604 5.05% Transportation and Warehousing 199,741 $16,995,561 ,582 3.28% Real Estate and Rental and Leasing 249,701 $15,483,034,564 2.99% Finance and Insurance 171,265 $12,021 ,374,317 2.32% Educational Services 82,858 $11,891,981 ,009 2.29% Unclassified Establishments 219,877 $9,671 ,039,696 1.87% Information 69,988 $9,239,654,504 1.78% Arts, Entertainment, and Recreation 121,055 $8,012,233,842 1.55% Agriculture, Forestry, Fishing and Hunting 140,725 $7,900,499,076 1.52% Mining 21,758 $4,477,468,783 0.86% Public Administration 13,652 $1,739,905,922 0.34% Management of Companies and Enterprises 8,966 $1,541,522,409 0.30% Utilities 8,033 $1,479,871,462 0.29% Approvals through 07/17/2020 8 ae | SBA ee J Amount of Funding Remaining $131,344,933,136 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 07/17/2020 9 ae | SBA ee J
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- 2020-07_PPP_Report_Public-2020-07-19-508.pdf
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