Paycheck Protection Program (PPP) Report Approvals through 07/24/2020
Summary
A U.S. Small Business Administration Paycheck Protection Program (PPP) report of approvals through 07/24/2020. Its summary of approved lending shows 5,005,261 loans, $519,505,881,228 in net dollars and 5,458 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 07/24/2020 Summary of PPP Approved Lending Loan Count Net Dollars Lender Count 5,005,261 $519,505,881,228 5,458 Lender Size ed Loan Count Net Dollars % of Count Amount >$50 B in Assets 34 1,662,536 $188,980,720,021 36% $10 B to $50 B in Assets 88 751,043 $100,368,095,036 19% <$10 B in Assets 5,336 2,591,682 $230,157,066,171 44% Approvals through 07/24/2020 2 — 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 1,327,746 $93,717,837,915 $10 B to $50 B in Assets 88 451,931 $30,378,010,258 <$10 B in Assets 5,328 1,604,712 $75,358,456,413 Lender Count Loan Count Lender Group Round 2 Round 2 Net Dollars Round 2 CDFls 303 73,641 $3,204,858,241 CDFI lenders and associated loans are also captured in the <S10 billion or less lender asset size. Approvals through 07/24/2020 3 — SBA ee J Lender Segments CDFI’s and MDI’s Lender Type Lender Count Loan Count Net Dollars CDFls 303 108,612 $7,382,656,618 MDIs 171 120,410 | $10,292,861,780 - minus Seen toube in both 50 15,781 $1,488,953,013 Total 424 213,241 | $16,186,565,384 Lenders with <$1b Assets and Non-Banks Lender Type Lender Count Loan Count Net Dollars Banks (less than $1b) 3,554 1,068,724 $84,484,726,643 Small Business Lending Companies 14 59,904 56,260,890,886 Fintechs (and other State Regulated) 19 187,180 $4,847,141,680 Credit Unions (less than $1b) 721 64,636 $3,047,398,845 Farm Credit Lenders 54 15,390 $1,348,810,707 Savings & Loans (less than $1b) 77 11,548 $1,037,413,646 Certified Development Companies 19 7,784 $386,625,116 Non Bank CDFI Funds 8 8,458 $332,499,930 Microlenders 32 7,546 $216,680,281 BIDCOs 1 24 $791,088 Total 4,499 1,431,194 $101,962,978,822 * Loans from CDFI/MDI banks with <S$1b Assets and non-bank CDFls are captured in both tables. Approvals through 07/24/2020 4 — SBA ee J Loan Size Loan Size Loan Count Net Dollars %of Count | % of Amount $50K and Under 3,380,772 $60,125,452,743 67.5% 11.6% >$50K - $100K 676,556 $48, 168,785,076 13.5% 9.3% >$100K - $150K 291,673 $35,700,297 ,609 5.8% 6.9% >$150K - $350K 375,631 $84,304,078,038 7.5% 16.2% >$350K - $1M 198,810 $113,068,370,469 4.0% 21.8% >$1M - $2M 52,977 $73,534,430,250 1.1% 14.2% >$2M - $5M 24,165 $71 922,829,101 0.5% 13.8% >$5M 4,677 $32,681 637,943 0.1% 6.3% * Overall average loan size is: $104K. Approvals through 07/24/2020 6 — SBA ee J Top PPP Lenders SBA Lender Name Loan Count Net Dollars ae eth ‘authority 1 JPMorgan Chase Bank 274,451 $29,058,203,416 $105,878 4.4% 2 Bank of America 339,526 $25,449, 152,920 $74,955 3.9% 3 PNC Bank 73,091 $12,966,573,735 $177,403 2.0% 4 Truist Bank 80,554 $12,618,571 ,544 $156,647 1.9% A) Wells Fargo Bank 188,558 $10,447 283,485 $55,406 1.6% 6 TD Bank 84,210 $8,500,444,555 $100,943 1.3% 7 KeyBank 41,828 $8,140,064,491 $194,608 1.2% 8 U.S. Bank 103,464 $7,483,011,504 $72,325 1.1% 9 Zions Bank 47,157 $6,946,745,787 $147,311 1.1% 10 M&T Bank 34,651 $6,762,506,609 $195,161 1.0% 11 Huntington Bank 37,310 $6,511 ,838,547 $174,533 1.0% 12 Cross River Bank 164,816 $5,886 ,336,178 $35,715 0.9% 13 Fifth Third Bank 38,813 $5,381 ,921,046 $138,663 0.8% 14 Citizens Bank 50,257 $4,842 ,840,862 $96,362 0.7% 15 BMO Harris Bank 21,643 $4,811,481 ,445 $222,311 0.7% Approvals through 07/24/2020 T J Industry by NAICS Sector NAICS Sector Description Loan Count Net Dollars % of Amount Health Care and Social Assistance 516,495 $67,103,739,655 12.92% Professional, Scientific, and Technical Services 654,344 $66,203,641 ,832 12.74% Construction 477,478 $64,463, 185,787 12.41% Manufacturing 232,871 $53,822,176,226 10.36% Accommodation and Food Services 373,689 $42,109,312,313 8.11% Retail Trade 458,069 $40,252,744,511 7.75% Other Services (except Public Administration) 551,024 $31 ,089,124,615 5.98% Wholesale Trade 169,588 $27,447,873, 150 5.28% Administrative and Support and Waste Management and Remediation Services 246,671 $26,253,321,001 5.05% Transportation and Warehousing 207,271 $17,116,788,852 3.29% Real Estate and Rental and Leasing 252,483 $15,537,613,259 2.99% Finance and Insurance 172,896 $12,037,265,378 2.32% Educational Services 83,960 $11,919,506,257 2.29% Unclassified Establishments 219,622 $9,657,044,758 1.86% Information 70,866 $9,245,815,286 1.78% Arts, Entertainment, and Recreation 123,044 $8,045,622,234 1.55% Agriculture, Forestry, Fishing and Hunting 142,061 $7,932,302,584 1.53% Mining 21,944 $4,498,349,829 0.87% Public Administration 13,753 $1,742,234,667 0.34% Management of Companies and Enterprises 9,024 $1,544,198,713 0.30% Utilities 8,108 $1,484,020,320 0.29% Approvals through 07/24/2020 8 — BA ee Amount of Funding Remaining $130,096,258,496 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 07/24/2020 9 — SBA ee J
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