Paycheck Protection Program (PPP) Report Approvals through 06/12/2020
Summary
A U.S. Small Business Administration Paycheck Protection Program (PPP) report of approvals through 06/12/2020. Its summary of approved lending shows 4,576,388 loans and $512,271,684,146 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 the top lenders.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Full text
Text recognized from a scanned document; may contain errors. Page 5 of 9 is not shown because the text could not be recognized reliably.
Paycheck Protection Program (PPP) Report Approvals through 06/12/2020 Summary of PPP Approved Lending Loan Count Net Dollars Lender Count 4,576,388 $512,271,684,146 5 457 . Lender Loan % of Lender Size Count Count Net Dollars Amount >$50 B in Assets 34) 1,576,461 $187,601 ,507 ,342 37% $10 B to $50 B in Assets 90 710,156 $99, 867,750,897 19% <$10 B in Assets 5,333] 2,289,771 $224 802,425,907 44% Totals reflect both rounds of PPP funding and cancellations through the report date. Cancellations do include duplicative loans, loans not closed for any reason, and loans that have been paid off. Approvals through 06/12/2020 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] 1,241,380 $91,450,546,238 $10 B to $50 B in Assets 90 411,178 $29,468,691,698 <$10 B in Assets 5,323] 1,298,425 $68,388,879,876 Lender Loan Lender Group Count Count Net Dollars Round 2 Round 2 Round 2 CDFls 302 61,654 $2,983,666,175 CDFI lenders and associated loans are also captured in the <S10 billion or less lender asset size. Approvals through 06/12/2020 3 Lender Segments CDFI’s and MDI’s Lender Type Lender Count Loan Count Net Dollars CDFls 96,648 $7,201,847,138 MDIs I 111,093 $10,237,157,840 - minus CDFI/MDIs identified in both groups 50 14,602 $1,477,497,693 Total 424 193,139 $15,961,507,286 Lenders with <$1b Assets and Non-Banks Lender Type Lender Count Loan Count Net Dollars Banks (less than $1b) 3,567 995,360] $83,329,581,661 Small Business Lending Companies 14 59,616) $6,392,815,813 Credit Unions (less than $1b) 721 58,089| $2,920,588,353 Fintechs (and other State Regulated) 19 86,350) $2,519,159,905 Farm Credit Lenders 54 14,227| $1,282,464,805 Savings & Loans (less than $1b) 77 10,991} $1,020,454,619 Certified Development Companies 19 6,177 $344,008,406 Non Bank CDFI Funds 8 5,774 $291,482,648 Microlenders 32 5,559 S$177,558,436 BIDCOs 1 23 $787,713 Total 4,512 1,242,166| $98,278,902,359 * Loans from CDFI/MDI banks with <$1b Assets and non-bank CDFls are captured in both tables. Approvals through 06/12/2020 4 Loan Size Loan Size Loan Count Net Dollars % of Amount $50K and Under 2,983,218 $54,881 ,376,826 65.2% 10.7% >$50K - $100K 657,720 $46,844 ,883,291 14.4% 9.1% >$100K - $150K 285,539 $34,957 ,439,183 6.2% 6.8% >$150K - $350K 370,507 $83,240,884,629 8.1% 16.2% >$350K - $1M 197,277 $112,238 433,258 4.3% 21.9% >$1M - $2M 52,586 $72,856,742,215 1.1% 14.2% >$2M - $5M 24,734 $73,523,496,712 0.5% 14.4% >$5M 4,807 $33,728,428,031 0.1% 6.6% * Overall average loan size is: $112K. Approvals through 06/12/2020 6 SBA oe | Top PPP Lenders % of Total Lender Name Loan Count Net Dollars Average Loan Size Authority 1 JPMorgan Chase Bank 257,860| $28,633,018,520 $111,041 4.3% 2 Bank of America 328,993} $25,069,189,752 $76,200 3.8% 3 PNC Bank 72,705} $13,051,904,871 $179,519 2.0% 4 Truist Bank 74,001} $12,910,364,033 $174,462 2.0% 3) Wells Fargo Bank 173,902 $10,229,959,006 $58,826 1.5% 6 TD Bank 80,086 $8,390,956,498 $104,774 1.3% 7 KeyBank 39,590 $8,054,444 ,760 $203,446 1.2% 8 U.S. Bank 93,234 $7,144, 786,434 $76,633 1.1% 9 Zions Bank 44,010 $6,834,112,154 $155,285 1.0% 10 M&T Bank 34,742 $6,785,949 ,823 $195,324 1.0% 11 Huntington Bank 35,350 $6,459,488,606 $182,730 1.0% 12 Fifth Third Bank 36,090 $5,372,235,710 $148,857 0.8% 13 Citizens Bank 48,491 $4,965,576,541 $102,402 0.8% 14 BMO Harris Bank 20,755 $4,776,803,812 $230,152 0.7% 15 Cross River Bank 106,116 $4,700,319,635 $44,294 0.7% Approvals through 06/12/2020 7 J Industry by NAICS Sector NAICS Sector Description on Net Dollars Aint Health Care and Social Assistance 479,650 $66 292,313,990 12.94% Professional, Scientific, and Technical Services 595,293 $65,309,212,473 12.75% Construction 438,921 $63,649,725,461 12.42% Manufacturing 221,051 $53,513,293,921 10.45% Accommodation and Food Services 347,553 $41 177,730,603 8.04% Retail Trade 425,701 $39,729,580,053 7.76% Other Services (except Public Administration) 484,161 $30,198,840,159 5.90% Wholesale Trade 159,639 $27 417,933,285 5.35% Administrative and Support and Waste Management and Remediation Services 226,726 $26 050,426,337 5.09% Transportation and Warehousing 161,794 $16,386, 158,203 3.20% Real Estate and Rental and Leasing 227,717 $15,212,964,843 2.97% Finance and Insurance 157,874 $11,972,703,265 2.34% Educational Services 75,139 $11,777,762,272 2.30% Unclassified Establishments 222,980 $9,938,249,311 1.94% Information 64,627 $9,085,575,653 1.77% Arts, Entertainment, and Recreation 107,810 $7,714,593,398 1.51% Agriculture, Forestry, Fishing and Hunting 130,512 $7,656,804,061 1.49% Mining 20,743 $4,470,882,471 0.87% Public Administration 12,590 $1,705,345,108 0.33% Management of Companies and Enterprises 8,417 $1,559,460, 156 0.30% Utilities 7,490 $1,452,129,120 0.28% Approvals through 06/12/2020 8 ee | BA ED ” Amount of Funding Remaining $129,753,635,070 The above number is an approximation. SBA is currently revising remaining funds amount with the enactment of the Paycheck Protection Program Flexibility Act of 2020. Available funds captures approvals net of cancellations as well as loan increases, decreases, and reinstatements. This approximation accounts for statutory program costs. Approvals through 06/12/2020 9
File and source
- File
- 2020-06_PPP_Report_20200612-508.pdf
- Size
- 752,810 bytes
- SHA-256
- 485f65e1678ab844d911560740b78845db3daebe46cf6c46c5687cc475d16392
- Original
- www.sba.gov