SBA PPP Report, Approvals Through Feb. 15, 2021
Summary
SBA's Paycheck Protection Program report of approvals through 02/15/2021. Overall, 6,820,913 loans totaling $648,182,482,994 had been approved through 5,469 lenders; the 2021 round accounted for 1,673,707 loans and $125,750,604,760 through 5,141 lenders, an average of $75,133. Second draw loans made up 1,172,671 of the 2021 loans and $114,890,682,313, against 501,036 first draw loans worth $10,859,922,447. Loans of $50K and under were 70.8% of the 2021 count but 16.6% of the dollars. JPMorgan Chase Bank led 2021 lenders by dollars at $4,495,356,350, while Itria Ventures LLC, ranked third, made 118,355 loans, the most of the top 15.
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Cite this document
“SBA PPP Report, Approvals Through Feb. 15, 2021.”
Original at www.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/ppp-report-public-210215-508-pdf-b24444ed62c611bd-8e12963372/
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Paycheck Protection
Program (PPP) Report
Approvals through 02/15/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
6,820,913 $648,182,482,994 5,469
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
1,673,707 $125,750,604,760 5,141
Approvals through 02/15/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 501,036 $10,859,922,447 $21,675 4,838
First Draw Loans with 10 or fewer employees 486,771 $7,635,404,578 $15,686 4,811
First Draw Loans LMI & Less than $250k 113,422 $2,122,434,634 $18,713 3,485
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 1,172,671 $114,890,682,313 $97,974 5,088
Second Draw Loans with 10 or fewer employees 865,129 $29,316,892,299 $33,887 5,053
Second Draw Loans LMI & Less than $250k 242,661 $12,904,270,785 $53,178 4,294
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 1,673,707 $125,750,604,760 $75,133 5,141
PPP Loans by Community Financial Institutions 79,580 $5,611,760,645 $70,517 440
PPP Loans by Insured Depository Institutions
740,381 $60,735,004,484 $82,032 4,083
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 55,698 $2,708,012,886 $48,620 797
PPP Loans by Farm Credit System Institutions
6,776 $130,422,804 $19,248 37
<$10B in Assets
Approvals through 02/15/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls(less than $10B) 4,083 740,381 $60,735,004,484
Banks and S&Ls($10B or more) 111 657,405 $54,748,296,751
Fintechs (and other State Regulated) 32 157,121 $4,721,775,652
Credit Unions (less than $10B) 797 55,698 $2,708,012,886
Small Business Lending Companies 12 37,668 $2,072,815,316
Farm Credit Lenders 43 12,001 $292,946,899
Credit Unions ($10B or more) 8 4,992 $187,031,773
Microlenders 29 4,292 $117,598,188
Certified Development Companies 17 1,788 $99,485,543
Non Bank CDFI Funds 8 2,355 $67,476,108
BIDCOs 1 6 $161,160
Total 5,141 1,673,707 $125,750,604,760
Approvals through 02/15/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 4,227 $392,031,753 LA 25,194 $2,022,118,157 OR 19,708 $1,765,340,593
AL 20,411 $1,368,263,195 MA 37,402 $3,650,295,370 PA 53,227 $5,035,820,017
AR 13,898 $720,385,003 MD 26,646 $2,365,433,467 PR 7,301 $283,803,605
AS 0 $0 ME 7,633 $552,966,380 RI 6,664 $586,278,063
AZ 20,021 $1,618,847,275 MI 45,657 $4,389,694,659 SC 15,649 $1,153,948,384
CA 173,189 $16,037,173,923 MN 45,443 $2,930,217,069 SD 16,627 $543,685,351
CO 31,243 $2,536,692,065 MO 45,597 $2,328,383,696 TN 27,802 $1,889,083,886
CT 20,149 $1,765,471,297 MP 115 $5,638,415 TX 121,707 $9,696,240,757
DC 3,838 $496,221,733 MS 15,028 $774,678,024 UT 12,438 $1,019,049,910
DE 3,687 $362,370,502 MT 8,938 $464,890,126 VA 30,727 $2,672,032,891
FL 111,062 $6,923,366,227 NC 30,019 $2,282,122,704 VI 184 $19,936,399
GA 51,025 $2,883,623,048 ND 13,088 $635,986,751 VT 4,109 $346,738,342
GU 366 $26,130,117 NE 31,267 $1,085,231,102 WA 31,081 $3,130,254,120
HI 6,942 $613,257,660 NH 7,341 $704,209,952 WI 32,178 $2,401,996,884
IA 45,214 $1,566,468,496 NJ 42,291 $3,818,459,655 WV 4,889 $425,393,018
ID 6,484 $437,521,479 NM 6,507 $599,585,524 WY 5,984 $410,932,030
IL 95,784 $6,757,237,096 NV 13,451 $1,088,626,103 To be confirmed 1 $13,125
IN 26,183 $2,140,034,431 NY 107,288 $9,742,058,175
KS 29,624 $1,289,680,265 OH 48,164 $3,869,812,016
KY 24,316 $1,329,730,716 OK 38,699 $1,795,143,757
Approvals through 02/15/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 1,184,347 $20,932,196,900 70.8% 16.6%
>$50K - $100K 206,404 $14,792,183,535 12.3% 11.8%
>$100K - $150K 105,016 $13,015,152,519 6.3% 10.3%
>$150K - $350K 109,172 $24,731,804,731 6.5% 19.7%
>$350K - $1M 54,398 $30,364,694,936 3.3% 24.1%
>$1M - $2M 14,236 $21,337,156,818 0.9% 17.0%
>$2M - $5M 100 $321,836,734 0.0% 0.3%
>$5M 34 $255,578,587 0.0% 0.2%
* Overall average loan size is: $75K.
Approvals through 02/15/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 57,458 $4,495,356,350 $78,237
2 Bank of America 66,666 $4,178,437,375 $62,677
3 Itria Ventures LLC 118,355 $3,509,716,004 $29,654
4 PNC Bank 21,168 $2,156,875,029 $101,893
5 M&T Bank 12,997 $1,704,332,153 $131,133
6 Zions Bank 13,882 $1,694,702,299 $122,079
7 Cross River Bank 65,667 $1,532,880,188 $23,343
8 Northeast Bank 12,779 $1,496,808,574 $117,130
9 Wells Fargo Bank 34,458 $1,456,525,318 $42,270
10 U.S. Bank 26,489 $1,455,073,992 $54,931
11 Citizens Bank 24,090 $1,384,045,152 $57,453
12 KeyBank 10,552 $1,300,291,720 $123,227
13 Fifth Third Bank 11,736 $1,178,984,552 $100,459
14 TD Bank 11,328 $1,099,663,010 $97,075
15 Customers Bank 37,178 $1,022,015,857 $27,490
Approvals through 02/15/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 173,713 $22,747,011,198 18%
Construction 145,875 $16,822,345,681 13%
Professional, Scientific, and Technical Services 202,060 $14,000,069,863 11%
Health Care and Social Assistance 153,237 $13,090,187,784 10%
Manufacturing 74,140 $12,831,248,656 10%
Other Services (except Public Administration) 184,151 $8,361,469,745 7%
Retail Trade 110,519 $6,100,332,357 5%
Wholesale Trade 47,709 $5,107,515,777 4%
Administrative and Support and Waste Management and Remediation Services 68,122 $5,038,214,580 4%
Agriculture, Forestry, Fishing and Hunting 218,687 $4,305,138,017 3%
Transportation and Warehousing 77,175 $4,032,538,330 3%
Arts, Entertainment, and Recreation 52,871 $2,885,117,806 2%
Real Estate and Rental and Leasing 64,345 $2,856,562,729 2%
Educational Services 29,918 $2,306,848,067 2%
Information 22,302 $1,911,578,944 2%
Mining 9,037 $1,455,375,710 1%
Finance and Insurance 31,440 $1,155,012,127 1%
Public Administration 4,868 $342,930,678 0%
Management of Companies and Enterprises 1,868 $209,490,954 0%
Utilities 1,670 $191,615,760 0%
Approvals through 02/15/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars
Female 66,676 $1,326,524,820
Male 120,691 $2,818,606,703
Unknown/NotStated 1,486,340 $121,605,473,237
Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 17,542 $1,096,245,899
Asian 52,712 $2,979,959,883
Black or African American 71,246 $1,949,293,223
Eskimo & Aleut 1 $8,332
Hispanic 59,574 $3,544,524,530
Multi Group 2 $65,940
Puerto Rican 35 $2,841,791
Unanswered 1,242,525 $99,275,024,687
White 230,070 $16,902,640,476
Veteran Loans Approved Net Dollars
Non-Veteran 151,100 $3,312,668,429
Unknown/NotStated 1,512,949 $122,211,084,082
Veteran 9,658 $226,852,250
Approvals through 02/15/2021 9
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- Original
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