Paycheck Protection Program (PPP) Report: Approvals through 01/24/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 01/24/2021. Across all PPP lending it counts 5,550,486 loans for $557,816,068,710 in total net dollars from 5,448 lenders, of which the 2021 lending is 400,580 loans and $35,017,654,071 from 4,526 lenders. Banks and S&Ls with less than $10B in assets made 243,570 of the 2021 loans for $22,923,617,943. Loans of $50K and Under were 65.6% of the count but 14.0% of the amount, and the overall average loan size was $87K. M&T Bank led the 2021 lenders with 5,261 loans for $718,132,342, and gender was Unknown/NotStated on 372,207 of the 2021 loans.
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“Paycheck Protection Program (PPP) Report: Approvals through 01/24/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-2021-01-9a1cc66ba8/
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Paycheck Protection
Program (PPP) Report
Approvals through 01/24/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
5,550,486 $557,816,068,710 5,448
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
400,580 $35,017,654,071 4,526
Approvals through 01/24/2021 2
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls(less than $10B) 3,708 243,570 $22,923,617,943
Banks and S&Ls($10B or more) 94 105,678 $9,602,603,105
Credit Unions (less than $10B) 614 17,958 $1,030,628,294
Fintechs (and other State Regulated) 17 18,167 $604,641,663
Small Business Lending Companies 10 8,358 $579,156,343
To Be Confirmed 8 1,337 $95,232,944
Credit Unions ($10B or more) 6 1,029 $49,746,379
Microlenders 21 1,681 $46,763,994
Farm Credit Lenders 27 1,473 $36,930,057
Non Bank CDFI Funds 6 953 $27,002,688
Certified Development Companies 14 375 $21,316,690
BIDCOs 1 1 $13,970
Total 4,526 400,580 $35,017,654,071
Approvals through 01/24/2021 3
States and Territories for 2021 PPP
State Loans Approved Net Dollars State Loans Approved Net Dollars State Loans Approved Net Dollars
AK 905 $113,101,941 LA 6,002 $632,114,256 OR 4,536 $521,253,068
AL 4,087 $349,240,635 MA 10,578 $1,031,477,972 PA 15,378 $1,587,009,735
AR 2,947 $185,266,500 MD 6,293 $681,464,574 PR 516 $16,840,329
AS 0 $0 ME 2,433 $221,560,725 RI 1,919 $163,214,912
AZ 4,640 $422,089,891 MI 13,171 $1,505,783,950 SC 2,982 $238,769,217
CA 31,981 $3,407,440,603 MN 15,235 $1,193,552,486 SD 4,198 $168,569,460
CO 6,812 $664,463,051 MO 12,672 $811,112,407 TN 4,680 $426,909,979
CT 4,787 $479,183,715 MP 6 $341,100 TX 25,773 $2,482,656,417
DC 687 $91,738,527 MS 2,910 $229,004,464 UT 3,010 $301,557,859
DE 892 $90,024,127 MT 2,361 $158,197,464 VA 6,834 $672,552,861
FL 19,425 $1,523,011,261 NC 5,349 $447,450,478 VI 0 $0
GA 7,706 $529,681,257 ND 3,884 $220,973,667 VT 1,461 $132,335,591
GU 53 $4,694,067 NE 12,619 $486,656,646 WA 6,314 $853,269,371
HI 361 $22,590,808 NH 2,164 $223,742,087 WI 10,397 $929,132,091
IA 16,709 $630,660,510 NJ 8,599 $916,748,129 WV 1,373 $133,633,614
ID 1,179 $97,071,951 NM 1,960 $207,157,657 WY 2,100 $157,085,306
IL 27,595 $2,683,932,355 NV 2,801 $287,365,753 To be confirmed 0 $0
IN 6,800 $683,227,848 NY 20,251 $2,200,548,128
KS 9,470 $466,611,443 OH 10,336 $1,010,357,100
KY 6,145 $442,366,005 OK 16,304 $880,858,723
Approvals through 01/24/2021 4
Loan Size for 2021 PPP
Loan Size Loans Approved Net Dollars % of Count % of Amount
$50K and Under 262,778 $4,896,749,619 65.6% 14.0%
>$50K - $100K 55,356 $3,992,967,632 13.8% 11.4%
>$100K - $150K 30,422 $3,768,180,079 7.6% 10.8%
>$150K - $350K 31,590 $7,170,758,008 7.9% 20.5%
>$350K - $1M 16,396 $9,202,032,287 4.1% 26.3%
>$1M - $2M 4,016 $5,898,764,998 1.0% 16.8%
>$2M - $5M 19 $61,250,689 0.0% 0.2%
>$5M 3 $26,950,760 0.0% 0.1%
* Overall average loan size is: $87K.
Approvals through 01/24/2021 5
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 M&T Bank 5,261 $718,132,342 $136,501
2 Fifth Third Bank 3,835 $539,749,307 $140,743
3 Bank of America 12,523 $527,738,401 $42,142
4 Zions Bank 3,238 $494,607,658 $152,751
5 Citizens Bank 9,674 $488,646,659 $50,511
6 Itria Ventures LLC 10,912 $449,741,781 $41,215
7 East West Bank 2,552 $378,977,287 $148,502
8 Signature Bank 1,213 $363,998,797 $300,081
9 Newtek Small Business Finance, Inc. 6,137 $326,315,900 $53,172
10 First Midwest Bank 2,172 $300,388,600 $138,300
11 BMO Harris Bank 4,126 $273,286,109 $66,235
12 Cross River Bank 11,207 $272,517,934 $24,317
13 Fulton Bank 1,818 $262,018,670 $144,125
14 Columbia State Bank 1,662 $235,543,232 $141,723
15 Bank of the West 1,402 $211,010,241 $150,507
Approvals through 01/24/2021 6
Industry for 2021 PPP
NAICS Sector Description Loans Approved Net Dollars % of Amount
Accommodation and Food Services 45,785 $6,529,799,860 19%
Construction 34,825 $4,954,774,810 14%
Manufacturing 20,664 $3,983,217,727 11%
Professional, Scientific, and Technical Services 48,802 $3,782,907,795 11%
Health Care and Social Assistance 35,605 $3,419,802,897 10%
Other Services (except Public Administration) 37,588 $2,102,843,966 6%
Retail Trade 24,153 $1,647,423,969 5%
Wholesale Trade 11,095 $1,400,116,167 4%
Administrative and Support and Waste Management and Remediation Services 15,502 $1,386,334,227 4%
Agriculture, Forestry, Fishing and Hunting 61,381 $1,210,298,914 3%
Transportation and Warehousing 13,813 $1,098,754,132 3%
Real Estate and Rental and Leasing 15,229 $739,243,665 2%
Arts, Entertainment, and Recreation 12,489 $736,665,535 2%
Educational Services 6,594 $568,235,472 2%
Mining 2,883 $490,935,520 1%
Information 5,045 $470,596,502 1%
Finance and Insurance 6,943 $281,989,861 1%
Public Administration 1,326 $104,818,827 0%
Utilities 414 $59,200,430 0%
Management of Companies and Enterprises 444 $49,693,795 0%
Approvals through 01/24/2021 7
Demographics for 2021 PPP
Gender Loans Approved Net Dollars
Female 7,584 $148,483,187
Male 20,789 $454,900,101
Unknown/NotStated 372,207 $34,414,270,783
Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 1,386 $95,825,395
Asian 8,452 $509,639,580
Black or African American 5,931 $182,378,601
Eskimo & Aleut 0 $0
Hispanic 10,013 $755,541,788
Multi Group 0 $0
Puerto Rican 0 $0
Unanswered 327,024 $29,955,277,342
White 47,774 $3,518,991,365
Veteran Loans Approved Net Dollars
Non-Veteran 21,167 $443,586,984
Unknown/NotStated 377,723 $34,536,457,099
Veteran 1,690 $37,609,987
Approvals through 01/24/2021 8
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- b95587fe599cf9bbdc11cb7b8b3753036938d9a7150424a7a1dfb0ae22851785
- Our copy
- PPP_Report_2021_01_24-508.pdf
- Original
- legacy.sba.gov