Paycheck Protection Program (PPP) Report: Approvals through 02/21/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 02/21/2021. All PPP lending stands at 7,065,800 loans for $662,705,618,919 from 5,468 lenders, and 2021 lending at 1,918,663 loans for $140,280,566,497 from 5,158 lenders. Second Draw Loans make up 1,326,830 of the 2021 loans and $127,437,071,852, with an average loan size of $96,046, against 591,833 First Draw Loans averaging $21,701. JPMorgan Chase Bank led with 69,380 loans for $5,351,204,767, while Itria Ventures LLC made 139,559 loans for $4,041,078,288. Loans of $50K and Under were 71.7% of the count and 17.1% of the amount, and the overall average loan size was $73K.
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
Cite this document
“Paycheck Protection Program (PPP) Report: Approvals through 02/21/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-0fb11ba17f/
, SHA-256 d17213beeb4e744a10a7f53abdf81860ca63f0d54c503187fa1f0b47c8666bd6.Full text
Paycheck Protection
Program (PPP) Report
Approvals through 02/21/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
7,065,800 $662,705,618,919 5,468
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
1,918,663 $140,280,566,497 5,158
Approvals through 02/21/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 591,833 $12,843,494,644 $21,701 4,900
First Draw Loans with 10 or fewer employees 574,936 $8,998,052,316 $15,651 4,874
First Draw Loans LMI & Less than $250k 140,766 $2,616,887,774 $18,590 3,626
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 1,326,830 $127,437,071,852 $96,046 5,113
Second Draw Loans with 10 or fewer employees 986,022 $32,796,989,181 $33,262 5,085
Second Draw Loans LMI & Less than $250k 276,898 $14,399,468,142 $52,003 4,352
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 1,918,663 $140,280,566,497 $73,114 5,158
PPP Loans by Community Financial Institutions 89,232 $6,211,328,297 $69,609 443
PPP Loans by Insured Depository Institutions
815,221 $65,901,712,605 $80,839 4,093
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 62,152 $2,947,482,745 $47,424 802
PPP Loans by Farm Credit System Institutions
8,030 $156,712,719 $19,516 39
<$10B in Assets
Approvals through 02/21/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls(less than $10B) 4,093 815,221 $65,901,712,605
Banks and S&Ls($10B or more) 111 766,938 $62,500,789,428
Fintechs (and other State Regulated) 32 197,170 $5,604,204,557
Credit Unions (less than $10B) 802 62,152 $2,947,482,745
Small Business Lending Companies 12 46,206 $2,410,146,292
Farm Credit Lenders 45 14,705 $359,045,918
Credit Unions ($10B or more) 8 6,143 $219,536,830
Microlenders 29 4,877 $132,740,042
Certified Development Companies 17 2,119 $116,607,592
Non Bank CDFI Funds 8 3,126 $88,139,328
BIDCOs 1 6 $161,160
To Be Confirmed 0 0 $0
Total 5,158 1,918,663 $140,280,566,497
Approvals through 02/21/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 4,732 $434,449,570 LA 28,557 $2,181,751,281 OR 22,340 $1,926,793,682
AL 23,542 $1,509,786,035 MA 42,035 $4,062,187,207 PA 60,485 $5,598,060,256
AR 15,516 $791,519,895 MD 30,920 $2,634,442,384 PR 9,234 $388,084,703
AS 0 $0 ME 8,542 $601,296,036 RI 7,310 $641,072,680
AZ 23,632 $1,866,503,027 MI 51,097 $4,745,857,763 SC 18,518 $1,315,083,488
CA 202,264 $18,192,309,838 MN 50,834 $3,184,685,239 SD 18,497 $594,143,369
CO 36,060 $2,858,692,297 MO 50,765 $2,546,579,578 TN 31,775 $2,070,845,906
CT 22,669 $1,945,339,231 MP 153 $7,312,673 TX 135,467 $10,514,012,072
DC 4,581 $569,068,399 MS 16,703 $833,905,631 UT 14,087 $1,123,349,775
DE 4,240 $414,557,263 MT 10,116 $507,320,901 VA 35,387 $2,979,427,115
FL 131,827 $7,925,719,949 NC 35,623 $2,616,311,195 VI 231 $27,160,355
GA 61,961 $3,355,628,768 ND 14,645 $688,582,127 VT 4,480 $373,571,821
GU 477 $40,690,849 NE 33,962 $1,164,653,935 WA 35,798 $3,466,475,605
HI 8,448 $759,670,676 NH 8,222 $775,351,991 WI 36,596 $2,630,886,962
IA 49,678 $1,709,138,286 NJ 50,451 $4,399,596,313 WV 5,560 $468,269,775
ID 7,617 $489,671,871 NM 7,469 $679,542,822 WY 6,557 $436,219,584
IL 110,510 $7,438,764,039 NV 15,791 $1,211,381,732 To be confirmed 1 $13,125
IN 29,689 $2,340,457,747 NY 126,330 $11,163,403,018
KS 32,684 $1,404,536,915 OH 55,638 $4,334,075,582
KY 27,136 $1,441,594,136 OK 41,224 $1,900,760,026
Approvals through 02/21/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 1,375,351 $23,984,710,695 71.7% 17.1%
>$50K - $100K 230,155 $16,482,705,016 12.0% 11.7%
>$100K - $150K 116,071 $14,386,411,945 6.0% 10.3%
>$150K - $350K 121,011 $27,401,341,139 6.3% 19.5%
>$350K - $1M 60,078 $33,521,387,797 3.1% 23.9%
>$1M - $2M 15,836 $23,782,123,068 0.8% 17.0%
>$2M - $5M 114 $362,987,203 0.0% 0.3%
>$5M 47 $358,899,634 0.0% 0.3%
* Overall average loan size is: $73K.
Approvals through 02/21/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 69,380 $5,351,204,767 $77,129
2 Bank of America 76,242 $4,721,009,351 $61,921
3 Itria Ventures LLC 139,559 $4,041,078,288 $28,956
4 PNC Bank 25,329 $2,557,005,606 $100,952
5 Cross River Bank 82,415 $1,936,784,716 $23,500
6 M&T Bank 14,184 $1,874,531,482 $132,158
7 Zions Bank 14,995 $1,823,121,925 $121,582
8 Wells Fargo Bank 39,917 $1,723,583,743 $43,179
9 U.S. Bank 31,394 $1,700,864,003 $54,178
10 Northeast Bank 15,347 $1,699,290,102 $110,725
11 TD Bank 17,384 $1,555,265,735 $89,465
12 Citizens Bank 25,364 $1,456,749,260 $57,434
13 KeyBank 12,193 $1,445,654,182 $118,564
14 Fifth Third Bank 12,744 $1,241,412,753 $97,412
15 Customers Bank 45,791 $1,214,750,340 $26,528
Approvals through 02/21/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 196,179 $25,365,589,485 18%
Construction 167,065 $18,693,207,024 13%
Professional, Scientific, and Technical Services 231,014 $15,587,201,348 11%
Health Care and Social Assistance 175,631 $14,709,009,326 10%
Manufacturing 83,110 $14,024,033,406 10%
Other Services (except Public Administration) 219,515 $9,481,816,285 7%
Retail Trade 128,631 $6,846,350,835 5%
Wholesale Trade 54,203 $5,663,179,971 4%
Administrative and Support and Waste Management and Remediation Services 78,499 $5,644,829,532 4%
Agriculture, Forestry, Fishing and Hunting 242,650 $4,796,215,448 3%
Transportation and Warehousing 91,824 $4,542,394,351 3%
Arts, Entertainment, and Recreation 60,844 $3,236,939,050 2%
Real Estate and Rental and Leasing 73,499 $3,198,612,561 2%
Educational Services 34,560 $2,620,627,611 2%
Information 25,374 $2,146,283,673 2%
Mining 9,863 $1,569,990,718 1%
Finance and Insurance 36,657 $1,326,862,329 1%
Public Administration 5,495 $379,449,377 0%
Management of Companies and Enterprises 2,141 $237,882,173 0%
Utilities 1,909 $210,091,994 0%
Approvals through 02/21/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars
Female 249,831 $13,615,927,543
Male 559,824 $49,001,055,890
Unknown/NotStated 1,109,008 $77,663,583,064
Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 18,823 $1,171,191,642
Asian 60,956 $3,417,715,218
Black or African American 87,450 $2,354,489,148
Eskimo & Aleut 2 $27,359
Hispanic 69,215 $4,041,954,309
Multi Group 3 $105,730
Puerto Rican 51 $4,023,862
Unanswered 1,419,046 $110,073,146,971
White 263,117 $19,217,912,257
Veteran Loans Approved Net Dollars
Non-Veteran 631,607 $48,331,522,959
Unknown/NotStated 1,246,062 $88,665,551,152
Veteran 40,994 $3,283,492,386
Approvals through 02/21/2021 9
File and source
- File
- PPP_Report_Public_210221-508.pdf
- Size
- 330,919 bytes
- SHA-256
- d17213beeb4e744a10a7f53abdf81860ca63f0d54c503187fa1f0b47c8666bd6
- Our copy
- PPP_Report_Public_210221-508.pdf
- Original
- legacy.sba.gov