Paycheck Protection Program (PPP) Report: Approvals through 03/21/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 03/21/2021. All PPP lending stands at 8,246,234 loans for $718,096,883,479 from 5,475 lenders, and 2021 lending at 3,102,275 loans for $195,801,715,415 from 5,222 lenders. First Draw Loans number 1,231,825 for $25,335,173,530, and Second Draw Loans 1,870,450 for $170,466,541,885. JPMorgan Chase Bank led with 121,373 loans for $9,208,374,427, and Itria Ventures LLC made the most loans of the top lenders, 222,402. Loans of $50K and Under were 76.4% of the count and 20.1% of the amount, the overall average loan size was $63K, and race was Unanswered on 2,267,178 loans.
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“Paycheck Protection Program (PPP) Report: Approvals through 03/21/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-1e04915b76/
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Paycheck Protection
Program (PPP) Report
Approvals through 03/21/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
8,246,234 $718,096,883,479 5,475
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
3,102,275 $195,801,715,415 5,222
Approvals through 03/21/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 1,231,825 $25,335,173,530 $20,567 5,089
First Draw Loans with 10 or fewer employees 1,202,411 $18,474,231,951 $15,364 5,072
First Draw Loans LMI & Less than $250k 334,264 $5,952,044,393 $17,806 4,319
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 1,870,450 $170,466,541,885 $91,137 5,191
Second Draw Loans with 10 or fewer employees 1,421,336 $45,510,121,353 $32,019 5,174
Second Draw Loans LMI & Less than $250k 398,044 $19,587,100,264 $49,208 4,553
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 3,102,275 $195,801,715,415 $63,116 5,222
PPP Loans by Community Financial Institutions 174,578 $8,837,665,117 $50,623 452
PPP Loans by Insured Depository Institutions
1,193,024 $83,513,726,261 $70,002 4,111
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 95,479 $3,888,463,301 $40,726 831
PPP Loans by Farm Credit System Institutions
14,086 $296,147,982 $21,024 41
<$10B in Assets
Approvals through 03/21/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 111 1,255,577 $93,310,809,147
Banks and S&Ls(less than $10B) 4,111 1,193,024 $83,513,726,261
Fintechs (and other State Regulated) 35 371,170 $9,286,337,992
Small Business Lending Companies 13 127,717 $4,198,067,409
Credit Unions (less than $10B) 831 95,479 $3,888,463,301
Farm Credit Lenders 47 26,419 $643,496,162
Credit Unions ($10B or more) 8 10,273 $330,661,679
Non Bank CDFI Funds 8 10,333 $208,995,012
Microlenders 31 7,812 $199,985,100
Certified Development Companies 18 3,833 $194,906,152
To Be Confirmed 8 627 $26,017,198
BIDCOs 1 11 $250,002
Total 5,222 3,102,275 $195,801,715,415
Approvals through 03/21/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 7,348 $580,995,853 LA 50,404 $3,041,757,765 OR 32,386 $2,482,532,864
AL 41,153 $2,084,101,041 MA 61,329 $5,420,894,818 PA 89,656 $7,468,032,800
AR 27,014 $1,128,620,570 MD 50,363 $3,715,204,637 PR 15,663 $636,274,171
AS 6 $23,902 ME 12,732 $797,240,088 RI 10,431 $822,782,820
AZ 39,557 $2,677,307,754 MI 76,786 $6,140,553,760 SC 31,901 $1,898,696,015
CA 324,369 $26,068,724,620 MN 75,062 $4,050,969,823 SD 27,223 $798,231,315
CO 54,222 $3,825,777,978 MO 78,980 $3,360,742,973 TN 57,103 $2,940,579,713
CT 33,898 $2,595,925,661 MP 343 $19,081,354 TX 236,518 $15,261,028,417
DC 7,602 $866,741,068 MS 30,427 $1,205,669,726 UT 21,407 $1,491,318,094
DE 6,606 $540,615,725 MT 15,289 $649,793,383 VA 56,863 $4,186,528,381
FL 234,209 $12,082,536,193 NC 61,828 $3,906,685,849 VI 553 $46,762,892
GA 119,017 $5,429,231,603 ND 21,392 $885,939,530 VT 6,420 $472,246,833
GU 925 $75,878,464 NE 47,398 $1,488,929,934 WA 54,471 $4,639,100,182
HI 13,295 $1,148,499,650 NH 11,391 $977,903,020 WI 57,399 $3,376,686,191
IA 72,405 $2,214,673,529 NJ 80,452 $6,289,473,298 WV 8,952 $639,235,065
ID 13,263 $710,729,049 NM 11,285 $901,261,909 WY 8,944 $516,112,010
IL 183,704 $9,975,215,363 NV 26,990 $1,709,049,560 To be confirmed 1 $13,125
IN 49,255 $3,095,385,221 NY 206,229 $16,234,767,640
KS 48,661 $1,838,726,429 OH 91,231 $6,124,257,281
KY 43,979 $1,952,535,877 OK 55,985 $2,313,132,628
Approvals through 03/21/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 2,369,814 $39,433,501,133 76.4% 20.1%
>$50K - $100K 314,930 $22,499,808,548 10.2% 11.5%
>$100K - $150K 155,718 $19,322,398,899 5.0% 9.9%
>$150K - $350K 160,644 $36,341,852,873 5.2% 18.6%
>$350K - $1M 79,370 $44,291,701,017 2.6% 22.6%
>$1M - $2M 21,485 $32,503,359,212 0.7% 16.6%
>$2M - $5M 226 $703,664,871 0.0% 0.4%
>$5M 88 $705,428,862 0.0% 0.4%
* Overall average loan size is: $63K.
Approvals through 03/21/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 121,373 $9,208,374,427 $75,868
2 Bank of America 120,390 $7,445,374,476 $61,844
3 Itria Ventures LLC 222,402 $6,200,821,463 $27,881
4 Cross River Bank 169,940 $4,035,118,660 $23,744
5 PNC Bank 34,855 $3,632,917,064 $104,229
6 TD Bank 32,026 $2,667,537,968 $83,293
7 Wells Fargo Bank 61,533 $2,531,679,412 $41,143
8 Truist Bank 23,764 $2,509,014,521 $105,580
9 M&T Bank 19,378 $2,478,307,068 $127,893
10 U.S. Bank 46,818 $2,466,928,306 $52,692
11 Zions Bank 21,469 $2,379,172,423 $110,819
12 KeyBank 20,348 $2,268,709,862 $111,495
13 Customers Bank 103,554 $2,220,954,961 $21,447
14 Northeast Bank 21,022 $2,210,789,708 $105,166
15 Readycap Lending, LLC 59,992 $1,846,114,189 $30,773
Approvals through 03/21/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 277,976 $33,732,893,447 17%
Construction 276,416 $25,536,959,642 13%
Professional, Scientific, and Technical Services 362,596 $21,631,024,520 11%
Health Care and Social Assistance 269,985 $20,679,507,568 11%
Manufacturing 121,134 $18,260,466,112 9%
Other Services (except Public Administration) 396,211 $14,330,377,343 7%
Retail Trade 212,976 $9,868,777,747 5%
Administrative and Support and Waste Management and Remediation Services 137,055 $8,055,082,997 4%
Wholesale Trade 83,679 $7,776,690,099 4%
Transportation and Warehousing 192,413 $7,243,258,664 4%
Agriculture, Forestry, Fishing and Hunting 363,100 $7,102,670,830 4%
Real Estate and Rental and Leasing 122,768 $4,747,235,924 2%
Arts, Entertainment, and Recreation 98,545 $4,707,259,948 2%
Educational Services 54,945 $3,753,506,392 2%
Information 39,723 $3,038,221,175 2%
Finance and Insurance 63,683 $2,139,815,649 1%
Mining 14,109 $2,025,396,711 1%
Public Administration 8,495 $532,821,163 0%
Management of Companies and Enterprises 3,421 $344,846,851 0%
Utilities 3,045 $294,902,631 0%
Approvals through 03/21/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars Veteran Loans Approved Net Dollars
Female 423,354 $19,373,519,012 Non-Veteran 1,035,188 $66,997,582,495
Male 879,668 $66,798,933,724 Unknown/NotStated 2,000,905 $124,272,388,737
Unknown/NotStated 1,799,253 $109,629,262,679 Veteran 66,182 $4,531,744,183
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 34,387 $1,897,952,466 Hispanic or Latino 113,881 $5,780,861,128
Asian 96,543 $5,223,078,366 Not Hispanic or Latino 905,058 $58,440,184,660
Black or African American 190,609 $4,856,488,897 Unknown/NotStated 2,083,336 $131,580,669,627
Eskimo & Aleut 6 $154,379
Multi Group 11 $330,364
Native Hawaiian or Other Pacific
2,759 $141,402,590
Islander
Puerto Rican 159 $6,528,267
Unanswered 2,267,178 $152,063,369,720
White 510,623 $31,612,410,366
Approvals through 03/21/2021 9
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- SHA-256
- c3ba3a78edd30df60dad613fa8c48cd6726bf91a818964cb97453a0c051d8d3b
- Our copy
- PPP_Report_Public_210321-508.pdf
- Original
- legacy.sba.gov