Paycheck Protection Program (PPP) Report: Approvals through 05/02/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 05/02/2021. All PPP lending stands at 10,784,438 loans for $780,473,244,140, and 2021 lending at 5,641,576 loans for $258,225,607,900 from 5,249 lenders. First Draw Loans now number 3,061,692 for $57,266,451,708, against 2,579,884 Second Draw Loans for $200,959,156,192. JPMorgan Chase Bank led by dollars with 156,012 loans, but Harvest Small Business Finance, LLC made 388,179 loans averaging $17,016 and Capital Plus Financial, LLC made 380,394. Loans of $50K and Under were 85.1% of the count and 29.1% of the amount, and the overall average loan size was $46K.
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“Paycheck Protection Program (PPP) Report: Approvals through 05/02/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-1e37dbcd35/
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Paycheck Protection
Program (PPP) Report
Approvals through 05/02/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
10,784,438 $780,473,244,140 5,476
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
5,641,576 $258,225,607,900 5,249
Approvals through 05/02/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 3,061,692 $57,266,451,708 $18,704 5,170
First Draw Loans with 10 or fewer employees 3,020,362 $45,441,304,370 $15,045 5,157
First Draw Loans LMI & Less than $250k 1,041,816 $17,154,315,602 $16,466 4,627
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 2,579,884 $200,959,156,192 $77,895 5,217
Second Draw Loans with 10 or fewer employees 2,069,585 $58,119,642,403 $28,083 5,200
Second Draw Loans LMI & Less than $250k 601,155 $24,354,581,541 $40,513 4,718
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 5,641,576 $258,225,607,900 $45,772 5,249
PPP Loans by Community Financial Institutions 748,581 $19,174,016,505 $25,614 454
PPP Loans by Insured Depository Institutions
1,677,956 $98,165,696,801 $58,503 4,116
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 141,730 $4,873,706,693 $34,387 844
PPP Loans by Farm Credit System Institutions
19,345 $402,058,797 $20,784 41
<$10B in Assets
Approvals through 05/02/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 112 1,766,521 $116,588,061,930
Banks and S&Ls(less than $10B) 4,116 1,677,956 $98,165,696,801
Fintechs (and other State Regulated) 34 1,080,592 $20,406,169,170
Small Business Lending Companies 13 728,817 $13,566,632,387
Credit Unions (less than $10B) 844 141,730 $4,873,706,693
Microlenders 31 156,137 $2,608,148,401
Farm Credit Lenders 47 35,453 $856,307,917
Credit Unions ($10B or more) 8 14,555 $428,172,575
Non Bank CDFI Funds 8 29,671 $415,244,603
Certified Development Companies 18 8,844 $280,352,491
To Be Confirmed 17 1,281 $36,816,696
BIDCOs 1 19 $298,236
Total 5,249 5,641,576 $258,225,607,900
Approvals through 05/02/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 11,068 $723,746,770 LA 116,816 $4,381,689,363 OR 46,844 $2,958,819,821
AL 85,759 $2,949,835,557 MA 92,854 $6,652,698,425 PA 150,724 $9,366,234,316
AR 51,516 $1,569,456,379 MD 92,221 $4,744,677,997 PR 25,648 $866,128,283
AS 26 $671,134 ME 18,346 $974,828,499 RI 15,692 $966,507,769
AZ 73,301 $3,579,295,240 MI 148,781 $7,874,629,222 SC 70,082 $2,712,094,033
CA 574,293 $33,503,665,160 MN 116,414 $5,174,138,766 SD 39,656 $1,025,374,550
CO 78,404 $4,561,852,479 MO 128,297 $4,371,360,333 TN 116,466 $4,163,377,680
CT 50,530 $3,136,072,033 MP 437 $24,865,258 TX 460,646 $20,515,228,512
DC 13,993 $1,110,494,063 MS 73,813 $1,958,906,712 UT 30,257 $1,782,526,248
DE 12,626 $698,145,294 MT 22,088 $796,302,960 VA 96,637 $5,247,427,415
FL 487,343 $17,178,461,185 NC 113,612 $5,161,627,825 VI 1,066 $70,352,489
GA 316,968 $9,295,025,400 ND 30,075 $1,088,656,037 VT 8,841 $547,933,196
GU 1,310 $100,031,431 NE 67,548 $1,855,591,743 WA 81,719 $5,687,166,511
HI 18,574 $1,333,534,845 NH 15,766 $1,125,851,519 WI 92,962 $4,218,147,358
IA 107,184 $2,880,382,550 NJ 132,886 $7,983,250,266 WV 14,484 $779,530,757
ID 20,193 $883,668,307 NM 16,877 $1,090,444,023 WY 11,795 $583,334,403
IL 370,071 $14,067,549,449 NV 62,071 $2,463,519,471 To be confirmed 2 $16,587
IN 94,112 $4,146,720,114 NY 352,737 $21,357,910,469
KS 70,703 $2,310,627,215 OH 180,737 $8,345,018,539
KY 73,732 $2,462,996,979 OK 83,973 $2,817,208,966
Approvals through 05/02/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 4,798,830 $75,218,836,660 85.1% 29.1%
>$50K - $100K 363,642 $25,930,513,028 6.4% 10.0%
>$100K - $150K 177,680 $22,075,014,513 3.1% 8.5%
>$150K - $350K 183,812 $41,597,207,459 3.3% 16.1%
>$350K - $1M 91,519 $51,100,238,018 1.6% 19.8%
>$1M - $2M 25,398 $38,565,324,937 0.5% 14.9%
>$2M - $5M 388 $1,222,292,521 0.0% 0.5%
>$5M 307 $2,516,180,764 0.0% 1.0%
* Overall average loan size is: $46K.
Approvals through 05/02/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 156,012 $11,974,649,714 $76,755
2 Bank of America 146,349 $8,866,636,106 $60,586
3 Harvest Small Business Finance, LLC 388,179 $6,605,063,578 $17,016
4 Capital Plus Financial, LLC 380,394 $6,601,378,677 $17,354
5 Cross River Bank 281,535 $6,432,832,781 $22,849
6 Itria Ventures LLC 191,015 $5,286,208,108 $27,674
7 Customers Bank 212,140 $4,425,245,941 $20,860
8 PNC Bank 44,974 $4,295,105,155 $95,502
9 Benworth Capital 296,431 $4,064,401,213 $13,711
10 TD Bank 46,490 $3,633,912,070 $78,165
11 Truist Bank 36,771 $3,512,672,780 $95,528
12 Wells Fargo Bank 85,850 $3,398,231,492 $39,583
13 Fountainhead SBF LLC 241,952 $3,283,953,024 $13,573
14 U.S. Bank 65,659 $3,189,031,309 $48,570
15 KeyBank 25,784 $2,876,150,850 $111,548
Approvals through 05/02/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 408,688 $39,964,268,123 15%
Construction 480,866 $31,840,930,370 12%
Health Care and Social Assistance 421,902 $27,219,324,829 11%
Professional, Scientific, and Technical Services 578,363 $27,027,120,633 10%
Other Services (except Public Administration) 893,607 $23,637,272,249 9%
Manufacturing 189,642 $21,403,755,932 8%
Retail Trade 391,755 $13,832,819,174 5%
Transportation and Warehousing 571,573 $13,078,393,406 5%
Administrative and Support and Waste Management and Remediation Services 312,772 $11,552,542,578 4%
Wholesale Trade 153,580 $9,719,023,422 4%
Agriculture, Forestry, Fishing and Hunting 514,453 $9,697,316,910 4%
Arts, Entertainment, and Recreation 186,029 $6,822,750,566 3%
Real Estate and Rental and Leasing 226,587 $6,725,728,911 3%
Educational Services 89,453 $4,814,106,204 2%
Information 65,018 $3,901,238,513 2%
Finance and Insurance 110,679 $3,121,060,682 1%
Mining 19,919 $2,338,511,099 1%
Public Administration 15,289 $705,536,894 0%
Management of Companies and Enterprises 6,273 $445,676,703 0%
Utilities 5,128 $378,230,701 0%
Approvals through 05/02/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars Veteran Loans Approved Net Dollars
Female 910,844 $28,554,200,734 Non-Veteran 2,013,878 $89,562,066,199
Male 1,504,514 $84,385,655,958 Unknown/NotStated 3,514,270 $162,860,240,313
Unknown/NotStated 3,226,218 $145,285,751,209 Veteran 113,428 $5,803,301,389
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 50,157 $2,367,666,636 Hispanic or Latino 201,413 $7,878,640,599
Asian 135,798 $6,488,979,009 Not Hispanic or Latino 1,620,810 $76,180,337,872
Black or African American 595,509 $12,215,117,449 Unknown/NotStated 3,819,353 $174,166,629,430
Eskimo & Aleut 13 $367,852
Multi Group 20 $562,556
Native Hawaiian or Other Pacific
5,644 $208,261,509
Islander
Puerto Rican 273 $10,249,253
Unanswered 4,041,812 $196,167,390,986
White 812,350 $40,767,012,650
Approvals through 05/02/2021 9
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- Our copy
- PPP_Report_Public_210502-508.pdf
- Original
- legacy.sba.gov