Paycheck Protection Program (PPP) Report: Approvals through 01/31/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 01/31/2021. All PPP lending stands at 6,039,747 loans for $595,501,881,603 from 5,460 lenders, and 2021 lending at 891,044 loans for $72,740,500,280 from 4,942 lenders. Second Draw Loans account for 664,708 of the 2021 loans and $67,951,855,331, averaging $102,228, while 226,336 First Draw Loans average $21,157. Bank of America led the 2021 lenders with 35,627 loans for $1,929,282,269, ahead of JPMorgan Chase Bank with 19,578. Loans of $50K and Under were 67.9% of the count and 15.1% of the amount, the overall average loan size was $82K, and gender was Unknown/NotStated on 814,957 loans.
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“Paycheck Protection Program (PPP) Report: Approvals through 01/31/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-33f4e054d2/
, SHA-256 9a65119958c417fc79c0469d62eee354c6fa8064c9c173a51b43b3f30a82a211.Full text
Paycheck Protection
Program (PPP) Report
Approvals through 01/31/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
6,039,747 $595,501,881,603 5,460
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
891,044 $72,740,500,280 4,942
Approvals through 01/31/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 226,336 $4,788,644,948 $21,157 4,368
First Draw Loans with 10 or fewer employees 220,385 $3,396,077,223 $15,410 4,328
First Draw Loans LMI & Less than $250k 38,718 $698,005,649 $18,028 2,695
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 664,708 $67,951,855,331 $102,228 4,845
Second Draw Loans with 10 or fewer employees 482,303 $16,925,117,267 $35,092 4,798
Second Draw Loans LMI & Less than $250k 133,640 $7,450,388,521 $55,750 3,917
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 891,044 $72,740,500,280 $81,635 4,942
PPP Loans by Community Financial Institutions 46,090 $3,438,047,284 $74,594 412
PPP Loans by Insured Depository Institutions
453,397 $39,434,955,939 $86,977 3,971
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 33,714 $1,773,704,039 $52,610 729
PPP Loans by Farm Credit System Institutions
3,110 $61,658,507 $19,826 32
<$10B in Assets
Approvals through 01/31/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls(less than $10B) 3,971 453,397 $39,434,955,939
Banks and S&Ls($10B or more) 106 318,683 $28,238,821,417
Credit Unions (less than $10B) 729 33,714 $1,773,704,039
Fintechs (and other State Regulated) 25 52,928 $1,678,666,815
Small Business Lending Companies 11 19,827 $1,218,238,381
Farm Credit Lenders 37 5,073 $124,254,554
Credit Unions ($10B or more) 8 2,541 $106,290,740
Microlenders 25 2,641 $75,239,096
Certified Development Companies 16 807 $47,614,346
Non Bank CDFI Funds 8 1,379 $41,888,391
To Be Confirmed 5 51 $784,297
BIDCOs 1 3 $42,265
Total 4,942 891,044 $72,740,500,280
Approvals through 01/31/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 2,217 $228,709,992 LA 12,803 $1,203,008,019 OR 10,936 $1,047,773,021
AL 10,394 $804,483,854 MA 22,707 $2,258,268,774 PA 30,938 $3,102,769,869
AR 7,110 $412,769,211 MD 14,645 $1,454,026,447 PR 2,595 $88,408,073
AS 0 $0 ME 4,666 $371,064,178 RI 4,220 $370,309,660
AZ 10,279 $873,569,660 MI 26,900 $2,810,983,061 SC 7,319 $579,590,766
CA 85,972 $8,444,361,958 MN 27,738 $1,898,741,901 SD 9,695 $331,667,839
CO 15,486 $1,411,622,606 MO 26,198 $1,454,229,496 TN 13,461 $1,116,098,695
CT 11,630 $1,062,403,167 MP 18 $627,093 TX 61,936 $5,575,110,652
DC 1,779 $231,015,342 MS 7,467 $464,863,344 UT 7,054 $629,413,164
DE 1,902 $194,871,524 MT 4,946 $291,452,838 VA 16,549 $1,558,215,694
FL 51,446 $3,615,910,421 NC 14,251 $1,220,506,284 VI 46 $6,277,810
GA 21,390 $1,378,762,117 ND 7,693 $370,449,441 VT 2,721 $240,542,613
GU 126 $9,240,038 NE 21,209 $743,971,220 WA 16,210 $1,865,700,598
HI 1,948 $168,093,008 NH 4,456 $460,066,298 WI 19,080 $1,570,392,400
IA 29,739 $1,040,018,394 NJ 20,559 $2,060,423,938 WV 2,646 $242,648,444
ID 3,235 $247,133,146 NM 3,557 $343,539,227 WY 3,917 $284,441,924
IL 51,380 $4,384,890,919 NV 6,619 $601,683,164 To be confirmed 0 $0
IN 14,373 $1,285,165,937 NY 51,667 $5,102,493,776
KS 17,908 $801,060,148 OH 24,887 $2,248,468,807
KY 13,335 $856,493,289 OK 27,086 $1,321,697,020
Approvals through 01/31/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 604,665 $10,994,274,642 67.9% 15.1%
>$50K - $100K 118,642 $8,529,723,334 13.3% 11.7%
>$100K - $150K 62,555 $7,752,510,783 7.0% 10.7%
>$150K - $350K 64,063 $14,525,962,917 7.2% 20.0%
>$350K - $1M 32,702 $18,281,730,704 3.7% 25.1%
>$1M - $2M 8,357 $12,394,120,948 0.9% 17.0%
>$2M - $5M 46 $153,054,362 0.0% 0.2%
>$5M 14 $109,122,590 0.0% 0.2%
* Overall average loan size is: $82K.
Approvals through 01/31/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 Bank of America 35,627 $1,929,282,269 $54,152
2 JPMorgan Chase Bank 19,578 $1,368,301,563 $69,890
3 M&T Bank 9,381 $1,227,903,610 $130,893
4 Itria Ventures LLC 34,719 $1,173,297,684 $33,794
5 Zions Bank 8,330 $1,113,855,720 $133,716
6 Citizens Bank 18,665 $1,051,203,493 $56,320
7 PNC Bank 8,447 $924,567,466 $109,455
8 Fifth Third Bank 7,816 $897,757,899 $114,862
9 KeyBank 4,278 $744,121,187 $173,941
10 Cross River Bank 30,175 $739,889,840 $24,520
11 Regions Bank 10,263 $697,188,464 $67,932
12 Wells Fargo Bank 18,272 $661,737,384 $36,216
13 Frost Bank 4,651 $614,394,900 $132,100
14 BMO Harris Bank 5,973 $529,725,838 $88,687
15 Northeast Bank 3,283 $519,590,068 $158,267
Approvals through 01/31/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 95,293 $12,984,104,941 18%
Construction 77,351 $9,969,032,203 14%
Professional, Scientific, and Technical Services 109,708 $8,176,795,283 11%
Manufacturing 43,255 $7,974,114,596 11%
Health Care and Social Assistance 82,140 $7,465,637,688 10%
Other Services (except Public Administration) 89,568 $4,573,081,215 6%
Retail Trade 55,918 $3,476,638,654 5%
Wholesale Trade 25,742 $2,989,012,810 4%
Administrative and Support and Waste Management and Remediation Services 34,803 $2,896,527,491 4%
Agriculture, Forestry, Fishing and Hunting 127,848 $2,518,914,796 3%
Transportation and Warehousing 34,708 $2,231,770,316 3%
Arts, Entertainment, and Recreation 27,827 $1,612,403,635 2%
Real Estate and Rental and Leasing 33,875 $1,599,036,926 2%
Educational Services 15,608 $1,276,906,554 2%
Information 11,862 $1,048,454,384 1%
Mining 5,403 $917,681,937 1%
Finance and Insurance 15,559 $597,842,850 1%
Public Administration 2,739 $205,238,505 0%
Management of Companies and Enterprises 962 $118,386,938 0%
Utilities 875 $108,918,558 0%
Approvals through 01/31/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars
Female 23,335 $436,620,111
Male 52,752 $1,151,531,203
Unknown/NotStated 814,957 $71,152,348,966
Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 11,273 $754,630,901
Asian 22,955 $1,295,883,080
Black or African American 20,478 $567,112,044
Eskimo & Aleut 0 $0
Hispanic 27,793 $1,809,444,343
Multi Group 0 $0
Puerto Rican 0 $0
Unanswered 699,534 $60,548,167,889
White 109,011 $7,765,262,024
Veteran Loans Approved Net Dollars
Non-Veteran 58,676 $1,216,345,313
Unknown/NotStated 827,979 $71,430,596,400
Veteran 4,389 $93,558,567
Approvals through 01/31/2021 9
File and source
- File
- PPP_Report_Public_210131-508.pdf
- Size
- 330,690 bytes
- SHA-256
- 9a65119958c417fc79c0469d62eee354c6fa8064c9c173a51b43b3f30a82a211
- Our copy
- PPP_Report_Public_210131-508.pdf
- Original
- legacy.sba.gov