Paycheck Protection Program (PPP) Report: Approvals through 04/25/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 04/25/2021. All PPP lending stands at 10,288,286 loans for $770,731,428,510 from 5,476 lenders, and 2021 lending at 5,145,366 loans for $248,485,474,001 from 5,247 lenders. First Draw Loans number 2,712,668 for $51,223,273,376 and Second Draw Loans 2,432,698 for $197,262,200,625. JPMorgan Chase Bank led with 151,945 loans for $11,701,522,173, and Capital Plus Financial, LLC ranked third with 359,974 loans averaging $17,400. The 34 Fintechs (and other State Regulated) lenders made 921,972 loans for $18,117,257,003, and loans of $50K and Under were 83.8% of the count and 27.3% of the amount.
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“Paycheck Protection Program (PPP) Report: Approvals through 04/25/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-44ce822b07/
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Paycheck Protection
Program (PPP) Report
Approvals through 04/25/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
10,288,286 $770,731,428,510 5,476
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
5,145,366 $248,485,474,001 5,247
Approvals through 04/25/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 2,712,668 $51,223,273,376 $18,883 5,166
First Draw Loans with 10 or fewer employees 2,672,532 $39,983,490,762 $14,961 5,153
First Draw Loans LMI & Less than $250k 899,270 $14,835,179,645 $16,497 4,601
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 2,432,698 $197,262,200,625 $81,088 5,214
Second Draw Loans with 10 or fewer employees 1,927,635 $55,846,238,274 $28,971 5,197
Second Draw Loans LMI & Less than $250k 550,479 $23,473,557,814 $42,642 4,700
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 5,145,366 $248,485,474,001 $48,293 5,247
PPP Loans by Community Financial Institutions 675,013 $17,993,265,986 $26,656 453
PPP Loans by Insured Depository Institutions
1,617,157 $96,603,725,945 $59,737 4,116
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 135,999 $4,772,819,235 $35,095 842
PPP Loans by Farm Credit System Institutions
18,683 $388,606,619 $20,800 41
<$10B in Assets
Approvals through 04/25/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 112 1,705,982 $114,309,174,522
Banks and S&Ls(less than $10B) 4,116 1,617,157 $96,603,725,945
Fintechs (and other State Regulated) 34 921,972 $18,117,257,003
Small Business Lending Companies 13 565,677 $10,766,247,926
Credit Unions (less than $10B) 842 135,999 $4,772,819,235
Microlenders 31 113,888 $1,960,831,941
Farm Credit Lenders 47 34,509 $834,109,706
Credit Unions ($10B or more) 8 14,084 $420,080,795
Non Bank CDFI Funds 8 28,958 $408,585,178
Certified Development Companies 18 5,947 $257,109,943
To Be Confirmed 17 1,176 $35,245,115
BIDCOs 1 17 $286,691
Total 5,247 5,145,366 $248,485,474,001
Approvals through 04/25/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 10,435 $708,546,048 LA 103,621 $4,163,467,576 OR 44,416 $2,887,002,525
AL 75,938 $2,790,746,100 MA 87,110 $6,515,312,769 PA 137,290 $9,082,061,624
AR 46,394 $1,487,489,183 MD 82,621 $4,567,200,912 PR 24,585 $848,503,985
AS 23 $557,396 ME 17,496 $960,273,922 RI 14,429 $938,533,153
AZ 66,757 $3,439,946,299 MI 133,037 $7,573,892,571 SC 60,613 $2,542,511,291
CA 523,673 $32,381,608,821 MN 109,892 $5,038,249,309 SD 37,893 $995,099,879
CO 74,250 $4,481,776,432 MO 119,728 $4,217,296,154 TN 104,929 $3,963,659,865
CT 47,489 $3,059,721,777 MP 433 $24,745,723 TX 417,819 $19,710,771,429
DC 12,552 $1,074,628,073 MS 63,706 $1,795,709,116 UT 28,839 $1,754,660,625
DE 11,236 $668,348,660 MT 21,202 $778,429,134 VA 88,325 $5,096,699,526
FL 438,554 $16,341,703,691 NC 103,195 $4,964,058,041 VI 1,014 $68,477,467
GA 274,303 $8,541,553,577 ND 28,858 $1,049,823,833 VT 8,426 $540,138,305
GU 1,283 $99,492,756 NE 65,070 $1,813,484,469 WA 77,114 $5,531,006,183
HI 17,721 $1,311,266,133 NH 15,095 $1,110,883,627 WI 86,964 $4,105,661,050
IA 102,646 $2,802,445,631 NJ 122,739 $7,750,466,057 WV 13,527 $762,726,575
ID 19,011 $860,378,281 NM 15,850 $1,068,184,409 WY 11,352 $574,002,931
IL 336,770 $13,406,961,718 NV 55,658 $2,338,390,242 To be confirmed 2 $16,587
IN 85,065 $3,977,030,094 NY 322,261 $20,578,365,227
KS 66,906 $2,238,404,114 OH 161,178 $7,972,111,962
KY 68,722 $2,386,577,973 OK 79,351 $2,744,413,192
Approvals through 04/25/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 4,312,593 $67,847,111,684 83.8% 27.3%
>$50K - $100K 358,949 $25,599,352,797 7.0% 10.3%
>$100K - $150K 175,587 $21,812,284,104 3.4% 8.8%
>$150K - $350K 181,949 $41,176,202,265 3.5% 16.6%
>$350K - $1M 90,581 $50,570,585,297 1.8% 20.4%
>$1M - $2M 25,057 $38,033,947,355 0.5% 15.3%
>$2M - $5M 372 $1,170,994,726 0.0% 0.5%
>$5M 278 $2,274,995,773 0.0% 0.9%
* Overall average loan size is: $48K.
Approvals through 04/25/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 151,945 $11,701,522,173 $77,012
2 Bank of America 143,762 $8,731,455,951 $60,735
3 Capital Plus Financial, LLC 359,974 $6,263,451,229 $17,400
4 Cross River Bank 266,789 $6,161,222,473 $23,094
5 Itria Ventures LLC 207,597 $5,674,835,648 $27,336
6 Harvest Small Business Finance, LLC 267,909 $4,543,061,388 $16,957
7 PNC Bank 43,889 $4,255,118,508 $96,952
8 Customers Bank 201,178 $4,215,341,815 $20,953
9 TD Bank 45,227 $3,548,826,830 $78,467
10 Truist Bank 35,333 $3,418,183,950 $96,742
11 Wells Fargo Bank 82,311 $3,279,584,614 $39,844
12 U.S. Bank 63,005 $3,075,700,235 $48,817
13 Zions Bank 27,601 $2,824,682,326 $102,340
14 KeyBank 24,695 $2,794,201,619 $113,148
15 M&T Bank 23,157 $2,755,624,545 $118,997
Approvals through 04/25/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 378,949 $39,089,651,819 16%
Construction 444,765 $31,016,703,451 12%
Health Care and Social Assistance 390,307 $26,258,640,119 11%
Professional, Scientific, and Technical Services 538,842 $26,251,400,280 11%
Other Services (except Public Administration) 792,980 $21,909,436,161 9%
Manufacturing 176,103 $21,028,104,383 8%
Retail Trade 356,474 $13,171,629,372 5%
Transportation and Warehousing 491,709 $11,940,420,347 5%
Administrative and Support and Waste Management and Remediation Services 273,623 $10,858,833,004 4%
Wholesale Trade 138,869 $9,408,762,661 4%
Agriculture, Forestry, Fishing and Hunting 494,881 $9,366,846,453 4%
Arts, Entertainment, and Recreation 170,026 $6,533,306,406 3%
Real Estate and Rental and Leasing 207,678 $6,416,135,391 3%
Educational Services 83,496 $4,689,392,296 2%
Information 60,547 $3,796,706,055 2%
Finance and Insurance 102,389 $2,954,097,782 1%
Mining 19,072 $2,314,598,663 1%
Public Administration 14,054 $674,679,281 0%
Management of Companies and Enterprises 5,827 $437,055,472 0%
Utilities 4,775 $369,074,604 0%
Approvals through 04/25/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars Veteran Loans Approved Net Dollars
Female 830,541 $27,215,462,697 Non-Veteran 1,853,505 $86,456,328,180
Male 1,404,499 $82,167,504,938 Unknown/NotStated 3,186,135 $156,390,902,158
Unknown/NotStated 2,910,326 $139,102,506,366 Veteran 105,726 $5,638,243,663
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 47,514 $2,304,933,870 Hispanic or Latino 189,051 $7,627,669,155
Asian 130,904 $6,364,871,277 Not Hispanic or Latino 1,530,295 $74,249,339,040
Black or African American 544,317 $11,360,409,011 Unknown/NotStated 3,426,020 $166,608,465,806
Eskimo & Aleut 12 $347,019
Multi Group 19 $549,744
Native Hawaiian or Other Pacific
5,273 $200,866,153
Islander
Puerto Rican 267 $10,177,472
Unanswered 3,643,986 $188,465,519,029
White 773,074 $39,777,800,426
Approvals through 04/25/2021 9
File and source
- File
- PPP_Report_Public_210425-508.pdf
- Size
- 294,180 bytes
- SHA-256
- dbba92402dc606645ba31d5e314e4426055ebe0ab22965d07367681cad47dc75
- Our copy
- PPP_Report_Public_210425-508.pdf
- Original
- legacy.sba.gov