Paycheck Protection Program (PPP) Report: Approvals through 05/09/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 05/09/2021. All PPP lending stands at 10,858,725 loans for $782,242,932,526 from 5,471 lenders, and 2021 lending at 5,716,350 loans for $260,021,426,137 from 5,244 lenders. First Draw Loans number 3,106,979 for $58,097,108,280 and Second Draw Loans 2,609,371 for $201,924,317,857. Harvest Small Business Finance, LLC made 397,060 loans for $6,781,821,949, while Benworth Capital made 316,300 averaging $13,833 and Fountainhead SBF LLC 258,648 averaging $13,857. Loans of $50K and Under were 85.2% of the count and 29.4% of the amount, and race was Unanswered on 4,102,827 loans.
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“Paycheck Protection Program (PPP) Report: Approvals through 05/09/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-6578e67033/
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Paycheck Protection
Program (PPP) Report
Approvals through 05/09/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
10,858,725 $782,242,932,526 5,471
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
5,716,350 $260,021,426,137 5,244
Approvals through 05/09/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 3,106,979 $58,097,108,280 $18,699 5,167
First Draw Loans with 10 or fewer employees 3,065,281 $46,165,907,706 $15,061 5,154
First Draw Loans LMI & Less than $250k 1,059,245 $17,453,486,649 $16,477 4,628
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 2,609,371 $201,924,317,857 $77,384 5,213
Second Draw Loans with 10 or fewer employees 2,097,633 $58,638,479,547 $27,955 5,196
Second Draw Loans LMI & Less than $250k 611,707 $24,573,457,443 $40,172 4,717
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 5,716,350 $260,021,426,137 $45,487 5,244
PPP Loans by Community Financial Institutions 761,181 $19,557,976,762 $25,694 490
PPP Loans by Insured Depository Institutions
1,690,957 $98,549,969,170 $58,281 4,112
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 143,394 $4,915,606,487 $34,280 852
PPP Loans by Farm Credit System Institutions
19,442 $404,182,550 $20,789 41
<$10B in Assets
Approvals through 05/09/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 112 1,781,089 $117,182,759,078
Banks and S&Ls(less than $10B) 4,112 1,690,957 $98,549,969,170
Fintechs (and other State Regulated) 41 1,098,301 $20,672,909,593
Small Business Lending Companies 13 756,731 $14,094,990,153
Credit Unions (less than $10B) 852 143,394 $4,915,606,487
Microlenders 31 156,263 $2,609,935,079
Farm Credit Lenders 47 35,643 $862,029,149
Credit Unions ($10B or more) 8 14,639 $431,510,144
Non Bank CDFI Funds 9 30,413 $419,605,895
Certified Development Companies 18 8,901 $281,813,152
BIDCOs 1 19 $298,236
To Be Confirmed 0 0 $0
Total 5,244 5,716,350 $260,021,426,137
Approvals through 05/09/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 11,160 $726,476,352 LA 118,365 $4,412,367,268 OR 47,244 $2,969,224,092
AL 87,116 $2,978,371,671 MA 93,782 $6,685,307,721 PA 152,597 $9,425,966,758
AR 52,347 $1,584,894,830 MD 93,608 $4,781,586,765 PR 25,909 $877,077,234
AS 26 $671,134 ME 18,513 $977,416,527 RI 15,888 $975,567,769
AZ 74,458 $3,608,338,012 MI 150,751 $7,928,102,197 SC 71,133 $2,733,831,148
CA 582,379 $33,734,521,003 MN 117,622 $5,205,483,281 SD 39,909 $1,030,109,790
CO 79,200 $4,584,838,875 MO 129,675 $4,401,276,173 TN 117,898 $4,192,112,345
CT 51,034 $3,152,931,355 MP 439 $25,213,416 TX 466,880 $20,645,770,559
DC 14,178 $1,118,564,899 MS 75,185 $1,981,701,876 UT 30,503 $1,793,520,719
DE 12,796 $702,634,788 MT 22,260 $799,275,406 VA 97,846 $5,277,120,237
FL 494,843 $17,337,614,570 NC 115,253 $5,199,337,694 VI 1,085 $70,962,636
GA 322,856 $9,408,828,557 ND 30,255 $1,091,813,261 VT 8,914 $550,002,436
GU 1,315 $100,154,777 NE 68,013 $1,863,864,502 WA 82,227 $5,719,028,100
HI 18,681 $1,335,096,333 NH 15,855 $1,132,806,276 WI 93,981 $4,238,529,631
IA 107,986 $2,896,697,765 NJ 134,362 $8,034,409,797 WV 14,666 $784,586,872
ID 20,374 $889,459,864 NM 17,059 $1,094,686,957 WY 11,863 $587,840,926
IL 375,722 $14,188,547,035 NV 63,130 $2,485,832,160 To be confirmed 2 $16,587
IN 95,317 $4,169,443,830 NY 357,556 $21,487,018,505
KS 71,452 $2,329,645,085 OH 183,600 $8,409,125,168
KY 74,538 $2,475,888,666 OK 84,744 $2,829,913,943
Approvals through 05/09/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 4,870,794 $76,363,587,972 85.2% 29.4%
>$50K - $100K 364,925 $26,021,254,261 6.4% 10.0%
>$100K - $150K 178,311 $22,154,595,955 3.1% 8.5%
>$150K - $350K 184,273 $41,701,739,811 3.2% 16.0%
>$350K - $1M 91,837 $51,285,322,745 1.6% 19.7%
>$1M - $2M 25,512 $38,748,172,444 0.4% 14.9%
>$2M - $5M 392 $1,238,486,217 0.0% 0.5%
>$5M 306 $2,508,266,731 0.0% 1.0%
* Overall average loan size is: $45K.
Approvals through 05/09/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 157,018 $12,053,039,872 $76,762
2 Bank of America 146,953 $8,894,495,008 $60,526
3 Harvest Small Business Finance, LLC 397,060 $6,781,821,949 $17,080
4 Capital Plus Financial, LLC 380,420 $6,607,199,809 $17,368
5 Cross River Bank 286,849 $6,537,307,008 $22,790
6 Itria Ventures LLC 184,119 $5,124,349,355 $27,832
7 Customers Bank 213,010 $4,427,396,439 $20,785
8 Benworth Capital 316,300 $4,375,349,517 $13,833
9 PNC Bank 45,188 $4,306,925,395 $95,311
10 TD Bank 46,741 $3,658,250,764 $78,266
11 Fountainhead SBF LLC 258,648 $3,584,125,085 $13,857
12 Truist Bank 37,122 $3,548,147,247 $95,581
13 Wells Fargo Bank 86,630 $3,432,817,281 $39,626
14 U.S. Bank 66,195 $3,205,473,678 $48,425
15 KeyBank 26,113 $2,895,292,028 $110,876
Approvals through 05/09/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 413,649 $40,166,661,560 15%
Construction 486,555 $32,008,135,505 12%
Health Care and Social Assistance 426,762 $27,386,709,753 11%
Professional, Scientific, and Technical Services 584,694 $27,181,988,787 10%
Other Services (except Public Administration) 908,742 $23,929,231,242 9%
Manufacturing 191,605 $21,497,224,666 8%
Retail Trade 396,780 $13,936,733,564 5%
Transportation and Warehousing 582,460 $13,250,364,789 5%
Administrative and Support and Waste Management and Remediation Services 318,390 $11,654,039,046 4%
Wholesale Trade 155,633 $9,789,916,813 4%
Agriculture, Forestry, Fishing and Hunting 517,937 $9,755,945,137 4%
Arts, Entertainment, and Recreation 188,238 $6,871,625,030 3%
Real Estate and Rental and Leasing 229,600 $6,781,200,844 3%
Educational Services 90,371 $4,856,354,647 2%
Information 65,717 $3,923,898,145 2%
Finance and Insurance 112,104 $3,152,103,957 1%
Mining 20,069 $2,336,611,234 1%
Public Administration 15,499 $711,502,637 0%
Management of Companies and Enterprises 6,365 $451,931,480 0%
Utilities 5,180 $379,247,299 0%
Approvals through 05/09/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars Veteran Loans Approved Net Dollars
Female 922,320 $28,897,223,561 Non-Veteran 2,037,002 $90,297,220,284
Male 1,520,089 $84,935,132,917 Unknown/NotStated 3,564,559 $163,867,183,456
Unknown/NotStated 3,273,941 $146,189,069,660 Veteran 114,789 $5,857,022,397
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 50,602 $2,382,302,784 Hispanic or Latino 203,689 $7,972,690,867
Asian 139,476 $6,695,143,294 Not Hispanic or Latino 1,633,457 $76,730,208,011
Black or African American 597,564 $12,267,882,376 Unknown/NotStated 3,879,204 $175,318,527,258
Eskimo & Aleut 13 $367,852
Multi Group 20 $562,556
Native Hawaiian or Other Pacific
5,668 $211,877,795
Islander
Puerto Rican 276 $10,313,886
Unanswered 4,102,827 $197,359,762,129
White 819,904 $41,093,213,464
Approvals through 05/09/2021 9
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- a056441dc58e70cfbaa0961103d004c47b54703e17a6bf375ad12a280e7db723
- Our copy
- PPP_Report_Public_210509-508.pdf
- Original
- legacy.sba.gov