Paycheck Protection Program (PPP) Report: Approvals through 05/16/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 05/16/2021. All PPP lending stands at 11,189,282 loans for $788,131,831,343 from 5,470 lenders, and 2021 lending at 6,047,020 loans for $265,915,407,068 from 5,245 lenders. Prestamos CDFI, LLC ranks sixth among the top lenders with 330,660 loans for $5,139,913,795, averaging $15,544, and Harvest Small Business Finance, LLC made 413,162 loans. The 34 Microlenders made 350,854 loans for $5,572,587,219. Loans of $50K and Under were 85.9% of the count and 30.5% of the amount, and the overall average loan size was $44K.
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“Paycheck Protection Program (PPP) Report: Approvals through 05/16/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-72c3d91d3e/
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Paycheck Protection
Program (PPP) Report
Approvals through 05/16/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
11,189,282 $788,131,831,343 5,470
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
6,047,020 $265,915,407,068 5,245
Approvals through 05/16/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 3,359,047 $62,101,243,048 $18,488 5,171
First Draw Loans with 10 or fewer employees 3,316,339 $49,840,119,880 $15,029 5,158
First Draw Loans LMI & Less than $250k 1,167,238 $19,103,939,227 $16,367 4,634
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 2,687,973 $203,814,164,020 $75,824 5,217
Second Draw Loans with 10 or fewer employees 2,174,107 $59,968,004,808 $27,583 5,200
Second Draw Loans LMI & Less than $250k 642,483 $25,146,524,012 $39,140 4,727
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 6,047,020 $265,915,407,068 $43,975 5,245
PPP Loans by Community Financial Institutions 1,032,582 $24,186,060,934 $23,423 500
PPP Loans by Insured Depository Institutions
1,748,596 $99,872,081,076 $57,116 4,110
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 146,934 $5,019,204,694 $34,160 851
PPP Loans by Farm Credit System Institutions
19,475 $404,853,447 $20,788 41
<$10B in Assets
Approvals through 05/16/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 112 1,791,763 $117,560,166,491
Banks and S&Ls(less than $10B) 4,110 1,748,596 $99,872,081,076
Fintechs (and other State Regulated) 41 1,118,622 $20,982,761,435
Small Business Lending Companies 13 791,358 $14,793,929,374
Microlenders 34 350,854 $5,572,587,219
Credit Unions (less than $10B) 851 146,934 $5,019,204,694
Farm Credit Lenders 47 35,697 $862,986,545
Non Bank CDFI Funds 9 33,569 $460,484,768
Credit Unions ($10B or more) 8 14,797 $434,347,428
Certified Development Companies 18 14,589 $352,873,417
To Be Confirmed 1 222 $3,686,387
BIDCOs 1 19 $298,236
Total 5,245 6,047,020 $265,915,407,069
Approvals through 05/16/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 11,394 $730,943,972 LA 130,419 $4,614,805,909 OR 48,779 $3,002,733,529
AL 94,458 $3,116,714,099 MA 96,913 $6,760,729,368 PA 162,026 $9,598,810,077
AR 55,632 $1,647,216,747 MD 100,108 $4,894,076,205 PR 27,929 $910,779,884
AS 36 $1,180,553 ME 18,912 $985,161,528 RI 16,384 $983,455,769
AZ 79,955 $3,702,328,355 MI 161,283 $8,110,485,894 SC 78,769 $2,855,065,960
CA 616,989 $34,404,405,364 MN 120,389 $5,258,813,408 SD 40,188 $1,034,347,703
CO 81,918 $4,628,746,499 MO 133,837 $4,472,624,468 TN 125,252 $4,314,136,103
CT 52,568 $3,181,927,642 MP 446 $25,351,799 TX 499,371 $21,196,109,160
DC 15,341 $1,143,612,200 MS 83,024 $2,114,721,265 UT 31,224 $1,806,053,062
DE 13,815 $721,027,562 MT 22,774 $809,358,869 VA 103,199 $5,367,206,196
FL 529,018 $17,898,637,162 NC 124,066 $5,339,522,776 VI 1,218 $73,362,836
GA 355,820 $9,972,180,483 ND 30,583 $1,097,837,684 VT 9,174 $556,125,053
GU 1,381 $103,742,771 NE 68,767 $1,879,584,504 WA 84,963 $5,769,124,048
HI 19,214 $1,344,480,272 NH 16,092 $1,143,814,696 WI 96,931 $4,284,366,470
IA 109,202 $2,916,318,185 NJ 140,652 $8,157,622,160 WV 15,077 $794,071,455
ID 21,024 $902,925,128 NM 17,799 $1,112,070,768 WY 12,034 $591,190,441
IL 393,921 $14,523,490,830 NV 68,391 $2,575,052,507 To be confirmed 4 $57,419
IN 100,574 $4,257,175,605 NY 376,088 $21,888,962,760
KS 72,527 $2,348,585,408 OH 195,736 $8,630,604,633
KY 76,437 $2,501,335,162 OK 86,995 $2,860,236,706
Approvals through 05/16/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 5,196,209 $81,140,626,361 85.9% 30.5%
>$50K - $100K 367,435 $26,199,552,130 6.1% 9.9%
>$100K - $150K 179,565 $22,313,280,336 3.0% 8.4%
>$150K - $350K 185,184 $41,909,203,393 3.1% 15.8%
>$350K - $1M 92,236 $51,505,794,169 1.5% 19.4%
>$1M - $2M 25,672 $38,999,979,172 0.4% 14.7%
>$2M - $5M 406 $1,282,400,850 0.0% 0.5%
>$5M 313 $2,564,570,657 0.0% 1.0%
* Overall average loan size is: $44K.
Approvals through 05/16/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 157,416 $12,093,235,152 $76,823
2 Bank of America 147,107 $8,907,613,977 $60,552
3 Harvest Small Business Finance, LLC 413,162 $7,107,045,772 $17,202
4 Capital Plus Financial, LLC 386,776 $6,716,611,380 $17,366
5 Cross River Bank 287,389 $6,549,325,969 $22,789
6 Prestamos CDFI, LLC 330,660 $5,139,913,795 $15,544
7 Itria Ventures LLC 182,466 $5,072,460,485 $27,799
8 Benworth Capital 328,576 $4,538,669,677 $13,813
9 Customers Bank 217,551 $4,487,867,615 $20,629
10 PNC Bank 45,255 $4,311,446,941 $95,270
11 Fountainhead SBF LLC 274,836 $3,855,382,836 $14,028
12 TD Bank 46,954 $3,674,216,158 $78,251
13 Truist Bank 37,373 $3,578,740,297 $95,757
14 Wells Fargo Bank 86,999 $3,451,147,859 $39,669
15 U.S. Bank 66,395 $3,210,716,033 $48,358
Approvals through 05/16/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 427,621 $40,536,211,823 15%
Construction 515,400 $32,545,115,397 12%
Health Care and Social Assistance 445,546 $27,857,473,116 10%
Professional, Scientific, and Technical Services 609,072 $27,635,422,345 10%
Other Services (except Public Administration) 976,356 $25,092,662,374 9%
Manufacturing 203,283 $21,730,710,130 8%
Retail Trade 422,896 $14,405,972,959 5%
Transportation and Warehousing 641,306 $14,049,545,280 5%
Administrative and Support and Waste Management and Remediation Services 342,374 $12,071,036,378 5%
Wholesale Trade 167,568 $10,001,026,926 4%
Agriculture, Forestry, Fishing and Hunting 523,596 $9,856,390,681 4%
Arts, Entertainment, and Recreation 202,910 $7,097,154,415 3%
Real Estate and Rental and Leasing 240,100 $6,946,842,917 3%
Educational Services 94,240 $4,943,601,684 2%
Information 69,068 $3,989,255,954 2%
Finance and Insurance 116,677 $3,234,500,840 1%
Mining 20,703 $2,354,408,342 1%
Public Administration 16,394 $729,430,213 0%
Management of Companies and Enterprises 6,469 $454,865,944 0%
Utilities 5,441 $383,779,349 0%
Approvals through 05/16/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars Veteran Loans Approved Net Dollars
Female 1,024,126 $30,668,923,966 Non-Veteran 2,230,349 $93,745,381,415
Male 1,629,468 $87,056,402,052 Unknown/NotStated 3,692,869 $166,118,362,012
Unknown/NotStated 3,393,426 $148,190,081,050 Veteran 123,802 $6,051,663,642
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 52,969 $2,421,107,896 Hispanic or Latino 227,254 $8,411,944,712
Asian 148,406 $7,069,923,369 Not Hispanic or Latino 1,793,107 $79,692,890,248
Black or African American 714,501 $14,189,156,000 Unknown/NotStated 4,026,659 $177,810,572,108
Eskimo & Aleut 13 $367,852
Multi Group 21 $568,056
Native Hawaiian or Other Pacific
6,852 $232,238,467
Islander
Puerto Rican 299 $10,664,472
Unanswered 4,257,140 $200,014,246,374
White 866,819 $41,977,134,582
Approvals through 05/16/2021 9
File and source
- File
- PPP_Report_Public_210516-508.pdf
- Size
- 351,252 bytes
- SHA-256
- 675a7a6da3fca4df348505f1cc36576a7102d5d8fc5ff76cd34fc7c2998a3f41
- Our copy
- PPP_Report_Public_210516-508.pdf
- Original
- legacy.sba.gov