Paycheck Protection Program (PPP) Report: Approvals through 03/14/2021

Summary

SBA's Paycheck Protection Program report of approvals through 03/14/2021. All PPP lending to that date totals 7,884,770 loans and $703,819,888,431 from 5,475 lenders. In 2021, 2,739,834 First and Second Draw loans worth $181,457,433,529 were approved through 5,209 lenders, an average of $66,229: 1,002,458 First Draw loans worth $21,287,730,998 and 1,737,376 Second Draw loans worth $160,169,702,531. Loans of $50K and under make up 74.8% of 2021 loans and 19.2% of the dollars. Accommodation and Food Services leads industries at 17% of the amount, and JPMorgan Chase Bank tops the lender list with 109,494 loans worth $8,291,780,895.

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Paycheck Protection
Program (PPP) Report

Approvals through 03/14/2021
Summary of All PPP Approved Lending

Loans Approved Total Net Dollars Total Lender Count

7,884,770 $703,819,888,431 5,475

Summary of 2021 PPP Approved Lending

Loans Approved Net Dollars Lender Count

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Loan Breakdown for 2021 PPP

First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 1,002,458 $21,287,730,998 $21,236 5,046
First Draw Loans with 10 or fewer employees 976,285 $15,356,156,182 $15,729 5,027
First Draw Loans LMI & Less than $250k 265,664 $4,898,750,099 $18,440 4,185
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 1,737,376 $160,169,702,531 $92,191 5,174
Second Draw Loans with 10 or fewer employees 1,312,360 S$42,571,756,377 $32,439 5,154
Second Draw Loans LMI & Less than $250k 369,038 $18,430,563,023 $49,942 4,498
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 2,739,834 $181,457,433,529 $66,229 5,209
PPP Loans by Community Financial Institutions 133,734 S7,890,424,129 $59,001 450
PPP Loans by Insured Depository Institutions 1,074,962 679 037,320,694 673,526 4,107
<S10B in Assets
PPP Loans by Credit Unions <S10B in Assets 83,608 $3,617,750,214 $43,270 824
PPP Loans by Farm Credit System Institutions 12,562 6262,843,231 620,924 40

<S10B in Assets

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Lender Types for 2021 PPP

Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 111 1,113,165 $85,244,711,289
Banks and S&Ls(less than $10B) 4,107 1,074,962 $79,037,320,694
Fintechs (and other State Regulated) 34 333,357 $8,597,645,911
Credit Unions (less than $10B) 824 83,608 $3,617,750,214
Small Business Lending Companies 13 87,088 $3,558,527,424
Farm Credit Lenders 46 23,602 $578,134,899
Credit Unions (S10B or more) 8 9,131 $303,893,517
Certified Development Companies 18 3,290 $179,741,959
Microlenders 31 6,385 $172,221,746
Non Bank CDFI Funds 8 4,656 $141,691,667
To Be Confirmed 8 582 $25,565,581
BIDCOs 1 8 $228,628
Total 5,209 2,739,834 $181,457,433,529

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Loan Size for 2021 PPP

Loan Size Loan Count Net Dollars % of Count | % of Amount
$50K and Under 2,048,852 $34,789,866,775 74.8% 19.2%
>$50K - $100K 297,305 $21,253,601 ,031 10.9% 11.7%
>$100K - $150K 147,413 $18,286,762,529 5.4% 10.1%
>$150K - $350K 151,487 $34,262,254 ,289 5.5% 18.9%
>$350K - $1M 74,579 $41,595,475,310 2.7% 22.9%
>$1M - $2M 19,941 $30, 109,724,598 0.7% 16.6%
>$2M - $5M 184 $577 ,116,288 0.0% 0.3%
>$5M 73 $582,632,709 0.0% 0.3%

* Overall average loan size is: S66K.

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Top PPP Lenders for 2021 PPP

Lender Name

Loans Approved

Net Dollars

Average Loan Size

1 JPMorgan Chase Bank 109,494 $8,291,780,895 $75,728
2 Bank of America 109,884 $6,734,775,117 $61,290
3 Itria Ventures LLC 222,726 $6, 139,093,519 $27,563
4 Cross River Bank 142,675 $3,390,214,827 $23,762
bs) PNC Bank 32,778 $3,385,275,450 $103,279
6 TD Bank 28,132 $2,378,975,087 $84,565
7 M&T Bank 18,166 $2,341,044,977 $128,870
8 Wells Fargo Bank 55,407 $2,308,679,597 $41,668
LS) Zions Bank 19,424 $2,255,790,665 $116,134
10 U.S. Bank 41,524 $2,251,659,520 $54,225
11 Truist Bank 20,471 $2,180,904,358 $106,536
12 Northeast Bank 19,813 $2,100,746,512 $106,029
13 KeyBank 17,895 $2,002,588,025 $111,908
14 Customers Bank 82,433 $1,894,435,059 $22,982
15 Citizens Bank 28,650 $1,684,117,673 $58,782

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Industry for 2021 PPP

NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 257,312 $31,740,135,206 17%
Construction 241,512 $23,825,863,536 13%
Professional, Scientific, and Technical Services 323,096 $20,084,023,206 11%
Health Care and Social Assistance 243,907 $19, 162,334,906 11%
Manufacturing 110,498 $17,208,144,140 9%
Other Services (except Public Administration) 342,321 $13,035,716,566 1%
Retail Trade 188,659 $9,089,017,711 5%
Administrative and Support and Waste Management and Remediation Services 117,766 $7,437,110,998 4%
Wholesale Trade 75,138 $7,248 ,363,789 4%
Agriculture, Forestry, Fishing and Hunting 329,200 $6,471 ,854,750 4%
Transportation and Warehousing 153,172 $6,388,864,972 4%
Real Estate and Rental and Leasing 104,976 $4,280,692,241 2%
Arts, Entertainment, and Recreation 86,191 $4,257 622,637 2%
Educational Services 48,983 $3,452,993,046 2%
Information 35,262 $2,839,497 ,380 2%
Mining 12,909 $1,930,870,878 1%
Finance and Insurance 55,693 $1,919,425,046 1%
Public Administration 7,987 $497 277,542 0%
Management of Companies and Enterprises 2,959 $314,590,951 0%
Utilities 2,693 $273,034,028 0%

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Demographics for 2021 PPP
Veteran Loans Approved Net Dollars

Female 368,975 $17,871,683,498 Non-Veteran 911,573 $62,191 ,841,115
Male 784,360 $62,267,759,698 Unknown/NotStated 1,770,031 $115,041,863,099
Unknown/NotStated 1,586,499 $101 317,990,333 Veteran 58,230 $4,223,729,315
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 31,331 $1,752,880,304 Hispanic or Latino 99,862 $5,247,205,701
Asian 87,267 $4,801,717,009 Not Hispanic or Latino 801,661 $54,420,569,791
Black or African American 162,978 $4,231 ,998,005 Unknown/NotStated 1,838,311 $121 ,789,658,038
Eskimo & Aleut 3 $30,109
Multi Group 11 $330,364
Neen or Other Pacific 2,439 $130,979,639
Puerto Rican 139 $5,569,932
Unanswered 2,011,933 $141 ,738,983,032
White 443,733 $28,794,945,136

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