Paycheck Protection Program (PPP) Report: Approvals through 04/04/2021

Summary

SBA's Paycheck Protection Program report of approvals through 04/04/2021. All PPP lending to that date totals 9,140,946 loans and $745,822,791,609 from 5,479 lenders, and 2021 lending accounts for 3,997,635 loans and $223,574,562,746 from 5,244 lenders. Of the 2021 loans, 1,870,719 are First Draw loans worth $36,570,716,795 and 2,126,916 are Second Draw loans worth $187,003,845,951, averaging $87,923. Loans of $50K and under make up 80.1% of 2021 loans and 23.0% of the dollars, with an overall average loan size of $56K. JPMorgan Chase Bank is first on the top-lender list with 139,416 loans; Cross River Bank, fourth, made 216,490.

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Paycheck Protection
Program (PPP) Report

Approvals through 04/04/2021
Summary of All PPP Approved Lending

Loans Approved Total Net Dollars Total Lender Count

9,140,946 $745,822,791,609 5,479

Summary of 2021 PPP Approved Lending

Loans Approved Net Dollars Lender Count

3,997,635 $223,574,562,746 5,244

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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 1,870,719 $36,570,716,795 $19,549 5,143
First Draw Loans with 10 or fewer employees 1,835,031 $27,368,563,487 $14,914 5,131
First Draw Loans LMI & Less than $250k 560,007 $9,431,397,190 $16,842 4,520
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 2,126,916 $187,003,845,951 $87,923 5,215
Second Draw Loans with 10 or fewer employees 1,640,238 $50,801,246,935 $30,972 5,198
Second Draw Loans LMI & Less than $250k 457,271 $21,597,062,048 $47,230 4,652
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 3,997,635 $223,574,562,746 $55,927 5,244
PPP Loans by Community Financial Institutions 378,460 $12,780,752,476 $33,770 453
PPP Loans by Insured Depository Institutions 1,441,038 §91,653,215,232 663,602 4,118
<S10B in Assets
PPP Loans by Credit Unions <S10B in Assets 118,596 $4,403,776,178 $37,133 840
PPP Loans by Farm Credit System Institutions 16,803 6353,749,140 621,053 1

<S10B in Assets

Approvals through 04/04/2021 3 J
Lender Types for 2021 PPP

Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 112 1,495,511 $106,098,089,056
Banks and S&Ls(less than $10B) 4,118 1,441,038 $91,653,215,232
Fintechs (and other State Regulated) 35 599,313 $13,337,608,596
Small Business Lending Companies 13 268,077 $6,144,507,023
Credit Unions (less than $10B) 840 118,596 $4,403,776,178
Farm Credit Lenders 47 31,236 $766,237,724
Credit Unions (S10B or more) 8 12,588 $386,024,791
Non Bank CDFI Funds 8 15,087 $281,329,536
Certified Development Companies 18 5,188 $238,288,705
Microlenders 31 10,030 $234,561,531
To Be Confirmed 13 957 $30,649,311
BIDCOs 1 14 $275,062
Total 5,244 3,997,635 $223,574,562,746

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Loan Size for 2021 PPP

Loan Size Loan Count Net Dollars % of Count | % of Amount
$50K and Under 3,200,554 $51,497,016,054 80.1% 23.0%
>$50K - $100K 342,605 $24,449,031,416 8.6% 10.9%
>$100K - $150K 168,084 $20,869,230,388 4.2% 9.3%
>$150K - $350K 175,021 $39,612,342,818 4.4% 17.7%
>$350K - $1M 87,039 $48,574,419,713 2.2% 21.7%
>$1M - $2M 23,842 $36,131 ,644,870 0.6% 16.2%
>$2M - $5M 309 $986,325,469 0.0% 0.4%
>$5M 181 $1 ,454,552,019 0.0% 0.7%

* Overall average loan size is: $56K.

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Top PPP Lenders for 2021 PPP

Lender Name

Loans Approved

Net Dollars

Average Loan Size

1 JPMorgan Chase Bank 139,416 $10,844, 758,307 $77,787
2 Bank of America 135,833 $8,320,576,579 $61,256
3 ltria Ventures LLC 235,790 $6,480,068,357 $27,482
4 Cross River Bank 216,490 $5, 132,531,065 $23,708
bs) PNC Bank 40,521 $4,056,954,310 $100,120
6 Capital Plus Financial, LLC 202,279 $3,477 ,738,302 $17,193
7 TD Bank 40,491 $3,150,463,432 $77,807
8 Truist Bank 30,898 $3,076,273,989 $99,562
fe) Wells Fargo Bank 73,431 $2,958,309,379 $40,287
10 Customers Bank 138,841 $2,941,315,468 $21,185
11 U.S. Bank 56,419 $2,846,801,579 $50,458
12 Zions Bank 25,309 $2,655,409,321 $104,920
13 M&T Bank 21,608 $2,642,792,449 $122,306
14 KeyBank 22,783 $2,633,204,193 $115,578
15 Northeast Bank 24,545 $2,486, 116,106 $101,288

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Industry for 2021 PPP

NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 322,536 $36,958,628,308 17%
Construction 356,550 $28,617,795,083 13%
Professional, Scientific, and Technical Services 447,661 $24,209,969,162 11%
Health Care and Social Assistance 326,845 $23,637 ,800,171 11%
Manufacturing 145,212 $19,935,410,020 9%
Other Services (except Public Administration) 557,679 $17,747,221 ,059 8%
Retail Trade 274,409 $11,553,676,627 5%
Administrative and Support and Waste Management and Remediation Services 189,888 $9,365,708,742 4%
Transportation and Warehousing 305,625 $9,256,704,200 4%
Wholesale Trade 106,395 $8,639,539,074 4%
Agriculture, Forestry, Fishing and Hunting 436,454 $8,391 694,626 4%
Arts, Entertainment, and Recreation 129,996 $5,728,406,786 3%
Real Estate and Rental and Leasing 162,669 $5,620,752,270 3%
Educational Services 68,315 $4,327,106,007 2%
Information 49,566 $3,490,127 ,902 2%
Finance and Insurance 81,796 $2,534,529,100 1%
Mining 16,675 $2,207 442,544 1%
Public Administration 10,932 $607,541,774 0%
Management of Companies and Enterprises 4,559 $404 333,672 0%
Utilities 3,873 $340,175,620 0%

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Demographics for 2021 PPP
Veteran Loans Approved Net Dollars

Female 600,635 $23,148,124,534 Non-Veteran 1,400,465 $77,151,818,969
Male 1,126,152 $75,416,654,463 Unknown/NotStated 2,511,880 $141,275,346,548
Unknown/NotStated 2,210,848 $125,009,783,749 Veteran 85,290 $5,147,397 ,229
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 41,973 $2,158,025,848 Hispanic or Latino 150,960 $6,815,611,500
Asian 115,181 $5,893,163,276 Not Hispanic or Latino 1,207,060 $67,067 ,495,530
Black or African American 341,097 $7,722,090,208 Unknown/NotStated 2,639,615 $149,691 ,455,716
Eskimo & Aleut 9 $233,531
Multi Group 16 $423,408
Neen or Other Pacific 3,909 $175,524,938
Puerto Rican 221 $9,052,603
Unanswered 2,842,346 $171,055,897 636
White 652,883 $36,560,151,296

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