Paycheck Protection Program (PPP) Report: Approvals through 03/28/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 03/28/2021. All PPP lending stands at 8,728,494 loans for $734,094,425,889 from 5,476 lenders, and 2021 lending at 3,584,826 loans for $211,807,371,944 from 5,236 lenders. First Draw Loans number 1,562,181 for $31,440,021,719 and Second Draw Loans 2,022,645 for $180,367,350,225, averaging $89,174. JPMorgan Chase Bank led with 132,124 loans for $10,109,443,355, ahead of Bank of America with 130,238, while Itria Ventures LLC made 226,896 loans averaging $27,777. Loans of $50K and Under were 78.4% of the count and 21.6% of the amount, and the overall average loan size was $59K.
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“Paycheck Protection Program (PPP) Report: Approvals through 03/28/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-8e594be351/
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Paycheck Protection
Program (PPP) Report
Approvals through 03/28/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
8,728,494 $734,094,425,889 5,476
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
3,584,826 $211,807,371,944 5,236
Approvals through 03/28/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 1,562,181 $31,440,021,719 $20,126 5,123
First Draw Loans with 10 or fewer employees 1,528,650 $23,013,361,382 $15,055 5,108
First Draw Loans LMI & Less than $250k 442,085 $7,617,301,567 $17,230 4,455
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 2,022,645 $180,367,350,225 $89,174 5,209
Second Draw Loans with 10 or fewer employees 1,550,726 $48,730,301,459 $31,424 5,189
Second Draw Loans LMI & Less than $250k 431,180 $20,761,366,176 $48,150 4,609
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 3,584,826 $211,807,371,944 $59,084 5,236
PPP Loans by Community Financial Institutions 261,963 $10,603,681,968 $40,478 453
PPP Loans by Insured Depository Institutions
1,341,702 $88,381,818,707 $65,873 4,117
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 109,326 $4,198,175,094 $38,401 836
PPP Loans by Farm Credit System Institutions
15,906 $333,170,836 $20,946 41
<$10B in Assets
Approvals through 03/28/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 112 1,412,211 $101,429,987,160
Banks and S&Ls(less than $10B) 4,117 1,341,702 $88,381,818,707
Fintechs (and other State Regulated) 35 468,466 $10,988,583,126
Small Business Lending Companies 13 185,117 $5,012,955,892
Credit Unions (less than $10B) 836 109,326 $4,198,175,094
Farm Credit Lenders 47 29,637 $723,352,230
Credit Unions ($10B or more) 8 11,600 $360,705,817
Non Bank CDFI Funds 8 12,137 $244,714,938
Microlenders 31 9,204 $220,896,821
Certified Development Companies 18 4,572 $216,807,618
To Be Confirmed 10 842 $29,118,878
BIDCOs 1 12 $255,663
Total 5,236 3,584,826 $211,807,371,944
Approvals through 03/28/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 8,465 $631,324,885 LA 60,965 $3,339,550,524 OR 36,440 $2,638,196,421
AL 48,541 $2,262,685,667 MA 68,620 $5,762,836,505 PA 101,045 $7,980,972,928
AR 31,868 $1,234,395,041 MD 57,746 $3,989,623,022 PR 19,479 $725,809,935
AS 8 $74,674 ME 14,440 $855,578,093 RI 11,484 $857,666,718
AZ 45,947 $2,914,641,047 MI 87,289 $6,548,579,256 SC 37,599 $2,064,453,303
CA 370,475 $28,063,993,207 MN 85,785 $4,398,898,273 SD 31,278 $876,314,690
CO 60,374 $4,069,821,291 MO 90,371 $3,621,628,821 TN 68,622 $3,257,338,400
CT 37,947 $2,762,288,979 MP 386 $21,815,130 TX 276,276 $16,582,725,626
DC 8,698 $929,001,088 MS 36,841 $1,339,066,993 UT 23,745 $1,589,551,461
DE 7,513 $578,584,339 MT 17,516 $708,511,901 VA 64,724 $4,490,121,343
FL 273,847 $13,193,775,737 NC 72,312 $4,253,165,929 VI 727 $54,152,677
GA 145,533 $6,113,117,546 ND 24,000 $949,738,394 VT 7,110 $495,288,199
GU 1,083 $82,200,220 NE 53,465 $1,608,738,343 WA 61,316 $4,954,678,138
HI 14,809 $1,222,463,154 NH 12,717 $1,023,241,827 WI 66,815 $3,653,864,750
IA 82,393 $2,413,893,899 NJ 91,532 $6,778,578,088 WV 10,306 $683,760,740
ID 15,082 $768,080,347 NM 12,691 $965,422,141 WY 9,813 $537,849,261
IL 219,948 $10,929,748,745 NV 32,170 $1,862,689,134 To be confirmed 1 $13,125
IN 58,054 $3,374,206,273 NY 234,349 $17,590,595,294
KS 54,731 $1,981,157,376 OH 105,946 $6,672,104,870
KY 51,252 $2,091,415,880 OK 62,337 $2,457,382,295
Approvals through 03/28/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 2,812,113 $45,839,906,230 78.4% 21.6%
>$50K - $100K 332,950 $23,770,048,922 9.3% 11.2%
>$100K - $150K 163,553 $20,297,330,922 4.6% 9.6%
>$150K - $350K 169,037 $38,247,057,569 4.7% 18.1%
>$350K - $1M 83,789 $46,765,867,643 2.3% 22.1%
>$1M - $2M 22,956 $34,792,783,317 0.6% 16.4%
>$2M - $5M 278 $890,505,169 0.0% 0.4%
>$5M 150 $1,203,872,169 0.0% 0.6%
* Overall average loan size is: $59K.
Approvals through 03/28/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 132,124 $10,109,443,355 $76,515
2 Bank of America 130,238 $7,997,139,520 $61,404
3 Itria Ventures LLC 226,896 $6,302,506,050 $27,777
4 Cross River Bank 198,809 $4,714,682,794 $23,715
5 PNC Bank 39,157 $3,933,180,920 $100,446
6 TD Bank 37,529 $2,952,384,196 $78,669
7 Wells Fargo Bank 70,482 $2,823,913,442 $40,066
8 Truist Bank 28,025 $2,784,158,773 $99,346
9 U.S. Bank 53,386 $2,707,677,603 $50,719
10 Customers Bank 122,975 $2,634,441,642 $21,423
11 M&T Bank 20,771 $2,596,813,058 $125,021
12 Zions Bank 23,861 $2,553,627,065 $107,021
13 KeyBank 22,214 $2,522,111,590 $113,537
14 Northeast Bank 22,838 $2,311,670,864 $101,220
15 Readycap Lending, LLC 58,049 $1,856,000,891 $31,973
Approvals through 03/28/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 302,504 $35,579,049,147 17%
Construction 320,793 $27,374,008,108 13%
Professional, Scientific, and Technical Services 411,593 $23,162,100,944 11%
Health Care and Social Assistance 302,208 $22,466,418,525 11%
Manufacturing 134,174 $19,259,271,918 9%
Other Services (except Public Administration) 476,975 $16,149,434,023 8%
Retail Trade 246,083 $10,816,771,343 5%
Administrative and Support and Waste Management and Remediation Services 163,849 $8,777,076,390 4%
Transportation and Warehousing 247,278 $8,300,579,595 4%
Wholesale Trade 95,419 $8,265,032,021 4%
Agriculture, Forestry, Fishing and Hunting 408,681 $7,913,029,457 4%
Arts, Entertainment, and Recreation 115,598 $5,303,886,875 3%
Real Estate and Rental and Leasing 145,309 $5,254,361,978 2%
Educational Services 62,546 $4,088,609,512 2%
Information 45,123 $3,319,331,770 2%
Finance and Insurance 73,596 $2,363,253,959 1%
Mining 15,619 $2,145,449,846 1%
Public Administration 9,850 $581,130,781 0%
Management of Companies and Enterprises 4,110 $370,224,150 0%
Utilities 3,518 $318,351,602 0%
Approvals through 03/28/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars Veteran Loans Approved Net Dollars
Female 511,192 $21,352,704,263 Non-Veteran 1,222,854 $72,629,676,556
Male 1,013,801 $71,804,716,997 Unknown/NotStated 2,284,882 $134,279,228,902
Unknown/NotStated 2,059,833 $118,649,950,684 Veteran 77,090 $4,898,466,485
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 39,193 $2,070,462,393 Hispanic or Latino 134,299 $6,376,203,354
Asian 107,848 $5,624,812,186 Not Hispanic or Latino 1,063,087 $63,269,144,948
Black or African American 254,442 $6,099,372,501 Unknown/NotStated 2,387,440 $142,162,023,642
Eskimo & Aleut 7 $204,366
Multi Group 14 $394,158
Native Hawaiian or Other Pacific
3,320 $160,761,158
Islander
Puerto Rican 201 $8,745,904
Unanswered 2,582,706 $163,206,312,637
White 597,095 $34,636,306,639
Approvals through 03/28/2021 9
File and source
- File
- PPP_Report_Public_210328-508.pdf
- Size
- 284,684 bytes
- SHA-256
- 873d687a10731b545c6e2d166489ca84d121aa7ca575c84ae5b1a78de707f660
- Our copy
- PPP_Report_Public_210328-508.pdf
- Original
- legacy.sba.gov