Paycheck Protection Program (PPP) Report: Approvals through 04/18/2021

Summary

SBA's Paycheck Protection Program report of approvals through 04/18/2021. All PPP lending to that date totals 9,876,741 loans and $762,405,455,019, and 2021 lending accounts for 4,733,661 loans and $240,161,960,611 from 5,244 lenders. The 2021 figure comprises 2,416,649 First Draw loans worth $46,138,284,367 and 2,317,012 Second Draw loans worth $194,023,676,245. Loans of $50K and under are 82.6% of 2021 loans and 25.8% of the dollars, and the overall average loan size is $51K. JPMorgan Chase Bank leads lenders with 147,964 loans worth $11,445,214,840, and Accommodation and Food Services is the largest industry at 16% of the amount.

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Paycheck Protection
Program (PPP) Report

Approvals through 04/18/2021
Summary of All PPP Approved Lending

Loans Approved Total Net Dollars Total Lender Count

9,876,741 $762,405,455,019 9,475

Summary of 2021 PPP Approved Lending

Loans Approved Net Dollars Lender Count

4,733,661 $240,161,960,611 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 2,416,649 $46,138,284,367 $19,092 5,157
First Draw Loans with 10 or fewer employees 2,377,768 $35,517,830,629 $14,937 5,144
First Draw Loans LMI & Less than $250k 776,838 $12,889,501,013 $16,592 4,584
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 2,317,012 $194,023,676,245 $83,739 5,215
Second Draw Loans with 10 or fewer employees 1,817,046 S$54,047,616,114 $29,745 5,197
Second Draw Loans LMI & Less than $250k 512,930 $22,800,929,340 $44,452 4,682
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 4,733,661 $240,161,960,611 $50,735 5,244
PPP Loans by Community Financial Institutions 564,218 $16,101,565,101 $28,538 452
PPP Loans by Insured Depository Institutions 1,565,493 695, 235,248,742 660,834 4,116
<S10B in Assets
PPP Loans by Credit Unions <S10B in Assets 130,743 $4,667,436,077 $35,699 841
PPP Loans by Farm Credit System Institutions 18,093 6377,618,776 620,871 1

<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) 112 1,632,447 $111,632,469,387
Banks and S&Ls(less than $10B) 4,116 1,565,493 $95,235,248,742
Fintechs (and other State Regulated) 34 842,609 $17,299,639,508
Small Business Lending Companies 13 470,595 $9,163,757,980
Credit Unions (less than $10B) 841 130,743 $4,667,436,077
Farm Credit Lenders 47 33,563 $815,523,124
Credit Unions (S10B or more) 8 13,580 $412,019,224
Non Bank CDFI Funds 8 26,120 $386,797,217
Microlenders 31 11,715 $262,883,202
Certified Development Companies 18 5,712 $252,374,844
To Be Confirmed 15 1,068 $33,527,030
BIDCOs 1 16 $284,278
Total 5,244 4,733,661 $240,161,960,612

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Loan Size for 2021 PPP

Loan Size Loan Count Net Dollars % of Count | % of Amount
$50K and Under 3,910,608 $61 ,931,140,701 82.6% 25.8%
>$50K - $100K 354,499 $25,286,770,844 7.5% 10.5%
>$100K - $150K 173,602 $21,562,539,883 3.7% 9.0%
>$150K - $350K 180,053 $40,745,622,449 3.8% 17.0%
>$350K - $1M 89,599 $50,010,436,380 1.9% 20.8%
>$1M - $2M 24,696 $37,478,732,141 0.5% 15.6%
>$2M - $5M 353 $1,123,173,829 0.0% 0.5%
>$5M 251 $2,023,544,384 0.0% 0.8%

* Overall average loan size is: $51K.

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Top PPP Lenders for 2021 PPP

Lender Name

Loans Approved

Net Dollars

Average Loan Size

JPMorgan Chase Bank 147,964 $11,445,214,840 $77,351
Bank of America 141,114 $8,626 ,551,111 $61,132
Capital Plus Financial, LLC 360,273 $6,261,069,314 $17,379
Itria Ventures LLC 224,439 $6,154,145,955 $27,420
Cross River Bank 248,260 $5,791 532,371 $23,328
PNC Bank 42,831 $4,198,420,247 $98,023
Customers Bank 177,770 $3,737,806,927 $21,026
Harvest Small Business Finance, LLC 203,283 $3,438,723,970 $16,916
TD Bank 43,792 $3,354,710,956 $76,606
Truist Bank 34,061 $3,298,855,484 $96,851
Wells Fargo Bank 79,225 $3,165,058,124 $39,950
U.S. Bank 60,984 $3,019,695,555 $49,516
Zions Bank 27,009 $2,789,461,986 $103,279
KeyBank 24,039 $2,747,757 ,286 $114,304
M&T Bank 22,678 $2,715,560,505 $119,744

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Industry for 2021 PPP

NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 358,693 $38,419,855,859 16%
Construction 413,758 $30,254, 106,468 13%
Professional, Scientific, and Technical Services 507,404 $25,577,028,176 11%
Health Care and Social Assistance 367,461 $25,393,070,676 11%
Manufacturing 164,789 $20,693,179,441 9%
Other Services (except Public Administration) 705,619 $20,424 ,947,270 9%
Retail Trade 327,052 $12,634,805,000 5%
Transportation and Warehousing 423,251 $10,987,816,129 5%
Administrative and Support and Waste Management and Remediation Services 243,201 $10,336,700,010 4%
Wholesale Trade 127,005 $9,155,720,283 4%
Agriculture, Forestry, Fishing and Hunting 476,814 $9,061 620,158 4%
Arts, Entertainment, and Recreation 155,154 $6,275,416,358 3%
Real Estate and Rental and Leasing 192,164 $6,143,074,736 3%
Educational Services 78,304 $4,568,793,323 2%
Information 56,737 $3,696,838,460 2%
Finance and Insurance 95,209 $2,819,830,792 1%
Mining 18,366 $2,280,771,753 1%
Public Administration 12,920 $651,927,514 0%
Management of Companies and Enterprises 5,335 $428,169,085 0%
Utilities 4,425 $358,289,120 0%

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Demographics for 2021 PPP
Veteran Loans Approved Net Dollars

Female 746,855 $25,761,350,852 Non-Veteran 1,690,109 $83,313,776,368
Male 1,306,279 $79,984 ,921,866 Unknown/NotStated 2,945,146 $151,387 ,212,697
Unknown/NotStated 2,680,527 $134,415,687,894 Veteran 98,406 $5,460,971 ,546
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 45,149 $2,255,302,889 Hispanic or Latino 175,190 $7 369,129,861
Asian 125,721 $6,240,012,221 Not Hispanic or Latino 1,416,011 $71,900,729,075
Black or African American 467,834 $10,041,631,214 Unknown/NotStated 3,142,460 $160,892,101,675
Eskimo & Aleut 11 $335,770
Multi Group 17 $499 544
Neen or Other Pacific 4,753 $192,383,570
Puerto Rican 244 $9,520,261
Unanswered 3,355,335 $182,622,680,023

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