Paycheck Protection Program (PPP) Report: Approvals through 03/07/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 03/07/2021. All PPP lending stands at 7,555,249 loans for $687,374,564,619 from 5,474 lenders, and 2021 lending at 2,409,105 loans for $164,950,550,832 from 5,198 lenders. Second Draw Loans account for 1,604,977 loans and $147,551,068,317, averaging $91,933, against 804,128 First Draw Loans for $17,399,482,515. Banks and S&Ls with $10B or more in assets made 990,053 loans for $75,637,911,950, ahead of the 966,458 made by smaller banks. Itria Ventures LLC made 182,442 loans, and loans of $50K and Under were 73.5% of the count and 18.5% of the amount, with an overall average loan size of $68K.
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“Paycheck Protection Program (PPP) Report: Approvals through 03/07/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-ccedb7b508/
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Paycheck Protection
Program (PPP) Report
Approvals through 03/07/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
7,555,249 $687,374,564,619 5,474
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
2,409,105 $164,950,550,832 5,198
Approvals through 03/07/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 804,128 $17,399,482,515 $21,638 5,006
First Draw Loans with 10 or fewer employees 781,742 $12,418,729,030 $15,886 4,985
First Draw Loans LMI & Less than $250k 205,101 $3,858,589,782 $18,813 3,964
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 1,604,977 $147,551,068,317 $91,933 5,159
Second Draw Loans with 10 or fewer employees 1,212,252 $39,580,435,699 $32,650 5,137
Second Draw Loans LMI & Less than $250k 340,104 $17,094,307,234 $50,262 4,448
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 2,409,105 $164,950,550,832 $68,470 5,198
PPP Loans by Community Financial Institutions 111,870 $7,236,506,912 $64,687 449
PPP Loans by Insured Depository Institutions
966,458 $74,444,348,726 $77,028 4,107
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 74,307 $3,368,773,424 $45,336 817
PPP Loans by Farm Credit System Institutions
11,130 $233,017,171 $20,936 40
<$10B in Assets
Approvals through 03/07/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls($10B or more) 111 990,053 $75,637,911,950
Banks and S&Ls(less than $10B) 4,107 966,458 $74,444,348,726
Fintechs (and other State Regulated) 33 272,171 $7,272,056,912
Credit Unions (less than $10B) 817 74,307 $3,368,773,424
Small Business Lending Companies 13 64,116 $2,988,599,381
Farm Credit Lenders 46 20,836 $517,119,821
Credit Unions ($10B or more) 8 8,293 $277,432,434
Certified Development Companies 18 2,921 $162,033,402
Microlenders 31 5,725 $156,567,711
Non Bank CDFI Funds 8 4,184 $125,058,351
To Be Confirmed 5 33 $420,094
BIDCOs 1 8 $228,628
Total 5,198 2,409,105 $164,950,550,832
Approvals through 03/07/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 5,763 $503,005,645 LA 36,384 $2,540,538,358 OR 26,898 $2,179,546,511
AL 30,599 $1,769,583,612 MA 50,378 $4,711,896,201 PA 73,363 $6,457,454,314
AR 19,693 $926,465,951 MD 39,154 $3,113,739,618 PR 12,154 $498,193,502
AS 4 $15,203 ME 10,040 $692,399,551 RI 8,542 $717,562,882
AZ 30,347 $2,216,429,617 MI 61,654 $5,318,436,993 SC 24,086 $1,597,486,739
CA 255,843 $21,702,842,772 MN 60,414 $3,581,108,371 SD 22,052 $685,946,651
CO 44,470 $3,337,458,039 MO 61,664 $2,924,498,928 TN 41,501 $2,457,489,090
CT 27,295 $2,213,808,450 MP 252 $14,156,640 TX 175,169 $12,593,578,237
DC 5,920 $707,962,021 MS 21,871 $989,033,707 UT 17,389 $1,296,832,522
DE 5,251 $473,378,536 MT 12,387 $587,189,115 VA 44,697 $3,509,051,113
FL 176,012 $9,799,120,698 NC 46,828 $3,183,064,355 VI 375 $36,210,686
GA 85,613 $4,299,234,901 ND 17,557 $781,282,087 VT 5,142 $415,337,056
GU 653 $56,480,443 NE 38,869 $1,308,177,905 WA 43,904 $4,007,371,059
HI 11,002 $995,688,379 NH 9,453 $863,976,950 WI 44,672 $2,963,379,978
IA 57,992 $1,938,453,799 NJ 63,732 $5,206,721,178 WV 6,957 $557,845,777
ID 9,933 $596,945,195 NM 9,170 $792,620,382 WY 7,611 $482,697,623
IL 141,944 $8,584,610,878 NV 20,150 $1,410,132,411 To be confirmed 1 $13,125
IN 37,299 $2,675,737,693 NY 159,782 $13,183,759,422
KS 38,874 $1,610,094,955 OH 70,494 $5,118,959,268
KY 33,150 $1,670,972,844 OK 46,702 $2,094,572,895
Approvals through 03/07/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 1,770,200 $30,465,666,470 73.5% 18.5%
>$50K - $100K 276,147 $19,747,665,230 11.5% 12.0%
>$100K - $150K 136,825 $16,963,129,191 5.7% 10.3%
>$150K - $350K 139,653 $31,551,830,256 5.8% 19.1%
>$350K - $1M 67,916 $37,892,688,690 2.8% 23.0%
>$1M - $2M 18,157 $27,385,380,200 0.8% 16.6%
>$2M - $5M 146 $467,534,975 0.0% 0.3%
>$5M 61 $476,655,819 0.0% 0.3%
* Overall average loan size is: $68K.
Approvals through 03/07/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 93,415 $6,621,293,753 $70,880
2 Bank of America 98,300 $5,748,819,316 $58,482
3 Itria Ventures LLC 182,442 $5,193,756,224 $28,468
4 PNC Bank 30,800 $3,062,472,596 $99,431
5 Cross River Bank 124,805 $2,934,303,826 $23,511
6 M&T Bank 16,792 $2,141,337,495 $127,521
7 Zions Bank 17,521 $2,076,917,795 $118,539
8 Wells Fargo Bank 49,925 $2,039,140,236 $40,844
9 U.S. Bank 38,253 $2,004,340,229 $52,397
10 TD Bank 24,378 $1,992,339,242 $81,727
11 Northeast Bank 18,481 $1,939,899,229 $104,967
12 KeyBank 16,016 $1,773,220,179 $110,716
13 Citizens Bank 27,556 $1,593,516,461 $57,828
14 Customers Bank 61,702 $1,559,692,552 $25,278
15 Truist Bank 15,399 $1,385,564,745 $89,978
Approvals through 03/07/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 235,261 $29,436,587,500 18%
Construction 209,884 $21,726,237,776 13%
Professional, Scientific, and Technical Services 287,703 $18,322,712,488 11%
Health Care and Social Assistance 218,051 $17,366,507,108 11%
Manufacturing 99,703 $15,904,399,895 10%
Other Services (except Public Administration) 290,992 $11,565,167,769 7%
Retail Trade 164,530 $8,155,368,980 5%
Administrative and Support and Waste Management and Remediation Services 100,061 $6,667,273,685 4%
Wholesale Trade 67,042 $6,590,758,034 4%
Agriculture, Forestry, Fishing and Hunting 300,053 $5,892,987,687 4%
Transportation and Warehousing 122,504 $5,560,356,379 3%
Real Estate and Rental and Leasing 91,449 $3,859,597,673 2%
Arts, Entertainment, and Recreation 75,961 $3,812,137,056 2%
Educational Services 43,240 $3,063,572,978 2%
Information 31,363 $2,570,318,693 2%
Mining 11,690 $1,804,907,800 1%
Finance and Insurance 47,817 $1,667,645,695 1%
Public Administration 6,691 $446,207,412 0%
Management of Companies and Enterprises 2,709 $288,781,748 0%
Utilities 2,401 $249,024,474 0%
Approvals through 03/07/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars Veteran Loans Approved Net Dollars
Female 317,410 $16,089,550,191 Non-Veteran 794,313 $56,629,649,935
Male 694,262 $57,105,647,617 Unknown/NotStated 1,563,604 $104,484,868,421
Unknown/NotStated 1,397,433 $91,755,353,024 Veteran 51,188 $3,836,032,476
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 27,960 $1,581,029,794 Hispanic or Latino 86,742 $4,659,768,725
Asian 77,513 $4,255,562,859 Not Hispanic or Latino 699,191 $49,748,502,643
Black or African American 131,712 $3,492,482,238 Unknown/NotStated 1,623,172 $110,542,279,463
Eskimo & Aleut 2 $27,359
Multi Group 10 $328,906
Native Hawaiian or Other Pacific
2,096 $114,588,300
Islander
Puerto Rican 119 $4,669,086
Unanswered 1,790,542 $129,892,491,642
White 379,151 $25,609,370,648
Approvals through 03/07/2021 9
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- PPP_Report_Public_210307-508.pdf
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- SHA-256
- 8c8990a130fcc2b1694883070078f6b2c50d38aa408c96e92dfbbe2b17badfc0
- Our copy
- PPP_Report_Public_210307-508.pdf
- Original
- legacy.sba.gov