Paycheck Protection Program (PPP) Report: Approvals through 04/11/2021

Summary

SBA's Paycheck Protection Program report of approvals through 04/11/2021. All PPP lending to that date totals 9,555,366 loans and $755,039,956,417. In 2021, 4,412,201 First and Second Draw loans worth $232,797,472,642 were approved through 5,241 lenders, at an average of $52,762: 2,203,120 First Draw loans worth $42,208,883,593 and 2,209,081 Second Draw loans worth $190,588,589,050. Loans of $50K and under are 81.6% of 2021 loans and 24.8% of the dollars. JPMorgan Chase Bank tops the lender list with 143,657 loans worth $11,109,292,890, 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 04/11/2021
Summary of All PPP Approved Lending

Loans Approved Total Net Dollars Total Lender Count

9,555,366 $755,039,956,417 9,475

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 2,203,120 $42,208,883,593 $19,159 5,149
First Draw Loans with 10 or fewer employees 2,165,971 $32,423,271,766 $14,969 5,136
First Draw Loans LMI & Less than $250k 696,309 $11,626,780,278 $16,698 4,548
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 2,209,081 $190,588,589,050 $86,275 5,215
Second Draw Loans with 10 or fewer employees 1,715,229 $52,355,686,209 $30,524 5,198
Second Draw Loans LMI & Less than $250k 480,707 $22,193,757,456 $46,169 4,668
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 4,412,201 $232,797,472,642 $52,762 5,241
PPP Loans by Community Financial Institutions 548,897 $15,855,634,818 $28,886 453
PPP Loans by Insured Depository Institutions 1,503,082 693, 546,387,668 662,236 4,115
<S10B in Assets
PPP Loans by Credit Unions <S10B in Assets 124,946 $4,549,803,438 $36,414 840
PPP Loans by Farm Credit System Institutions 17,470 &365,336,378 620,912 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 1,562,845 $108,774,788,526
Banks and S&Ls(less than $10B) 4,115 1,503,082 $93,546,387,668
Fintechs (and other State Regulated) 35 788,349 $16,604,348,554
Small Business Lending Companies 13 351,275 $7,272,200,122
Credit Unions (less than $10B) 840 124,946 $4,549, 803,438
Farm Credit Lenders 47 32,453 $790,885,120
Credit Unions (S10B or more) 8 13,097 $400,096,248
Non Bank CDFI Funds 8 18,800 $332,588,730
Microlenders 31 10,875 $249,489, 762
Certified Development Companies 18 5,468 $245,461,836
To Be Confirmed 13 995 $31,138,362
BIDCOs 1 16 $284,278
Total 5,241 4,412,201 $232,797,472,642

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Loan Size for 2021 PPP

Loan Size Loan Count Net Dollars % of Count | % of Amount
$50K and Under 3,601,719 $57 ,623,392,939 81.6% 24.8%
>$50K - $100K 348,739 $24,880,784,151 7.9% 10.7%
>$100K - $150K 170,880 $21,219,370,546 3.9% 9.1%
>$150K - $350K 177,660 $40,208,026,029 4.0% 17.3%
>$350K - $1M 88,383 $49,322,760,524 2.0% 21.2%
>$1M - $2M 24,286 $36,841 634,176 0.6% 15.8%
>$2M - $5M 326 $1,035,413,863 0.0% 0.4%
>$5M 208 $1,666,090,415 0.0% 0.7%

* Overall average loan size is: $53K.

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Top PPP Lenders for 2021 PPP

Lender Name

Loans Approved

Net Dollars

Average Loan Size

1 JPMorgan Chase Bank 143,657 $11,109,292,890 $77,332
2 Bank of America 139,065 $8,495,252,531 $61,088
3 Itria Ventures LLC 238,861 $6,472,765,614 $27,098
4 Capital Plus Financial, LLC 360,238 $6 ,242,402,024 $17,329
5 Cross River Bank 232,481 $5,479,665,561 $23,570
6 PNC Bank 41,672 $4,132,326,963 $99,163
7 Customers Bank 156,609 $3,295,901,779 $21,045
8 TD Bank 42,237 $3,265, 138,354 $77,305
9 Truist Bank 32,662 $3,191,488,257 $97,713
10 Wells Fargo Bank 76,561 $3,062,625,133 $40,002
11 U.S. Bank 58,871 $2,928,275,529 $49,741
12 Zions Bank 26,232 $2,717,507 ,079 $103,595
13 KeyBank 23,462 $2,672,869,350 $113,923
14 M&T Bank 22,112 $2,664,663,964 $120,508
15 Northeast Bank 25,680 $2,557 ,314,111 $99,584

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Industry for 2021 PPP

NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 342,149 $37,780,521,139 16%
Construction 390,100 $29,516,046,365 13%
Professional, Scientific, and Technical Services 480,451 $24 ,962,013,730 11%
Health Care and Social Assistance 349,392 $24,475,841 ,482 11%
Manufacturing 157,067 $20,376,349,508 9%
Other Services (except Public Administration) 648,315 $19,418,516,315 8%
Retail Trade 306,240 $12,202,482,362 5%
Transportation and Warehousing 365,857 $10,170,476,096 4%
Administrative and Support and Waste Management and Remediation Services 219,100 $9,904,263,922 4%
Wholesale Trade 118,958 $8,929,802,682 4%
Agriculture, Forestry, Fishing and Hunting 456,332 $8,717,934,678 4%
Arts, Entertainment, and Recreation 145,415 $6,058,449,708 3%
Real Estate and Rental and Leasing 177,912 $5,886,690,512 3%
Educational Services 73,763 $4,463,100,106 2%
Information 53,547 $3,604,849,885 2%
Finance and Insurance 88,843 $2,679,975,076 1%
Mining 17,688 $2,252,220,978 1%
Public Administration 12,032 $632,81 1,989 0%
Management of Companies and Enterprises 4,855 $417,361 ,431 0%
Utilities 4,185 $347 ,764,679 0%

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Demographics for 2021 PPP
Veteran Loans Approved Net Dollars

Female 708,248 $25,061,588,393 Non-Veteran 1,607,160 $81,342,707,873
Male 1,246,152 $78,234 ,729,925 Unknown/NotStated 2,111,599 $146,113,526,981
Unknown/NotStated 2,457,801 $129,501 154,324 Veteran 93,442 $5,341 237,788
Race Loans Approved Net Dollars Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 44,099 $2,207 ,286,668 Hispanic or Latino 168,056 $7 ,166,318,204
Asian 121,381 $6,069,908,874 Not Hispanic or Latino 1,374,735 $70,608,831,670
Black or African American 459,745 $9,870,289,389 Unknown/NotStated 2,869,410 $155,022,322,768
Eskimo & Aleut 10 $254,365
Multi Group 16 $423,408
Neen or Other Pacific 4,634 $189,642,357
Puerto Rican 236 $9,356,296
Unanswered 3,077,828 $176,614,491,513
White 704,252 $37,835,819,772

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