Paycheck Protection Program (PPP) Report: Approvals through 02/07/2021
Summary
The SBA's Paycheck Protection Program (PPP) Report for approvals through 02/07/2021. All PPP lending stands at 6,438,379 loans for $623,400,743,502 from 5,468 lenders, and 2021 lending at 1,290,778 loans for $100,924,718,302 from 5,082 lenders. Second Draw Loans account for 932,855 loans and $93,360,203,961, averaging $100,080, against 357,923 First Draw Loans for $7,564,514,340. JPMorgan Chase Bank led by dollars with $2,976,976,895 on 38,500 loans, while Bank of America made 50,042 loans for $2,934,277,546. Loans of $50K and Under were 69.7% of the count and 15.9% of the amount, and gender was Unknown/NotStated on 1,163,209 of the 1,290,778 loans.
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“Paycheck Protection Program (PPP) Report: Approvals through 02/07/2021.”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-paycheck-protection-program-weekly-reports-2021-ppp-report-public-f6515a179d/
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Paycheck Protection
Program (PPP) Report
Approvals through 02/07/2021
Summary of All PPP Approved Lending
Loans Approved Total Net Dollars Total Lender Count
6,438,379 $623,400,743,502 5,468
Summary of 2021 PPP Approved Lending
Loans Approved Net Dollars Lender Count
1,290,778 $100,924,718,302 5,082
Approvals through 02/07/2021 2
Loan Breakdown for 2021 PPP
First Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First Draw Loans 357,923 $7,564,514,340 $21,134 4,675
First Draw Loans with 10 or fewer employees 348,416 $5,337,742,768 $15,320 4,642
First Draw Loans LMI & Less than $250k 70,231 $1,257,134,191 $17,900 3,182
Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total Second Draw Loans 932,855 $93,360,203,961 $100,080 5,015
Second Draw Loans with 10 or fewer employees 684,106 $23,441,892,464 $34,266 4,982
Second Draw Loans LMI & Less than $250k 190,666 $10,316,278,028 $54,107 4,157
First & Second Draw Loans Loans Approved Net Dollars Average Loan Size Lender Count
Total First & Second Draw Loans 1,290,778 $100,924,718,302 $78,189 5,082
PPP Loans by Community Financial Institutions 63,513 $4,579,925,467 $72,110 430
PPP Loans by Insured Depository Institutions
608,339 $51,146,198,251 $84,075 4,052
<$10B in Assets
PPP Loans by Credit Unions <$10B in Assets 45,345 $2,284,524,043 $50,381 774
PPP Loans by Farm Credit System Institutions
4,980 $95,879,076 $19,253 34
<$10B in Assets
Approvals through 02/07/2021 3
Lender Types for 2021 PPP
Lender Type Lender Count Loans Approved Net Dollars
Banks and S&Ls(less than $10B) 4,052 608,339 $51,146,198,251
Banks and S&Ls($10B or more) 109 488,353 $42,384,447,759
Fintechs (and other State Regulated) 29 100,866 $2,861,557,895
Credit Unions (less than $10B) 774 45,345 $2,284,524,043
Small Business Lending Companies 12 28,886 $1,664,693,329
Farm Credit Lenders 40 8,741 $217,311,648
Credit Unions ($10B or more) 8 3,464 $136,620,760
Microlenders 27 3,563 $99,003,387
Certified Development Companies 17 1,279 $73,010,816
Non Bank CDFI Funds 8 1,925 $57,081,413
To Be Confirmed 5 12 $153,612
BIDCOs 1 5 $115,387
Total 5,082 1,290,778 $100,924,718,302
Approvals through 02/07/2021 4
States and Territories
State Loan Count Net Dollars State Loan Count Net Dollars State Loan Count Net Dollars
AK 3,263 $311,109,033 LA 19,177 $1,669,230,105 OR 15,565 $1,429,468,921
AL 15,508 $1,100,849,718 MA 30,580 $2,994,606,259 PA 42,533 $4,142,868,153
AR 10,655 $569,086,842 MD 20,667 $1,956,067,433 PR 4,740 $171,202,731
AS 0 $0 ME 6,116 $462,638,344 RI 5,584 $504,071,287
AZ 15,044 $1,249,662,404 MI 36,671 $3,689,906,625 SC 11,274 $878,862,660
CA 131,251 $12,496,021,384 MN 37,527 $2,503,585,961 SD 13,815 $455,661,307
CO 23,754 $2,024,413,709 MO 36,951 $1,929,656,864 TN 20,653 $1,542,949,561
CT 16,512 $1,495,517,386 MP 38 $1,044,943 TX 92,079 $7,775,352,188
DC 2,747 $369,669,485 MS 11,405 $640,428,733 UT 9,705 $827,200,764
DE 2,787 $287,878,321 MT 7,228 $391,633,868 VA 23,834 $2,184,281,543
FL 80,683 $5,348,359,347 NC 22,167 $1,777,608,620 VI 96 $10,891,435
GA 35,439 $2,141,047,757 ND 10,717 $525,629,458 VT 3,526 $303,146,699
GU 209 $15,737,132 NE 27,382 $953,586,278 WA 23,845 $2,547,975,625
HI 4,178 $360,546,800 NH 6,068 $595,929,340 WI 25,683 $2,007,994,221
IA 38,603 $1,327,087,659 NJ 30,827 $2,914,919,882 WV 3,787 $340,325,593
ID 4,846 $348,210,146 NM 5,030 $477,690,433 WY 5,052 $358,765,250
IL 72,151 $5,632,605,733 NV 9,872 $840,501,600 To be confirmed 1 $13,125
IN 20,417 $1,760,767,612 NY 78,372 $7,427,813,430
KS 24,481 $1,089,715,613 OH 36,523 $3,065,444,670
KY 19,426 $1,122,621,116 OK 33,734 $1,574,857,198
Approvals through 02/07/2021 5
Loan Size for 2021 PPP
Loan Size Loan Count Net Dollars % of Count % of Amount
$50K and Under 899,730 $16,083,551,989 69.7% 15.9%
>$50K - $100K 162,663 $11,676,101,157 12.6% 11.6%
>$100K - $150K 84,143 $10,427,512,411 6.5% 10.3%
>$150K - $350K 87,782 $19,916,453,869 6.8% 19.7%
>$350K - $1M 44,737 $24,982,468,875 3.5% 24.8%
>$1M - $2M 11,621 $17,388,071,802 0.9% 17.2%
>$2M - $5M 77 $257,617,546 0.0% 0.3%
>$5M 25 $192,940,653 0.0% 0.2%
* Overall average loan size is: $78K.
Approvals through 02/07/2021 6
Top PPP Lenders for 2021 PPP
Rank Lender Name Loans Approved Net Dollars Average Loan Size
1 JPMorgan Chase Bank 38,500 $2,976,976,895 $77,324
2 Bank of America 50,042 $2,934,277,546 $58,636
3 Itria Ventures LLC 69,290 $1,956,402,083 $28,235
4 PNC Bank 14,989 $1,586,217,048 $105,825
5 Zions Bank 11,584 $1,469,240,719 $126,834
6 M&T Bank 11,362 $1,460,314,329 $128,526
7 Citizens Bank 21,844 $1,236,728,480 $56,616
8 Wells Fargo Bank 27,747 $1,159,078,505 $41,773
9 Northeast Bank 8,588 $1,131,532,032 $131,757
10 KeyBank 8,272 $1,100,771,543 $133,072
11 Cross River Bank 45,333 $1,067,630,831 $23,551
12 Fifth Third Bank 9,879 $1,059,155,378 $107,213
13 U.S. Bank 18,044 $957,950,927 $53,090
14 Regions Bank 12,814 $825,412,917 $64,415
15 Frost Bank 6,145 $753,887,900 $122,683
Approvals through 02/07/2021 7
Industry for 2021 PPP
NAICS Sector Description Loan Count Net Dollars % of Amount
Accommodation and Food Services 134,166 $18,000,672,008 18%
Construction 112,199 $13,698,112,577 14%
Professional, Scientific, and Technical Services 157,368 $11,278,917,750 11%
Manufacturing 59,628 $10,710,113,544 11%
Health Care and Social Assistance 119,187 $10,445,628,653 10%
Other Services (except Public Administration) 135,205 $6,544,574,315 6%
Retail Trade 83,200 $4,834,082,256 5%
Wholesale Trade 37,121 $4,163,502,290 4%
Administrative and Support and Waste Management and Remediation Services 51,346 $4,023,797,033 4%
Agriculture, Forestry, Fishing and Hunting 179,260 $3,508,175,635 3%
Transportation and Warehousing 55,298 $3,148,054,071 3%
Arts, Entertainment, and Recreation 40,441 $2,279,310,449 2%
Real Estate and Rental and Leasing 49,274 $2,259,522,678 2%
Educational Services 22,759 $1,804,613,503 2%
Information 17,196 $1,506,673,576 1%
Mining 7,338 $1,235,763,385 1%
Finance and Insurance 23,276 $879,158,395 1%
Public Administration 3,824 $279,911,014 0%
Management of Companies and Enterprises 1,416 $172,854,669 0%
Utilities 1,276 $151,280,500 0%
Approvals through 02/07/2021 8
Demographics for 2021 PPP
Gender Loans Approved Net Dollars
Female 42,598 $800,338,858
Male 84,971 $1,860,142,231
Unknown/NotStated 1,163,209 $98,264,237,213
Ethnicity Loans Approved Net Dollars
American Indian or Alaska Native 14,454 $933,466,248
Asian 37,786 $2,131,860,351
Black or African American 41,838 $1,126,603,621
Eskimo & Aleut 0 $0
Hispanic 43,257 $2,670,889,764
Multi Group 1 $44,900
Puerto Rican 13 $501,160
Unanswered 980,575 $81,350,612,810
White 172,854 $12,710,739,447
Veteran Loans Approved Net Dollars
Non-Veteran 100,891 $2,080,541,315
Unknown/NotStated 1,182,868 $98,688,880,295
Veteran 7,019 $155,296,692
Approvals through 02/07/2021 9
File and source
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- PPP_Report_Public_210207-508.pdf
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- 270,185 bytes
- SHA-256
- ca0a62293959604d5abd08517b68f8facda9d4cef10668ef686cf304baf35d4e
- Our copy
- PPP_Report_Public_210207-508.pdf
- Original
- legacy.sba.gov