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

Summary of All PPP Approved Lending
Loans Approved
9,140,946

Total Net Dollars
$745,822,791,609

Total Lender Count
5,479

Summary of 2021 PPP Approved Lending
Loans Approved
3,997,635

Net Dollars
$223,574,562,746

Lender Count
5,244

Approvals through 04/04/2021

2

Loan Breakdown for 2021 PPP
First Draw Loans

Loans Approved

Net Dollars

Average Loan Size

Lender Count

Total First Draw Loans

1,870,719

$36,570,716,795

$19,549

5,143

First Draw Loans with 10 or fewer employees

1,835,031

$27,368,563,487

$14,914

5,131

560,007

$9,431,397,190

$16,842

4,520

First Draw Loans LMI & Less than $250k
Second Draw Loans

Loans Approved

Net Dollars

Average Loan Size

Lender Count

Total Second Draw Loans

2,126,916

$187,003,845,951

$87,923

5,215

Second Draw Loans with 10 or fewer employees

1,640,238

$50,801,246,935

$30,972

5,198

457,271

$21,597,062,048

$47,230

4,652

Loans Approved
3,997,635

Net Dollars
$223,574,562,746

Average Loan Size
$55,927

Lender Count
5,244

378,460

$12,780,752,476

$33,770

453

1,441,038

$91,653,215,232

$63,602

4,118

PPP Loans by Credit Unions <$10B in Assets

118,596

$4,403,776,178

$37,133

840

PPP Loans by Farm Credit System Institutions
<$10B in Assets

16,803

$353,749,140

$21,053

41

Second Draw Loans LMI & Less than $250k
First & Second Draw Loans
Total First & Second Draw Loans
PPP Loans by Community Financial Institutions
PPP Loans by Insured Depository Institutions
<$10B in Assets

Approvals through 04/04/2021

3

Lender Types for 2021 PPP
Lender Type
Banks and S&Ls($10B or more)

Lender Count

Loans Approved

Net Dollars

112

1,495,511

$106,098,089,056

4,118

1,441,038

$91,653,215,232

Fintechs (and other State Regulated)

35

599,313

$13,337,608,596

Small Business Lending Companies

13

268,077

$6,144,507,023

840

118,596

$4,403,776,178

47

31,236

$766,237,724

Credit Unions ($10B or more)

8

12,588

$386,024,791

Non Bank CDFI Funds

8

15,087

$281,329,536

Certified Development Companies

18

5,188

$238,288,705

Microlenders

31

10,030

$234,561,531

To Be Confirmed

13

957

$30,649,311

1

14

$275,062

5,244

3,997,635

$223,574,562,746

Banks and S&Ls(less than $10B)

Credit Unions (less than $10B)
Farm Credit Lenders

BIDCOs
Total

Approvals through 04/04/2021

4

States and Territories
State

Loan Count

Net Dollars

State

Loan Count

Net Dollars

State

Loan Count

Net Dollars

AK

9,027

$656,350,522

LA

71,985

$3,598,147,170

OR

38,782

$2,733,111,390

AL

55,074

$2,407,659,007

MA

73,641

$5,998,379,799

PA

109,504

$8,326,561,506

AR

35,572

$1,310,322,203

MD

64,008

$4,172,350,643

PR

21,459

$779,556,318

AS

12

$182,443

ME

15,515

$885,814,126

RI

12,259

$888,291,669

AZ

51,000

$3,080,557,333

MI

96,986

$6,836,656,204

SC

43,075

$2,195,958,238

CA

411,890

$29,545,827,437

MN

93,022

$4,605,765,257

SD

33,250

$910,351,004

CO

64,285

$4,219,930,466

MO

98,744

$3,823,176,764

TN

78,508

$3,484,658,520

CT

40,574

$2,860,902,866

MP

403

$23,718,717

TX

312,419

$17,538,154,263

DC

9,641

$982,879,375

MS

43,517

$1,466,073,338

UT

25,404

$1,653,697,182

DE

8,424

$608,556,139

MT

18,723

$732,451,579

VA

71,193

$4,703,748,340

FL

314,646

$14,156,010,284

NC

79,655

$4,492,045,683

852

$62,301,482

GA

175,954

$6,745,901,645

ND

25,517

$982,844,394

VT

7,537

$508,840,628

GU

1,202

$89,435,197

NE

57,325

$1,676,833,102

WA

65,960

$5,189,394,620

HI

15,819

$1,259,717,772

NH

13,506

$1,049,297,453

WI

72,430

$3,799,921,053

IA

88,845

$2,542,804,460

NJ

99,760

$7,108,935,018

WV

11,368

$711,524,409

ID

16,384

$807,082,316

NM

13,623

$1,002,703,775

WY

10,284

$552,649,047

IL

256,325

$11,759,341,558

NV

37,882

$1,993,816,308

To be confirmed

1

$13,125

IN

65,636

$3,577,047,002

NY

257,802

$18,600,019,254

KS

58,517

$2,059,371,443

OH

118,808

$7,068,044,565

KY

56,651

$2,191,896,586

OK

67,450

$2,556,980,751

VI

Approvals through 04/04/2021

5

Loan Size for 2021 PPP
Loan Size
$50K and Under

Loan Count

Net Dollars

% of Count

% of Amount

3,200,554

$51,497,016,054

80.1%

23.0%

>$50K - $100K

342,605

$24,449,031,416

8.6%

10.9%

>$100K - $150K

168,084

$20,869,230,388

4.2%

9.3%

>$150K - $350K

175,021

$39,612,342,818

4.4%

17.7%

>$350K - $1M

87,039

$48,574,419,713

2.2%

21.7%

>$1M - $2M

23,842

$36,131,644,870

0.6%

16.2%

>$2M - $5M

309

$986,325,469

0.0%

0.4%

>$5M

181

$1,454,552,019

0.0%

0.7%

* Overall average loan size is: $56K.

Approvals through 04/04/2021

6

Top PPP Lenders for 2021 PPP
Rank

Lender Name

Loans Approved

Net Dollars

Average Loan Size

1

JPMorgan Chase Bank

139,416

$10,844,758,307

$77,787

2

Bank of America

135,833

$8,320,576,579

$61,256

3

Itria Ventures LLC

235,790

$6,480,068,357

$27,482

4

Cross River Bank

216,490

$5,132,531,065

$23,708

5

PNC Bank

40,521

$4,056,954,310

$100,120

6

Capital Plus Financial, LLC

202,279

$3,477,738,302

$17,193

7

TD Bank

40,491

$3,150,463,432

$77,807

8

Truist Bank

30,898

$3,076,273,989

$99,562

9

Wells Fargo Bank

73,431

$2,958,309,379

$40,287

10

Customers Bank

138,841

$2,941,315,468

$21,185

11

U.S. Bank

56,419

$2,846,801,579

$50,458

12

Zions Bank

25,309

$2,655,409,321

$104,920

13

M&T Bank

21,608

$2,642,792,449

$122,306

14

KeyBank

22,783

$2,633,204,193

$115,578

15

Northeast Bank

24,545

$2,486,116,106

$101,288

Approvals through 04/04/2021

7

Industry for 2021 PPP
NAICS Sector Description

Loan Count

Net Dollars

% of Amount

Accommodation and Food Services

322,536

$36,958,628,308

17%

Construction

356,550

$28,617,795,083

13%

Professional, Scientific, and Technical Services

447,661

$24,209,969,162

11%

Health Care and Social Assistance

326,845

$23,637,800,171

11%

Manufacturing

145,212

$19,935,410,020

9%

Other Services (except Public Administration)

557,679

$17,747,221,059

8%

Retail Trade

274,409

$11,553,676,627

5%

Administrative and Support and Waste Management and Remediation Services

189,888

$9,365,708,742

4%

Transportation and Warehousing

305,625

$9,256,704,200

4%

Wholesale Trade

106,395

$8,639,539,074

4%

Agriculture, Forestry, Fishing and Hunting

436,454

$8,391,694,626

4%

Arts, Entertainment, and Recreation

129,996

$5,728,406,786

3%

Real Estate and Rental and Leasing

162,669

$5,620,752,270

3%

Educational Services

68,315

$4,327,106,007

2%

Information

49,566

$3,490,127,902

2%

Finance and Insurance

81,796

$2,534,529,100

1%

Mining

16,675

$2,207,442,544

1%

Public Administration

10,932

$607,541,774

0%

Management of Companies and Enterprises

4,559

$404,333,672

0%

Utilities

3,873

$340,175,620

0%

Approvals through 04/04/2021

8

Demographics for 2021 PPP
Gender

Loans Approved

Net Dollars

Veteran

Loans Approved

Net Dollars

600,635

$23,148,124,534

Non-Veteran

1,400,465

$77,151,818,969

Male

1,126,152

$75,416,654,463

Unknown/NotStated

2,511,880

$141,275,346,548

Unknown/NotStated

2,270,848

$125,009,783,749

85,290

$5,147,397,229

Female

Race

Loans Approved

Net Dollars

Veteran

Ethnicity

$6,815,611,500

Not Hispanic or Latino

1,207,060

$67,067,495,530

Unknown/NotStated

2,639,615

$149,691,455,716

$2,158,025,848

Hispanic or Latino

Asian

115,181

$5,893,163,276

Black or African American

341,097

$7,722,090,208

9

$233,531

16

$423,408

3,909

$175,524,938

221

$9,052,603

2,842,346

$171,055,897,636

652,883

$36,560,151,296

Eskimo & Aleut
Multi Group
Native Hawaiian or Other Pacific
Islander
Puerto Rican
Unanswered
White

Net Dollars

150,960

41,973

American Indian or Alaska Native

Loans Approved

Approvals through 04/04/2021

9