Paycheck Protection 

Program (PPP) Report

Approvals through 12 PM EST 

4/16/2020
Summary

Approvals through 4/16/20

Loan Count Net Approved 

Dollars Lender Count

1,661,367 $342,277,999,103* 4,975

*Net Approved Dollars do not reflect the amount required for reimbursement to

lenders per statute within the CARES Act.
States and Territories

State

Approved 

PPP Loans 

Approved PPP 

Amount

AK 4,842 $921,927,504

AL 27,922 $4,862,690,120

AR 21,754 $2,722,726,557

AS 2 $419,583

AZ 19,280 $4,846,959,062

CA 112,967 $33,413,693,192

CO 41,635 $7,392,960,359

CT 18,435 $4,151,934,451

DC 3,253 $1,247,218,727

DE 5,171 $1,090,415,848

FL 88,997 $17,863,199,837

GA 48,332 $9,464,475,442

GU 508 $102,418,346

HI 11,553 $2,046,450,982

IA 29,424 $4,315,688,444

ID 13,627 $1,850,034,026

IL 69,893 $15,972,578,071

IN 35,990 $7,491,445,351

KS 26,245 $4,288,652,108

KY 23,797 $4,149,467,684

State

Approved 

PPP Loans 

Approved PPP 

Amount

LA 26,635 $5,100,534,501

MA 46,937 $10,360,907,178

MD 26,068 $6,537,733,687

ME 14,993 $1,944,425,549

MI 43,438 $10,381,310,070

MN 46,383 $9,014,060,040

MO 46,481 $7,547,822,023

MP 56 $12,619,835

MS 20,748 $2,481,000,606

MT 13,456 $1,470,300,136

NC 39,520 $8,005,752,270

ND 11,002 $1,548,384,035

NE 23,477 $2,988,890,489

NH 11,582 $2,006,858,477

NJ 33,519 $9,527,794,260

NM 8,277 $1,424,408,711

NV 8,674 $2,013,939,889

NY 81,075 $20,345,681,101

OH 59,800 $14,108,889,927

OK 35,557 $4,615,708,450

State

Approved 

PPP Loans 

Approved PPP 

Amount

OR 18,732 $3,806,104,476

PA 69,567 $15,697,648,689

PR 2,856 $658,573,638

RI 7,732 $1,335,777,801

SC 22,933 $3,807,578,397

SD 11,324 $1,369,616,339

TN 34,035 $6,542,045,089

TX 134,737 $28,483,710,273

UT 21,257 $3,695,399,459

VA 40,371 $8,721,170,223

VI 240 $62,242,612

VT 6,983 $1,000,127,478

WA 30,421 $6,959,680,159

WI 43,395 $8,317,705,842

WV 7,861 $1,351,223,328

WY 7,618 $837,018,372 

Approvals through 4/16/20
Loan Size

Approvals through 4/16/20

• Overall average loan size is $206K.

Loan Size Approved Loans Approved Dollars

% of Count

% of 

Amount

$150K and Under 1,229,893 $58,321,791,761 74.03% 17.04%

>$150K - $350K 224,061 $50,926,354,675 13.49% 14.88%

>$350K - $1M 140,197 $80,628,410,796 8.44% 23.56%

>$1M - $2M 41,238 $57,187,983,464 2.48% 16.71%

>$2M - $5M 21,566 $64,315,474,825 1.30% 18.79%

>$5M 4,412 $30,897,983,582 0.27% 9.03%
Industry by NAICS Subsector

Approvals through 4/16/20

NAICS Subsector Description Approved 

Loans Approved Dollars % of 

Amount

Construction 177,905 $44,906,538,010 13.12%

Professional, Scientific, and Technical Services 208,360 $43,294,713,938 12.65%

Manufacturing 108,863 $40,922,240,021 11.96%

Health Care and Social Assistance 183,542 $39,892,493,481 11.65%

Accommodation and Food Services 161,876 $30,500,417,573 8.91%

Retail Trade 186,429 $29,418,369,063 8.59%

Wholesale Trade 65,078 $19,489,410,472 5.69%

Other Services (except Public Administration) 155,319 $17,707,077,167 5.17%

Administrative and Support and Waste Management and Remediation Services 72,439 $15,285,814,286 4.47%

Real Estate and Rental and Leasing 79,784 $10,743,430,227 3.14%

Transportation and Warehousing 44,415 $10,598,076,231 3.10%

Finance and Insurance 60,134 $8,177,041,995 2.39%

Educational Services 25,198 $8,062,652,288 2.36%

Information 22,825 $6,675,630,276 1.95%

Arts, Entertainment, and Recreation 39,670 $4,939,280,138 1.44%

Agriculture, Forestry, Fishing and Hunting 46,334 $4,374,343,877 1.28%

Mining 11,168 $3,894,793,207 1.14%

Public Administration 5,570 $1,197,353,586 0.35%

Management of Companies and Enterprises 3,211 $1,170,748,130 0.34%

Utilities 3,247 $1,027,575,137 0.30%
PPP Lenders – Highest Approved Dollars

Lender Approved Loans Approved Dollars Average Approved 

Size

1

27,307 $14,071,396,427 $515,304 

2

32,097 $10,309,843,746 $321,209 

3

21,062 $9,612,090,368 $456,371 

4

33,594 $7,778,303,458 $231,538 

5

27,929 $6,555,028,971 $234,703 

6

25,820 $6,114,676,731 $236,819 

7

26,238 $6,057,787,355 $230,878 

8

10,681 $4,406,088,115 $412,516 

9

14,215 $4,356,840,783 $306,496 

10 9,457 $4,267,336,254 $451,236 

11 12,001 $4,190,129,500 $349,148 

12 25,151 $3,889,799,524 $154,658 

13 9,673 $3,392,990,074 $350,769 

14 10,642 $2,978,045,260 $279,839 

15 40,746 $2,966,427,908 $72,803 

Approvals through 4/16/20