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Where Paycheck Protection Program Funds Went

Who Actually Received PPP Loans? The stats you need to know about the Paycheck Protection Program. 65% of all PPP loans were 65% for loan amounts of $50,000 or less Loans over $1 million >2% made up less than 2% of all PPP loans The overall average PPP $113k loan size: $113,000 Professional, scientific, and technical services received the greatest number of PPP loans The health care and social assistance industry received the most net dollars from the PPP NJ and CO received more PPP loans than several states with greater populations Arizona received fewer PPP loans than a number of smaller states Bank of America has II made the most overall PPP loans Smaller banks, CDFIS, and non-bank lenders have $97B made over $97 billion in PPP loans Nearly three-quarters of all PPP loans went to S-Corps and LLCS Less than 10% of PPP loans went to sole >10% proprietors and independent contractors Most retail business- including restaurants and >$50k salons-received loans of $50k or less The vast majority of PPP loan applicants were 97.2% approved: 97.2% fundera COVID LOAN $- TRACKER Sources available at:

Where Paycheck Protection Program Funds Went

shared by FunderaInc on Jun 17
Fundera breakdown of where PPP funds went whether by location, industry, business entity type, and more.


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