The U.S. Small Business Administration today announced the release of
detailed loan-level data regarding the loans made under the Paycheck
Protection Program. This disclosure covers 4.9 million PPP loans made to
businesses and nonprofits.
“The PPP is an indisputable success for small businesses, especially to
the communities in which these employers serve as the main job
creators,” said SBA Administrator Jovita Carranza. “Today’s data shows
that small businesses of all types and across all industries benefited
from this unprecedented program, and last week’s jobs numbers reinforce
that PPP is keeping employees on payroll and sustaining millions of
small businesses.”
Today’s release includes loan-level data, including business names,
addresses, NAICS codes, zip codes, business type, demographic data,
nonprofit information, name of lender, jobs supported, and loan amount –
accounting for nearly 75% of the loan dollars approved. For all loans
below $150,000, SBA is releasing information except for business names
and addresses. The data release also includes overall statistics
regarding dollars lent per state, loan amounts, top lenders, and
distribution by industry.
“There is great news for American small businesses across the program,”
said SBA Mid-Atlantic Regional Administrator Steve Bulger. “Twenty seven
percent of the program’s reach went to low and moderate-income areas
which reflects the population in these communities. The average loan
size of about $100,000, demonstrates that the program is truly serving
small of businesses.”
In addition, the data provides information regarding the sizes of
participating lenders and participation by Community Development
Financial Institutions, Minority Depository Institutions, Farm Credit
System institutions, FinTechs and other types of lenders. It further
contains data showing the reach of the program in underserved
communities, rural communities, historically underutilized business
zones (HUBZones), and participation by religious, grant-making, civil,
professional, and other similar organizations.
To view the data. Visit
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program#section-header-11.
