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SBA Releases Updated Paycheck Protection Program Report, Includes Loans by State Through May 8

SEATTLE – The U.S. Small Business Administration (SBA) released an updated Paycheck Protection Program (PPP) Report detailing data from the second round of PPP funding through May 8.
 
This report contains PPP loan numbers and volume by state along with lender segments – including PPP loans made by CDFIs, MDIs, non-banks and lenders with less $1 billion in assets.
 
The following is summary of all available PPP data for states in the SBA Pacific Northwest Region plus national numbers for reference:
 

  PPP Loan Numbers PPP Loan Volume
  Round 1
As of April 16
Round 2
As of May 8
Total
As of May 8
Round 1
As of April 16
Round 2
As of May 8
Total
As of May 8
Alaska 4,842 4,750 9,592 $922 million $368 million $1.3 billion
Idaho 13,627 14,051 27,678 $1.9 billion $764 million $2.6 billion
Oregon 18,732 35,751 54,483 $3.8 billion $3.2 billion $7 billion
Washington 30,421 58,149 88,570 $7 billion $5.4 billion $12.4 billion
National* 1,661,367* 2,575,182* 4.2 million* $342 billion* $188 billion* $530 billion*
*National numbers as of May 10
 
National summaries continue to be updated daily on www.sba.gov/paycheckprotection. The latest national data available is from May 10.
 
More than $122 billion in PPP funds are still available for small businesses impacted by the Coronavirus outbreak.
 
So far in round two, the overall average loan size is $73,000 compared to $206,000 in round one.
 
Just over half of all loans made in round two have been made by small and medium lenders, those with less than $10 billion in assets and between $10 and $50 billion in assets, respectively.
 
As of May 10, nearly $60 billion in approved loans have been made by small lenders in round two. This is nearly double the $30 billion set-aside amount for small lenders defined in the Paycheck Protection Program and Health Care Enhancement Act.
 
The PPP Report effective May 8 can be found on www.sba.gov/paycheckprotection along with other PPP reports and data.
 
About the U.S. Small Business Administration
The U.S. Small Business Administration (SBA) makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. The Pacific Northwest Region serves Alaska, Idaho, Oregon and Washington

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