Insured depository institutions under $10 billion in assets in 2021 have approved more than 740,000 Paycheck Protection Program loans worth $60.7 billion, according to the latest SBA data issued this week.
Community banks lead 2021 PPP lending
February 19, 2021 / By ICBA
Insured depository institutions under $10 billion in assets in 2021 have approved more than 740,000 Paycheck Protection Program loans worth $60.7 billion, according to the latest SBA data issued this week.
Insured depository institutions under $10 billion in assets in 2021 have approved more than 740,000 Paycheck Protection Program loans worth $60.7 billion, according to the latest SBA data issued this week. That is out of a total of 1.67 million loans worth some $125.8 billion.
Of the 2021 PPP loan total, more than $114 billion has been approved for second-draw loans and more than $10.8 billion has gone to first-draw loans.
More: Additional PPP information and resources are available on the SBA and Treasury sites and ICBA's PPP and EIP News page.
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