Community bank Paycheck Protection Program loans continued to climb ahead of today's deadline for borrower applications, according to an SBA summary of loan approvals through June 27.
PPP loans continue climb ahead of deadline
June 30, 2020 / By ICBA
Community bank Paycheck Protection Program loans continued to climb ahead of today's deadline for borrower applications, according to an SBA summary of loan approvals through June 27.
Community bank Paycheck Protection Program loans continued to climb ahead of today's deadline for borrower applications, according to an SBA summary of loan approvals through June 27.
Lenders under $10 billion in assets have made some 2.43 million PPP loans worth nearly $229 billion through both rounds of funding. Lenders from $10 billion to $50 billion in assets made more than 730,000 loans worth more than $100 billion.
Combined, the two asset classes account for more than 66 percent of approved loans and more than 63 percent of the approved dollar amount.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
