Lenders under $10 billion in assets have made some 2.52 million PPP loans worth more than $229 billion through both rounds of funding, according to SBA data through July 10.
July 14, 2020 / By ICBA
Lenders under $10 billion in assets have made some 2.52 million PPP loans worth more than $229 billion through both rounds of funding, according to SBA data through July 10. Lenders from $10 billion to $50 billion in assets have made more than 740,000 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. There is more than $132 billion in remaining PPP funds.
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