• S&P 500 7,659.44 −1.09%
  • Dow Jones 52,002.41 −0.34%
  • Nasdaq 26,713.03 +0.08%
  • VIX 19.99 +21.45%
  • 10-year Treasury 5.09% −0.01
  • Dollar index 121.40 −0.14%
  • WTI crude $101.91 +1.04%

Paycheck Protection Program loans

The 968,520 Paycheck Protection Program loans of $150,000 or more, summed by state, industry and lender, with how much was forgiven. From the Small Business Administration's loan-level data, read Oct 20, 2026.

Loans
968,520
Lent
$513.9B
Average loan
$530.6K
Forgiven
$499.2B
Share of dollars forgiven
97.1%
Jobs reported
50,249,235
Charged off
17,105

The Paycheck Protection Program lent to businesses in 2020 and 2021 to keep workers on the payroll; a loan was forgiven, in full or in part, when the money went to payroll, rent and utilities. Forgiveness can exceed the loan slightly because it includes interest. "Charged off" means the lender wrote the loan off and the SBA paid the guarantee. 11,328 loans are marked "Exemption 4": the SBA withheld their status under the Freedom of Information Act's exemption for confidential business information.

Lending by month

Dollars approved each month, in billions. The program opened in April 2020, paused that August, and reopened for first and second draws in January 2021.

Source: the Small Business Administration's PPP loan data, loans of $150,000 or more. Read Oct 20, 2026; the latest forgiveness in the file is dated Sep 30, 2024.

The largest loans

The 150 largest. Loans were capped at $10 million, so many share the top amount; ties are ordered by jobs reported.

BorrowerIndustryLenderApprovedJobsLoanForgiven
Duffy's Holdings, Inc.Lake Worth, FLAccommodation and food servicesCitizens Bank, National AssociationApr 15, 2020500$10.00M$10.17M
Metaltek International, IncWaukesha, WIManufacturingJPMorgan Chase Bank, National AssociationApr 9, 2020500$10.00M$10.12M
Feyen-Zylstra LLCGrand Rapids, MIConstructionThe Huntington National BankApr 28, 2020500$10.00M$10.11M
I Am BoundlessWorthington, OHHealth care and social assistanceThe Huntington National BankMar 26, 2021500$10.00M$10.06M
Southern California Pizza CompanyOrange, CAAccommodation and food servicesRegions BankApr 9, 2020500$10.00M–
Crain Communications Inc.Detroit, MIInformationJPMorgan Chase Bank, National AssociationApr 9, 2020500$10.00M$10.14M
Aspire of Western New York Inc.Getzville, NYHealth care and social assistanceKeyBank National AssociationMar 26, 2021500$10.00M$10.10M
Rubio's Restaurants, Inc.Carlsbad, CAAccommodation and food servicesSunwest BankApr 9, 2020500$10.00M$10.12M
Zeeco, IncBroken Arrow, OKManufacturingArvest BankApr 9, 2020500$10.00M$10.12M
Erie County Medical Center CorporationBuffalo, NYHealth care and social assistanceKeyBank National AssociationJun 9, 2020500$10.00M$10.11M
Metropolitan Security Services, Inc.Chattanooga, TNAdministrative and waste servicesRenasant BankMay 2, 2020500$10.00M$10.18M
Community Healthcare Network Inc.New York, NYHealth care and social assistancePonce BankApr 9, 2021500$10.00M$10.12M
Tempositions, Inc.New York, NYAdministrative and waste servicesEmigrant BankApr 15, 2020500$10.00M–
Plymouth Tube CompanyWarrenville, ILOther servicesU.S. Bank, National AssociationApr 15, 2020500$10.00M$10.16M
Xanitos, Inc.Newtown Square, PAAdministrative and waste servicesBanc of CaliforniaApr 15, 2020500$10.00M$10.11M
Sundance IncBrighton, MIAccommodation and food servicesPNC Bank, National AssociationApr 15, 2020500$10.00M$10.13M
Datadirect Networks, Inc.Chatsworth, CAManufacturingPreferred BankApr 15, 2020500$10.00M$9.88M
Camba Inc.Brooklyn, NYOther servicesProvident BankApr 23, 2021500$10.00M$7.50M
Zoe%27s Kitchen, Inc.Plano, TXAccommodation and food servicesJPMorgan Chase Bank, National AssociationApr 15, 2020500$10.00M$10.11M
Advance Local Holdings Corp.New York, NYInformationJPMorgan Chase Bank, National AssociationMar 12, 2021500$10.00M$10.13M
Bickford Senior Living Group LLCOlathe, KSHealth care and social assistanceCrossFirst BankApr 15, 2020500$10.00M$10.11M
Bethesda Lutheran Communities IncWauwatosa, WIHealth care and social assistancePNC Bank, National AssociationMar 26, 2021500$10.00M$7.74M
Sizzling Caesars, LLCSalt Lake City, UTAccommodation and food servicesFirst Savings BankApr 9, 2020500$10.00M$10.18M
Urban Health Plan IncBronx, NYHealth care and social assistancePonce BankApr 9, 2021500$10.00M$10.11M
PBS Brand Co., LLCDenver, COAccommodation and food servicesJPMorgan Chase Bank, National AssociationApr 9, 2020500$10.00M–
TNTX, LLCGrapevine, TXRetail tradeFrost BankApr 9, 2020500$10.00M$10.12M
Norms Restaurants, LLCBellflower, CAAccommodation and food servicesFirst Savings BankApr 9, 2020500$10.00M$10.11M
Boddie-Noell Enterprises IncRocky Mount, NCAccommodation and food servicesTruist BankApr 9, 2020500$10.00M$10.12M
Montco IncEast Brunswick, NJAdministrative and waste servicesPNC Bank, National AssociationApr 15, 2020500$10.00M$10.21M
Presbyterian Medical ServicesSanta Fe, NMHealth care and social assistanceSunflower Bank National AssociationApr 9, 2021500$10.00M–
Shari's Management CorporationBeaverton, ORAccommodation and food servicesFirst Savings BankApr 9, 2020500$10.00M$10.14M
Oliver Street Dermatology Management LLCDallas, TXHealth care and social assistanceBank of America, National AssociationMay 2, 2020500$10.00M$10.11M
Educational Services IncScottsdale, AZAdministrative and waste servicesMidFirst BankMar 12, 2021500$10.00M$10.06M
Ag-Pro, LLCBoston, GAManufacturingThomasville National BankApr 9, 2020500$10.00M–
Family Practice Center PCShamokin Dam, PAHealth care and social assistanceMifflinburg Bank & Trust CoApr 9, 2020500$10.00M$10.12M
Withumsmith + Brown, P.c.Princeton, NJProfessional, scientific and technical servicesPeapack-Gladstone BankApr 9, 2020500$10.00M$10.12M
Delta Star Inc.Lynchburg, VAManufacturingJPMorgan Chase Bank, National AssociationMay 2, 2020500$10.00M$10.11M
Birch Family Services IncNew York, NYHealth care and social assistanceTD Bank, National AssociationApr 15, 2020500$10.00M$10.14M
Welllife Network Inc.Flushing, NYHealth care and social assistanceTD Bank, National AssociationApr 15, 2020500$10.00M$10.14M
Lemek LLCElkridge, MDAccommodation and food servicesSandy Spring BankApr 9, 2020500$10.00M$10.21M
The Jewish Board of Family and ChildrenNew York, NYHealth care and social assistanceTD Bank, National AssociationApr 23, 2021500$10.00M$10.13M
Weber Metals, Inc.Paramount, CAManufacturingCity National BankApr 9, 2020500$10.00M$10.12M
Southern Minnesota Beet Sugar CooperativeRenville, MNManufacturingBMO Bank National AssociationApr 9, 2020500$10.00M$10.11M
Family Residences and Essential EnterpriOld Bethpage, NYHealth care and social assistanceTD Bank, National AssociationApr 23, 2021500$10.00M$10.13M
Human Technologies IncGreenville, SCAdministrative and waste servicesTruist BankApr 9, 2020500$10.00M$10.12M
Teds Montana Grill IncAtlanta, GAAccommodation and food servicesJPMorgan Chase Bank, National AssociationApr 9, 2020500$10.00M$10.13M
Legacy Treatment ServicesHainesport, NJHealth care and social assistanceTD Bank, National AssociationApr 23, 2021500$10.00M$10.08M
Schwebel Baking CompanyYoungstown, OHManufacturingFirst National Bank of PennsylvaniaApr 9, 2020500$10.00M$10.11M
Lipsey Communications, LLCHouston, TXInformationRegions BankApr 9, 2020500$10.00M$10.13M
Exact StaffWoodland Hills, CAAdministrative and waste servicesSignature BankApr 15, 2020500$10.00M$10.13M
Digital Intelligence Systems, LLCMC Lean, VAProfessional, scientific and technical servicesFirst Commonwealth BankApr 9, 2020500$10.00M$10.11M
Advanced Call Center Technologies, LLCBerwyn, PAAdministrative and waste servicesManufacturers and Traders Trust CompanyApr 15, 2020500$10.00M$10.12M
Uno Restaurants, LLCWest Roxbury, MAAccommodation and food servicesNeedham BankApr 15, 2020500$10.00M$10.11M
Andy Frain Services, Inc.Aurora, ILAdministrative and waste servicesOld Second National BankApr 15, 2020500$10.00M$10.13M
Sunflower Electric Power CorporationHays, KSUtilitiesCommerce BankApr 15, 2020500$10.00M$10.12M
Preferred Family Healthcare IncorporatedKirksville, MOHealth care and social assistanceUMB Bank, National AssociationMar 25, 2021500$10.00M$10.03M
Total Administrative Services CorporationMadison, WIFinance and insuranceBMO Bank National AssociationMay 1, 2020500$10.00M$10.11M
Advanced Clinical Holdings, Inc.Deerfield, ILProfessional, scientific and technical servicesCIBC Bank USAApr 9, 2020500$10.00M$10.12M
Dayton Superior CorporationMiamisburg, OHManufacturingBank of America, National AssociationApr 15, 2020500$10.00M$10.11M
National DCP, LLCDuluth, GARetail tradeCitizens Bank, National AssociationMay 1, 2020500$10.00M$10.16M
Hka Enterprises LLCDuncan, SCProfessional, scientific and technical servicesFifth Third BankApr 15, 2020500$10.00M$10.23M
The Bama Companies, Inc.Tulsa, OKManufacturingJPMorgan Chase Bank, National AssociationApr 9, 2020500$10.00M$7.60M
Adams Communications Company, LLCMinneapolis, MNInformationBremer Bank, National AssociationApr 15, 2020500$10.00M$10.11M
Career Group Inc.Los Angeles, CAProfessional, scientific and technical servicesHarvest Small Business Finance, LLCJan 30, 2021500$10.00M$10.07M
Continental Cafe Holdings, LLCTroy, MIAccommodation and food servicesPNC Bank, National AssociationApr 15, 2020500$10.00M$10.14M
Marlabs, Inc.Piscataway, NJProfessional, scientific and technical servicesKeyBank National AssociationApr 28, 2020500$10.00M$10.11M
True Leaf Holdings, LLCSalinas, CAProfessional, scientific and technical servicesMechanics BankApr 28, 2020500$10.00M$10.12M
Smith Temporaries, Inc.Grapevine, TXAdministrative and waste servicesFrost BankApr 28, 2020500$10.00M$10.14M
Trust-Boston Market CorpLakewood, COAccommodation and food servicesMeridian BankMay 19, 2020500$10.00M–
Wolverine Fuels Holding LLCSandy, UTMining, oil and gasCache Valley BankMar 25, 2021500$10.00M$10.06M
Innovative Service Technology Management Services, IncAtlanta, GAAdministrative and waste servicesThe Piedmont BankApr 28, 2020500$10.00M$10.11M
Centerline Logistics CorporationSeattle, WATransportation and warehousingU.S. Bank, National AssociationApr 28, 2020500$10.00M$10.11M
Encore Rehabilitation IncDecatur, ALHealth care and social assistanceIberiaBank, A Division of First Horizon BankApr 8, 2020500$10.00M$10.19M
Gray Robinson PAOrlando, FLProfessional, scientific and technical servicesAmeris BankApr 28, 2020500$10.00M$10.12M
Muy Pizza Tejas, LLCSan Antonio, TXAccommodation and food servicesRegions BankApr 8, 2020500$10.00M$10.11M
Joy Cone CompanyHermitage, PAManufacturingBMO Bank National AssociationApr 8, 2020500$10.00M$10.11M
Empire Education Group, Inc.Pottsville, PAEducational servicesFidelity Deposit and Discount BankApr 8, 2020500$10.00M$10.13M
Sierra Nevada Brewing, Inc.Chico, CAManufacturingGolden Valley BankApr 8, 2020500$10.00M$10.12M
Carolina Restaurant Group, IncCharlotte, NCAccommodation and food servicesThe Huntington National BankApr 15, 2020500$10.00M$10.11M
Just Born IncBethlehem, PAManufacturingPNC Bank, National AssociationApr 8, 2020500$10.00M$10.14M
Stein Mart, Inc.Jacksonville, FLRetail tradeHarvest Small Business Finance, LLCJun 18, 2020500$10.00M$10.14M
Snooze Import Export LLCDenver, COAccommodation and food servicesJPMorgan Chase Bank, National AssociationApr 8, 2020500$10.00M$10.12M
Young Men's Christian Association of the Greater Houston AreHouston, TXOther servicesCapital One, National AssociationMar 25, 2021500$10.00M$10.06M
Avi Foodsystems Inc.Warren, OHAccommodation and food servicesJPMorgan Chase Bank, National AssociationApr 15, 2020500$10.00M$10.11M
QSC, LLCCosta Mesa, CAManufacturingJPMorgan Chase Bank, National AssociationApr 8, 2020500$10.00M$10.12M
Accurate Personnel LLCSchaumburg, ILAdministrative and waste servicesSchaumburg Bank & Trust Company, National AssociationApr 8, 2020500$10.00M$10.12M
Fay Servicing, LLCChicago, ILFinance and insuranceIdaho First BankApr 28, 2020500$10.00M$10.15M
Success Foods Management Group, LLC DBA Torchy's TacosAustin, TXAccommodation and food servicesAmerican Bank of CommerceApr 28, 2020500$10.00M–
The Kleinfelder Group, Inc.San Diego, CAProfessional, scientific and technical servicesU.S. Bank, National AssociationApr 28, 2020500$10.00M$10.11M
Bolton & Menk, Inc.Mankato, MNConstructionBremer Bank, National AssociationApr 15, 2020500$10.00M$10.12M
Thompson Industrial Services, LLCSumter, SCAdministrative and waste servicesBank of America, National AssociationApr 15, 2020500$10.00M$10.11M
Mission BBQ Management, LLCGlen Burnie, MDAccommodation and food servicesManufacturers and Traders Trust CompanyApr 15, 2020500$10.00M$10.11M
Zeta Global Corp.New York, NYInformationLendingClub Bank, National AssociationApr 8, 2020500$10.00M$10.12M
Healthcare Support Staffing Inc.Maitland, FLAdministrative and waste servicesJPMorgan Chase Bank, National AssociationMay 1, 2020500$10.00M$10.11M
Tradebe Capital CorporationMerrillville, INAdministrative and waste servicesFirst Source Federal Credit UnionMay 18, 2020500$10.00M$10.11M
The Schroer Group IncNorth Canton, OHHealth care and social assistancePNC Bank, National AssociationApr 28, 2020500$10.00M$10.12M
Services for the Underserved Inc.New York, NYHealth care and social assistanceTD Bank, National AssociationApr 22, 2021500$10.00M$10.14M
Fries Restaurant Management LLCDallas, TXAccommodation and food servicesSimmons BankApr 8, 2020500$10.00M$10.12M
Wendelta, IncMemphis, TNAccommodation and food servicesFirst Horizon BankApr 8, 2020500$10.00M$10.11M
J.j. White, Inc.Philadelphia, PAConstructionWilmington Savings Fund Society, FSBApr 15, 2020500$10.00M$10.11M
RMH Franchise CorporationAtlanta, GAFinance and insuranceBMO Bank National AssociationApr 8, 2020500$10.00M$10.11M
Benesys, Inc.Troy, MIInformationPNC Bank, National AssociationApr 15, 2020500$10.00M$10.13M
Legal Sea Foods, LLCBoston, MAAccommodation and food servicesRockland Trust CompanyApr 8, 2020500$10.00M$10.12M
Alvarado Concepts, LLCThornton, COAccommodation and food servicesCitizens Bank, National AssociationApr 8, 2020500$10.00M$10.13M
Young Men's Christian Association of ChicagoChicago, ILOther servicesBMO Bank National AssociationMar 24, 2021500$10.00M$10.12M
Lupe Holdings, LPHouston, TXAccommodation and food servicesCitizens Bank, National AssociationApr 14, 2020500$10.00M$10.14M
MosaicOmaha, NEHealth care and social assistanceNebraska Enterprise FundMay 26, 2021500$10.00M$10.06M
Bertuccis Restaurants LLCOrlando, FLAccommodation and food servicesPNC Bank, National AssociationApr 8, 2020500$10.00M$10.13M
Caribbean Restaurants LLCGuaynabo, PRAccommodation and food servicesBanco Popular de Puerto RicoApr 8, 2020500$10.00M$10.12M
Sco Family of ServicesGlen Cove, NYHealth care and social assistanceTD Bank, National AssociationApr 22, 2021500$10.00M$10.13M
Labornow, IncBraintree, MAAdministrative and waste servicesSantander Bank, National AssociationApr 28, 2020500$10.00M$10.11M
Platinum Home Health Care Inc.Brooklyn, NYHealth care and social assistanceCitibank, N.A.Apr 28, 2020500$10.00M$10.26M
Central Utah Clinic PCProvo, UTHealth care and social assistanceZions Bank, A Division ofMay 1, 2020500$10.00M$10.11M
Pacific Farm Management IncMadera, CAProfessional, scientific and technical servicesHarvest Small Business Finance, LLCApr 30, 2020500$10.00M$8.63M
Icon Information Consultants, LPHouston, TXAdministrative and waste servicesZions Bank, A Division ofMay 1, 2020500$10.00M$10.11M
PBM, LLCNew York, NYAdministrative and waste servicesSignature BankApr 14, 2020500$10.00M$10.13M
Drury Hotels Company, LLCSaint Louis, MOAccommodation and food servicesUMB Bank, National AssociationApr 8, 2020500$10.00M$10.12M
Zihuatanejo Holdings, LLCEvanston, ILHealth care and social assistanceForbright BankApr 30, 2020500$10.00M$10.11M
Fredrikson & Byron, P.a.Minneapolis, MNProfessional, scientific and technical servicesBMO Bank National AssociationApr 14, 2020500$10.00M–
Cava Mezze Grill, LLCWashington, DCAccommodation and food servicesTruist BankApr 8, 2020500$10.00M$10.12M
Developmental Disabilities Institute IncSmithtown, NYHealth care and social assistanceTD Bank, National AssociationApr 22, 2021500$10.00M$10.07M
Axelon Services CorporationNew York, NYAdministrative and waste servicesKeyBank National AssociationApr 28, 2020500$10.00M$10.13M
G W Lisk IncClifton Springs, NYManufacturingESL FCUApr 28, 2020500$10.00M$10.11M
SWH Mimis Cafe LLCRichardson, TXAccommodation and food servicesUnited Business BankApr 7, 2020500$10.00M$10.11M
Harte Hanks Inc.Chelmsford, MAProfessional, scientific and technical servicesTexas Capital BankApr 14, 2020500$10.00M$10.11M
Community Home Care Referral SVC IncBrooklyn, NYHealth care and social assistanceHSBC Bank USA, National AssociationApr 30, 2020500$10.00M$10.11M
Access Community Health NetworkChicago, ILHealth care and social assistanceCIBC Bank USAMar 24, 2021500$10.00M$10.08M
Hof's Hut Restaurant, Inc.Signal Hill, CAAccommodation and food servicesCity National BankApr 7, 2020500$10.00M$10.13M
Mcmenamins, Inc.Portland, ORAccommodation and food servicesHomeStreet BankApr 7, 2020500$10.00M$10.12M
Mohawk Fine Papers IncCohoes, NYManufacturingManufacturers and Traders Trust CompanyApr 14, 2020500$10.00M$10.12M
Hoa Restaurant Holder, LLCAtlanta, GAAccommodation and food servicesRenasant BankApr 7, 2020500$10.00M$10.11M
Fisher %26 CompanySt. Clair Shores, MIManufacturingJPMorgan Chase Bank, National AssociationApr 14, 2020500$10.00M$10.14M
Constant Aviation LLCCleveland, OHManufacturingCIBC Bank USAApr 14, 2020500$10.00M$10.14M
Summit Security Services Inc.Uniondale, NYAdministrative and waste servicesHSBC Bank USA, National AssociationApr 28, 2020500$10.00M$10.11M
Innovative Staff Solutions, Inc.Mattoon, ILAdministrative and waste servicesFifth Third BankApr 14, 2020500$10.00M$10.17M
Dendreon Pharmaceuticals LLCSeal Beach, CAManufacturingJPMorgan Chase Bank, National AssociationApr 14, 2020500$10.00M$10.13M
Lazy Dog Restaurants LLCCosta Mesa, CAAccommodation and food servicesFirst Horizon BankApr 7, 2020500$10.00M$10.13M
King's Seafood Company, LLCCosta Mesa, CAAccommodation and food servicesCity National BankApr 14, 2020500$10.00M$10.11M
Tgi Friday's, Inc.Dallas, TXAccommodation and food servicesU.S. Bank, National AssociationApr 14, 2020500$10.00M$10.12M
Goodwill Industries of Greater New York and Northern New JerAstoria, NYHealth care and social assistanceSignature BankMar 23, 2021500$10.00M$10.11M
JTS Enterprises of Tampa LTDTampa, FLAccommodation and food servicesPNC Bank, National AssociationApr 7, 2020500$10.00M$10.14M
Rising GroundBrooklyn, NYHealth care and social assistanceTD Bank, National AssociationApr 21, 2021500$10.00M$10.15M
Salo, LLCMinneapolis, MNProfessional, scientific and technical servicesBMO Bank National AssociationApr 14, 2020500$10.00M$10.12M
Agrimark, Inc.Andover, MAManufacturingCoBank ACBApr 14, 2020500$10.00M$10.12M
Freightcar America, Inc.Chicago, ILManufacturingBMO Bank National AssociationApr 7, 2020500$10.00M$10.12M
Enjoy Technology, Inc.Palo Alto, CATransportation and warehousingNewtek Small Business Finance, Inc.Apr 14, 2020500$10.00M–
Luxor Staffing, Inc.Arlington, TXAdministrative and waste servicesSusser BankJun 17, 2020500$10.00M$10.17M
Quality Temporary Services Inc.Flint, MIAdministrative and waste servicesNicolet National BankApr 14, 2020500$10.00M$10.11M
Metz Culinary Management IncDallas, PAAccommodation and food servicesPNC Bank, National AssociationApr 14, 2020500$10.00M$10.12M
Ncgcare, Inc.Richmond, VAHealth care and social assistanceAtlantic Union BankApr 7, 2020500$10.00M$10.12M

Source: the Small Business Administration's PPP loan data, loans of $150,000 or more. Read Oct 20, 2026; the latest forgiveness in the file is dated Sep 30, 2024.

By state

Where the borrower is based (the project's state when the borrower's is blank).

StateLoansAmountAverage loanJobs reportedForgivenShare forgiven
California130,611$69.4B$531.7K6,599,301$66.3B95.5%
New York74,106$42.0B$566.7K3,939,980$40.2B95.6%
Texas76,193$40.2B$528.0K4,036,320$39.1B97.2%
Florida60,031$28.2B$469.6K3,008,463$26.6B94.5%
Illinois40,814$23.2B$568.5K2,131,538$22.6B97.6%
Pennsylvania38,536$21.4B$554.1K2,001,019$21.0B98.4%
Ohio32,645$18.6B$568.5K1,851,488$18.3B98.4%
New Jersey32,536$17.4B$535.6K1,581,831$16.9B97.0%
Michigan29,802$16.4B$549.8K1,632,498$16.1B98.3%
Massachusetts27,474$14.9B$542.4K1,291,168$14.6B98.0%
Georgia25,834$13.1B$505.5K1,315,132$12.5B96.0%
Washington23,754$12.7B$534.7K1,128,381$12.4B97.9%
Virginia23,267$12.2B$525.5K1,133,952$11.8B96.7%
Minnesota19,728$11.3B$575.0K1,064,353$11.2B98.9%
North Carolina22,827$11.1B$485.8K1,204,723$10.9B98.3%
Maryland18,978$10.1B$533.2K948,109$9.8B96.5%
Colorado19,743$10.0B$507.9K929,898$9.8B97.3%
Wisconsin17,353$9.6B$555.6K958,242$9.5B98.9%
Indiana16,599$9.3B$559.0K923,205$9.1B98.6%
Missouri16,349$8.8B$536.6K868,195$8.7B98.7%
Tennessee15,868$8.2B$516.8K860,957$8.0B97.6%
Arizona15,791$8.1B$513.7K912,416$7.8B96.7%
Louisiana13,669$7.4B$541.6K747,799$7.3B98.3%
Oregon13,455$6.8B$505.5K644,452$6.7B98.5%
Connecticut12,890$6.7B$517.3K605,436$6.6B98.4%
Alabama10,912$5.6B$512.3K586,982$5.5B98.5%
Oklahoma9,999$5.2B$515.8K504,875$5.1B98.5%
South Carolina10,746$5.1B$473.4K565,637$5.0B97.7%
Kentucky9,178$5.0B$548.3K527,385$5.0B98.6%
Utah9,293$4.8B$517.6K492,632$4.7B97.1%
Kansas8,203$4.7B$574.1K462,282$4.7B99.3%
Iowa8,295$4.6B$559.3K454,946$4.6B100.0%
Nevada8,260$4.1B$497.8K434,101$3.9B94.8%
Nebraska5,804$3.1B$527.5K311,415$3.0B99.1%
Arkansas5,857$2.8B$475.1K314,170$2.8B99.6%
Mississippi5,504$2.7B$486.4K313,482$2.6B98.1%
Hawaii4,980$2.6B$523.0K249,445$2.5B95.7%
District of Columbia4,398$2.5B$572.8K203,157$2.4B95.2%
New Hampshire5,078$2.5B$490.1K237,245$2.5B99.5%
New Mexico4,485$2.2B$497.4K236,318$2.2B97.4%
Idaho4,417$2.1B$481.4K232,937$2.1B98.3%
Maine4,185$2.1B$493.4K207,181$2.0B99.2%
Rhode Island3,792$1.9B$511.2K185,539$1.9B98.7%
North Dakota3,222$1.7B$541.2K152,751$1.7B98.4%
West Virginia3,365$1.7B$509.6K180,559$1.7B97.8%
Delaware2,995$1.5B$506.1K150,531$1.5B97.7%
Puerto Rico2,952$1.5B$502.4K270,766$1.5B99.9%
Montana3,144$1.5B$466.0K151,790$1.4B98.5%
South Dakota2,695$1.4B$524.5K148,648$1.4B98.6%
Alaska2,661$1.3B$502.5K108,218$1.3B96.1%
Vermont2,267$1.1B$502.9K108,850$1.1B98.8%
Wyoming2,137$981.2M$459.1K86,958$948.1M96.6%
Guam443$197.1M$444.9K30,952$193.8M98.3%
U.S. Virgin Islands290$112.5M$388.0K12,051$106.8M94.9%
Northern Mariana Islands82$35.9M$437.2K6,778$34.0M94.9%
American Samoa20$5.6M$281.9K1,656$4.3M75.6%
Unknown8$2.0M$246.9K142$2.0M100.7%

Source: the Small Business Administration's PPP loan data, loans of $150,000 or more. Read Oct 20, 2026; the latest forgiveness in the file is dated Sep 30, 2024.

By industry

The borrower's industry by the first two digits of its NAICS code, as given on the application.

IndustryLoansAmountAverage loanJobs reportedForgivenShare forgiven
Construction128,575$70.4B$547.8K5,206,260$69.3B98.4%
Health care and social assistance117,538$64.0B$544.2K7,305,927$62.6B97.8%
Manufacturing101,059$63.0B$623.6K5,406,041$62.1B98.5%
Professional, scientific and technical services116,021$62.2B$536.0K4,301,425$60.0B96.5%
Accommodation and food services124,760$55.2B$442.1K7,790,865$53.0B96.1%
Retail trade63,496$33.1B$521.7K3,412,246$32.5B98.2%
Wholesale trade50,408$28.0B$555.7K2,319,826$27.5B98.3%
Administrative and waste services44,657$25.2B$565.3K2,911,278$24.4B96.8%
Other services57,879$24.7B$427.5K2,809,558$24.0B97.0%
Transportation and warehousing32,072$17.0B$530.1K1,634,257$16.1B94.7%
Educational services20,025$12.9B$643.3K1,432,632$12.6B98.0%
Real estate and rental23,525$12.1B$515.4K1,062,746$11.5B94.8%
Information16,368$9.7B$595.2K717,731$9.2B94.3%
Arts, entertainment and recreation16,916$8.2B$484.2K1,175,898$7.8B95.6%
Finance and insurance15,264$7.9B$515.8K585,379$7.2B91.8%
Agriculture, forestry, fishing and hunting13,374$6.0B$450.5K778,379$5.9B97.9%
Mining, oil and gas8,413$5.7B$682.4K362,576$5.5B96.0%
Not given6,628$2.4B$363.8K396,976$2.2B91.4%
Public administration2,966$1.7B$561.7K154,045$1.6B96.6%
Management of companies2,169$1.6B$723.1K146,516$1.5B93.7%
Utilities2,317$1.5B$638.0K98,324$1.4B96.9%
Unclassified4,090$1.3B$325.7K240,350$1.2B89.7%

Source: the Small Business Administration's PPP loan data, loans of $150,000 or more. Read Oct 20, 2026; the latest forgiveness in the file is dated Sep 30, 2024.

The top lenders

The 100 lenders that approved the most money.

LenderLoansAmountAverage loanJobs reportedForgivenShare forgiven
JPMorgan Chase Bank, National Association57,221$29.8B$520.5K3,660,487$28.2B94.8%
Bank of America, National Association40,259$20.4B$506.7K1,888,266$19.3B94.7%
PNC Bank, National Association20,527$13.4B$653.2K1,174,816$13.1B97.4%
Truist Bank20,954$12.4B$590.2K1,229,587$12.2B98.3%
Manufacturers and Traders Trust Company17,118$10.5B$615.6K981,613$10.4B98.6%
KeyBank National Association13,442$8.9B$658.9K782,364$8.5B96.3%
The Huntington National Bank14,212$8.5B$598.2K821,290$8.3B98.1%
BMO Bank National Association12,070$8.3B$689.9K736,466$8.1B97.1%
TD Bank, National Association15,396$8.2B$535.1K747,573$7.9B95.9%
Zions Bank, A Division of12,694$7.6B$597.0K694,485$7.3B96.4%
Wells Fargo Bank, National Association15,459$6.6B$423.9K629,054$6.1B93.5%
U.S. Bank, National Association12,494$6.1B$485.5K590,609$5.8B95.1%
Fifth Third Bank8,522$5.6B$656.4K514,191$5.4B97.0%
City National Bank7,442$5.1B$682.6K397,521$5.0B97.7%
Citizens Bank, National Association7,831$4.5B$574.8K434,981$4.4B97.4%
Regions Bank7,510$4.3B$570.9K442,847$4.1B96.5%
Comerica Bank5,186$4.3B$824.4K343,984$4.2B97.1%
Frost Bank6,321$3.6B$576.8K340,460$3.6B98.6%
Umpqua Bank6,489$3.4B$528.7K301,462$3.4B98.1%
Citibank, N.A.6,066$3.2B$529.9K253,204$3.1B95.4%
Pinnacle Bank6,146$3.2B$516.0K324,195$3.1B98.9%
First-Citizens Bank & Trust Company6,705$3.1B$462.0K305,505$3.1B99.0%
First Source Federal Credit Union4,946$3.1B$626.0K321,467$2.9B94.2%
Signature Bank4,391$3.1B$704.8K254,219$3.0B96.0%
Valley National Bank4,734$3.0B$638.0K280,434$3.0B97.9%
Cross River Bank8,823$3.0B$341.1K313,876$2.4B78.5%
First National Bank of Pennsylvania5,436$3.0B$552.6K302,228$2.9B98.1%
Synovus Bank5,487$2.9B$533.7K304,061$2.9B98.9%
First Horizon Bank4,816$2.7B$566.2K291,785$2.7B98.1%
Hancock Whitney Bank4,423$2.7B$602.7K251,816$2.6B99.0%
BOKF, National Association3,354$2.4B$729.1K210,538$2.4B99.0%
Northeast Bank5,268$2.3B$446.0K235,742$2.3B96.7%
CIBC Bank USA2,234$2.3B$1.0M190,547$2.3B98.2%
US Bank National Association3,966$2.3B$579.8K196,089$2.2B96.7%
East West Bank3,314$2.3B$682.7K209,238$2.2B95.3%
SouthState Bank, National Association5,130$2.2B$433.1K252,406$2.2B99.1%
Silicon Valley Bridge Bank NA2,971$2.2B$744.4K129,766$2.0B88.5%
Readycap Lending, LLC5,781$2.2B$379.1K226,328$2.0B93.0%
Fulton Bank, National Association3,707$2.2B$585.2K170,018$2.1B98.9%
Banc of California3,276$2.2B$659.1K187,480$2.1B95.2%
City National Bank of Florida3,451$2.2B$623.2K216,722$2.0B94.8%
Western Alliance Bank3,018$2.1B$712.0K190,779$2.1B97.6%
Cadence Bank3,555$2.0B$573.4K215,605$2.0B98.2%
Customers Bank5,206$2.0B$390.7K207,698$1.8B86.9%
Webster Bank National Association3,293$2.0B$599.8K191,433$1.9B98.4%
United Community Bank4,089$2.0B$479.2K202,652$2.0B100.0%
Atlantic Union Bank3,543$1.9B$543.2K179,421$1.9B96.9%
First Interstate Bank3,559$1.8B$515.5K187,949$1.8B100.1%
Eastern Bank3,272$1.8B$541.9K150,859$1.7B98.4%
UMB Bank, National Association2,099$1.7B$833.3K148,442$1.7B98.6%
Bremer Bank, National Association2,404$1.7B$722.5K173,706$1.7B98.6%
Live Oak Banking Company3,406$1.7B$498.9K182,418$1.7B98.2%
Harvest Small Business Finance, LLC2,869$1.7B$582.8K147,003$1.4B86.0%
First Financial Bank3,223$1.7B$512.5K168,791$1.6B98.9%
Old National Bank2,775$1.6B$587.5K154,566$1.6B99.7%
Commerce Bank2,096$1.6B$777.9K141,778$1.6B98.0%
IberiaBank, A Division of First Horizon Bank2,791$1.6B$577.9K160,217$1.6B98.7%
United Bank3,020$1.6B$527.1K148,653$1.5B96.4%
Prosperity Bank3,202$1.6B$495.0K146,088$1.6B99.3%
Celtic Bank Corporation4,597$1.6B$342.3K157,834$1.1B71.9%
Dime Community Bank2,634$1.6B$595.1K134,972$1.5B97.0%
Enterprise Bank & Trust2,583$1.6B$606.1K149,387$1.5B98.8%
First Merchants Bank2,637$1.5B$578.3K139,932$1.5B98.4%
Citizens Business Bank2,608$1.5B$571.8K141,152$1.5B99.0%
HSBC Bank USA, National Association1,991$1.5B$737.1K104,552$1.4B96.4%
Washington Trust Bank2,214$1.5B$661.7K128,747$1.5B99.0%
Itria Ventures LLC3,660$1.4B$395.1K154,683$1.4B94.4%
Simmons Bank2,668$1.4B$534.8K151,079$1.4B99.1%
First Midwest Bank, A Division of Old National Bank2,416$1.4B$588.0K118,012$1.4B98.0%
First Bank2,913$1.4B$478.0K138,651$1.4B99.7%
Newtek Small Business Finance, Inc.2,280$1.3B$579.7K118,345$1.2B89.0%
Wintrust Bank, National Association1,463$1.3B$882.4K113,183$1.3B98.4%
Sandy Spring Bank2,301$1.3B$557.4K116,018$1.3B97.5%
TowneBank2,525$1.3B$497.7K129,572$1.2B98.1%
Peoples Bank2,643$1.2B$470.5K137,384$1.2B99.4%
ServisFirst Bank2,215$1.2B$553.4K124,452$1.2B100.3%
FirstBank2,661$1.2B$454.5K113,485$1.2B98.1%
Banner Bank2,474$1.2B$487.1K113,668$1.2B98.1%
Glacier Bank2,676$1.2B$449.8K123,620$1.2B99.0%
Mechanics Bank2,439$1.2B$492.6K125,796$1.2B98.9%
MidFirst Bank2,135$1.2B$553.9K114,105$1.1B96.6%
Santander Bank, National Association2,185$1.2B$528.8K98,138$1.1B97.5%
Seacoast National Bank2,637$1.1B$432.6K122,410$1.1B98.8%
Stellar Bank2,428$1.1B$468.9K102,619$1.1B98.6%
First Hawaiian Bank2,005$1.1B$552.1K108,604$1.1B97.9%
Capital One, National Association2,179$1.1B$506.7K106,499$1.1B95.6%
Centennial Bank2,471$1.1B$444.2K120,439$1.1B99.3%
California Bank of Commerce, NA1,679$1.1B$643.8K88,391$1.1B98.5%
Ameris Bank2,281$1.0B$459.1K113,179$1.0B98.9%
Provident Bank1,794$1.0B$582.2K93,515$1.0B98.6%
Rockland Trust Company1,842$1.0B$566.2K94,598$1.0B99.7%
Heritage Bank1,980$1.0B$522.6K92,522$1.0B99.4%
Mid Penn Bank1,908$1.0B$541.5K99,492$1.0B97.4%
Arvest Bank2,002$1.0B$511.7K110,785$1.0B100.0%
Pacific Premier Bank1,532$1.0B$666.0K102,283$1.0B98.6%
Renasant Bank1,731$1.0B$586.1K103,834$1.0B98.6%
Associated Bank, National Association1,561$1.0B$645.7K95,627$981.7M97.4%
Busey Bank1,762$957.2M$543.2K90,843$959.8M100.3%
BankUnited, National Association1,564$955.6M$611.0K100,451$928.8M97.2%
Banco Popular de Puerto Rico1,840$934.4M$507.8K173,756$929.0M99.4%

Source: the Small Business Administration's PPP loan data, loans of $150,000 or more. Read Oct 20, 2026; the latest forgiveness in the file is dated Sep 30, 2024.

By kind of business and draw

Second-draw loans went to businesses that had used up a first loan and lost at least a quarter of their revenue.

DrawLoansAmountAverage loanJobs reportedForgivenShare forgiven
First draw (2020 and 2021)676,853$386.8B$571.4K37,891,651$374.4B96.8%
Second draw (2021)291,667$127.1B$435.9K12,357,584$124.9B98.2%
Kind of businessLoansAmountAverage loanJobs reportedForgivenShare forgiven
Corporation418,228$216.7B$518.0K20,255,819$211.3B97.5%
Limited Liability Company(LLC)261,497$130.1B$497.7K13,576,573$124.4B95.5%
Subchapter S Corporation174,794$95.6B$547.0K8,943,724$94.0B98.3%
Non-Profit Organization55,949$39.0B$697.8K4,433,132$38.2B97.9%
Partnership18,150$10.2B$559.4K932,451$9.9B97.4%
Limited Liability Partnership12,708$6.8B$536.4K621,564$6.7B98.5%
Sole Proprietorship12,242$5.0B$409.7K521,778$4.6B91.7%
Professional Association6,253$3.2B$515.5K329,113$3.2B99.1%
501(c)3 - Non Profit1,776$2.7B$1.5M244,063$2.6B98.5%
Cooperative2,433$1.6B$649.1K130,041$1.5B98.1%
Employee Stock Ownership Plan(ESOP)642$923.0M$1.4M65,701$900.5M97.6%
Not given713$533.8M$748.7K47,439$500.3M93.7%
Non-Profit Childcare Center900$428.5M$476.1K57,199$420.7M98.2%
501(c)6 - Non Profit Membership762$376.7M$494.3K23,874$373.0M99.0%

Source: the Small Business Administration's PPP loan data, loans of $150,000 or more. Read Oct 20, 2026; the latest forgiveness in the file is dated Sep 30, 2024.