The SBA and the U.S. Treasury Department announced the release of detailed loan-level data regarding each of the nearly 4.9 million Paycheck Protection loans made through June 30.
In addition to specific loan details, the report indicates that credit unions accounted for the origination of over 196,000 PPP loans and 934 credit union lenders generated loans totaling $9.7 billion.
Total PPP loans, including those generated by all financial institutions, including credit unions, banks and other lending entities, numbered more than 4.8 million, with over 5,400 lenders participating in the program through June 30, the report stated. The average loan size is approximately $100,000, according to a joint SBA and Treasury press release.
The SBA report details loan-level data, NAICS codes, zip codes, business type, demographic data, nonprofit information, name of lender, jobs supported and loan amount ranges for all loans. Business names and addresses are included for companies with loans between $150,000 and $10 million. The SBA said it does not intend to release business names and addresses of companies with loans under $150,000.
The full SBA report can be accessed on the U.S. Treasury website. The application deadline for the PPP has been extended to August 8, following approval by both houses of Congress last week. President Donald Trump signed the bill extending the PPP on July 4.
More information about the PPP can be found on the New York Credit Union Association’s SBA/PPP resource page.