Given the speed at which the initial disbursements were made, the following statistics help understand the magnitude of the coverage and total funding achieved.
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Interesting statistics from first round of SBA PPP loans
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The overall average loan size was $206K. Most favored industries included: Construction, Professional/Scientific/Technical Services, Manufacturing, Health Care and Social Assistance. Though the majority of contract and self-employed individuals seeking PPP loans were not included in these calculations. Loan Count: 1,661,367 (accounts for only about 6% of America's small businesses; 74% of these were made for less than $150,000). Net Approved Dollars: $342,277,999,103 (do not reflect the amount required for reimbursement to lenders per statute within CARES Act). Lender Count: 4,975. While the top six states - California, Texas, New York, Florida, Illinois and Pennsylvania - make up only 12% of the U.S. population, they received over 38% of all PPP loan funds.
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