2/3 of PPP Loans Were $50,000 or Less
Although two thirds of PPP loans were for $50,000 or less, the total amount of dollars loaned in this smallest of increments was only approximately $57 billion – just over 11 percent of the total 521 billion paid out thru June 30.
27 percent of loans were between $50,000 and $350,000 – and received $168 billion. Million-dollar plus loans, less than two percent of all loans, received a total of $181 billion.
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