Wisconsin Banker’s Association Releases Loan Breakdown for Paycheck Protection Programs
:quality(85)/cloudfront-us-east-1.images.arcpublishing.com/gray/RG6GIBFXE5HCHLMEODUOQFAWGQ.jpg)
MADISON, WMTV – Following the recent release by the Small Business Association and the Treasury of loan-by-loan information on the Paycheck Protection Program, the Wisconsin Bankers Association released its preliminary category analysis on Monday. in state loans of $ 150.00 and over.
According to the WBA, loans of $ 150,000 and over represent almost three-quarters of the dollar volume of PPP loans.
“The numbers show a truly impressive effort by Wisconsin banks on behalf of their customers,” said Rose Oswald Poels, president and CEO of the Wisconsin Bankers Association. “Bankers worked around the clock to process these requests in addition to providing the usual economic tools at their disposal to support their communities. “
Below is a breakdown of PPP loans spread across the state. This data follows the extension of the PPP application deadline until August 8.
Number of loans issued by category
| Loan Category | Number of loans issued |
|---|---|
| $ 150,000 – $ 350,000 | 6,804 |
| $ 350,000 – $ 1 million | 3,874 |
| $ 1 million – $ 2 million | 1,061 |
| $ 2 million – $ 5 million | 514 |
| $ 5 million – $ 10 million | 102 |
| Total | 12 355 |
The largest number of jobs retained were in the $ 350,000 to $ 1 million loan category, with 197,889 jobs retained. The number of jobs retained in the $ 150,000 – $ 350,000 category was 166,216. The total number of jobs retained was 619,619.
The city that received the most loans was Milwaukee, with 1,396 loans. Madison received 865 loans.
To download the SBA Paycheck program level data, click here.
To read the SBA Paycheck Protection Program Cycle Two Loan Report, click here.
Copyright 2020 WMTV. All rights reserved.