Digging into the PPP Loan Data

In his weekly Forbes column Ron Shevlin analyzes the loan data for the Paycheck Protection Program that was released by the SBA earlier this month; the most interesting part of the analysis was on what he calls loan performance aggregated by industry; he looked at number of jobs retained and the dollars per retained job; not surprisingly loans to hotel/food services companies performed best retaining 121 jobs per $1 million in loans or $8,273 per job; at the other end of the spectrum, loans to companies in the utilities, mining, professional services, and finance and insurance industries were the lowest performers, retaining just 51 jobs per $1 million or $19,000 per job; he also looked at loan performance by business type with non-profits performing best there and loan performance by financial institution with credit unions providing the best performance albeit with a very small piece of the total pie. Forbes.

Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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