• Create and Learn

Third of PPP Loans Were Over $1 Million



This article is published in collaboration with Statista

by Willem Roper


The U.S. Small Business Administration has released preliminary data on the usage of their $650 billion Paycheck Protection Program for small businesses across the country. The data shows that over a third of all loans taken out by small businesses were for over $1 million, with many going to business and financial service firms rather than other industries hit hard by COVID-19 like hospitality, food and transportation.


The data also shows how many small businesses most in need have failed to receive a large amount of money allocated by the PPP. According to the Wall Street Journal, only 4.6 million loans have been approved, contrasted with a total 31 million small businesses in the U.S.


Some analysts say that while PPP loans have helped create a healthier economy and unemployment rate in the short term, they may simply be hiding longer-term economic problems. It’s currently too early to tell how PPP has affected businesses when re-hiring employees.


By location, much of the loan amounts went to small businesses in the Midwest, with smaller, disproportionate amounts going to the West and East Coast of the U.S.


Start learning Data Science and Business Intelligence tools:


#createandlearn#analytics#dashboard#finance#accounting#tableau#powerbi#excel#sales#datascience#businessintelligence

Power BI Academy: HR Recruitment

Create a complete dashboard for Human Resources. Bonus: 10 Templates

Excel Easy: Dashboards

Made Simple

Few pages, quick steps, and professional dashboards

Power BI – Business Intelligence Clinic

One dataset multiple solutions. Start your journey into the Business Intelligence world with this book.

Power BI 2019.jpg

Tableau – Business Intelligence Clinic

One dataset multiple solutions. Start your journey into the Business Intelligence world with this book.

Tableau ebook 2019.jpg

Power BI, Excel and Tableau – BI Clinic

Learn how to create Dashboard using Power BI, Excel and Tableau.

BI Clinic Complete Single cover.jpg

Excel – Business Intelligence Clinic

One dataset multiple solutions. Start your journey into the Business Intelligence world with this book.

Excel BI ebook 2019.jpg

For any inquiries, please contact us:

© Brain Words