Texas leads the country in most approved PPP loans

Texas leads the country with the most approvals for the U.S. Small Business Administration’s Paycheck Protection Program as of April 13, according to SBA data obtained by the Texas Bankers Association. 

Texas has approved 88,434 loans totaling $21.77 billion, as of April 13.

California followed behind Texas, having approved 54,922 PPP applications totaling $20.85 billion in loans, as of April 13. Florida ranked third, having approved 52,021 loans totaling $12.65 billion. 

Overall, the average loan size is about $239,152, according to the data.

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