Delaware no longer at bottom in Payroll Protection Act loan volume

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Delaware is no longer ranked at the bottom when it comes to the volume of Payroll Protection Program loans.

In earlier rounds of the program, the First State had ranked at the bottom, despite its higher population figure.

Still,   businesses and other organizations in lightly populated states have secured proceeds  from the program, which recently ran out of funds. 

For example, lightly populated Montana, North Dakota and South Dakota saw higher loan volumes than Delaware.

The PPP loans can be forgiven if proceeds are used to retain employees. The Small Business Administration program uses financial institutions to process the loans.

The fintech site Womply is calling for more funding for the program.

Womply stated that it has facilitated more loans to minority-owned businesses, and businesses in low- and middle-income areas than any company in 2020 and 2021 combined

Below is an SBA  listing of states of loan numbers and totals for states, territories   and the District of Columbia. Highlighted are states with comparable populations to Delaware.

State

Number

Dollars

AK

11,160

$726,476,352

AL

87,116

$2,978,371,671

AR

52,347

$1,584,894,830

AS

26

$671,134

AZ

74,458

$3,608,338,012

CA

582,379

$33,734,521,003

CO

79,200

$4,584,838,875

CT

51,034

$3,152,931,355

DC

14,178

$1,118,564,899

DELAWARE

12,796

$702,634,788

FL

494,843

$17,337,614,570

GA

322,856

$9,408,828,557

GU

1,315

$100,154,777

HI

18,681

$1,335,096,333

IA

107,986

$2,896,697,765

ID

20,374

$889,459,864

IL

375,722

$14,188,547,035

IN

95,317

$4,169,443,830

KS

71,452

$2,329,645,085

KY

74,538

$2,475,888,666

State

Loan Count

 Dollars

LA

118,365

$4,412,367,268

MA

93,782

$6,685,307,721

MD

93,608

$4,781,586,765

ME

18,513

$977,416,527

MI

150,751

$7,928,102,197

MN

117,622

$5,205,483,281

MO

129,675

$4,401,276,173

MP

439

$25,213,416

MS

75,185

$1,981,701,876

MT

22,260

$799,275,406

NC

115,253

$5,199,337,694

ND

30,255

$1,091,813,261

NE

68,013

$1,863,864,502

NH

15,855

$1,132,806,276

NJ

134,362

$8,034,409,797

NM

17,059

$1,094,686,957

NV

63,130

$2,485,832,160

NY

357,556

$21,487,018,505

OH

183,600

$8,409,125,168

OK

84,744

$2,829,913,943

State

Loan Count

Dollars

OR

47,244

$2,969,224,092

PA

152,597

$9,425,966,758

PR

25,909

$877,077,234

RI

15,888

$975,567,769

SC

71,133

$2,733,831,148

SD

39,909

$1,030,109,790

TN

117,898

$4,192,112,345

TX

466,880

$20,645,770,559

UT

30,503

$1,793,520,719

VA

97,846

$5,277,120,237

VI

1,085

$70,962,636

VT

8,914

$550,002,436

WA

82,227

$5,719,028,100

WI

93,981

$4,238,529,631

WV

14,666

$784,586,872

WY

11,863

$587,840,926

To be confirmed

2

$16,58

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