Nearly 800 financial institutions dispersed 89,615 Paycheck Protection Program loans to Wisconsin businesses for a combined total of approximately $9.9 billion, according to U.S. Small Business Administration data made public earlier this month.
BizTimes created a list of the top 50 financial institutions who dispersed the most PPP loans based on dollar amount, a metric which had not been made available to the public until Dec. 2.
The SBA data does not distinguish between unrelated financial institutions with the same name. As a result, BizTimes removed Peoples State Bank and Citizens Bank from this list of the top 50 lenders by PPP loan total. The SBA data includes 1,043 loans for $141.95 million by Peoples State Bank and 583 loans for $46.95 million by Citizens Bank without detailing which bank by that name made the loan.
Wisconsin ranked 19th in terms of PPP dollars dispersed out of all U.S. states and territories, according to the SBA. The data SBA provided is based on loan metrics collected as of Nov. 22.
Click here for a list of the top 100 Wisconsin PPP loan recipients.