How much have banks made from SBA PPP? About $17 billion by June 2020
4 min readJun 21, 2020
In April 2020, NPR and others estimated banks made $10 billion in lender fees in the SBA PPP— as of 20 June 2020, I estimate that number is closer to $17 billion.
Lenders Are Taking Their Cut
Small businesses aren’t the only ones benefiting from the Small Business Administration Paycheck Protection…
