Question

How many PPP loans were charged off?

643,039 of the 11,468,210 Paycheck Protection Program loans SBA approved, 5.6%, had been charged off as of September 30, 2024: loans approved for $18.2 billion, according to the SBA.

Data retrieved September 25, 2026

The figures behind this

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PPP loans charged off, by state, highest share first, as of September 30, 2024
State	Loans	Charged off	Share
Alabama	169,558	11,505	6.8%
Alaska	23,696	366	1.5%
Arizona	169,250	10,693	6.3%
Arkansas	102,038	5,122	5.0%
California	1,270,597	68,172	5.4%
Colorado	192,260	5,288	2.8%
Connecticut	117,891	3,897	3.3%
Delaware	27,732	1,940	7.0%
District of Columbia	29,519	2,062	7.0%
Florida	983,329	82,475	8.4%
Georgia	553,314	54,715	9.9%
Hawaii	44,567	846	1.9%
Idaho	52,391	887	1.7%
Illinois	620,004	62,508	10.1%
Indiana	186,164	11,591	6.2%
Iowa	171,720	2,424	1.4%
Kansas	126,401	2,064	1.6%
Kentucky	128,416	3,542	2.8%
Louisiana	217,322	16,526	7.6%
Maine	47,409	535	1.1%
Maryland	190,713	10,729	5.6%
Massachusetts	217,229	7,081	3.3%
Michigan	291,523	19,530	6.7%
Minnesota	225,360	5,712	2.5%
Mississippi	138,389	9,136	6.6%
Missouri	233,144	7,485	3.2%
Montana	47,066	330	0.7%
Nebraska	114,184	1,071	0.9%
Nevada	118,232	11,019	9.3%
New Hampshire	40,930	664	1.6%
New Jersey	302,438	14,294	4.7%
New Mexico	41,162	1,299	3.2%
New York	734,821	41,345	5.6%
North Carolina	258,991	14,488	5.6%
North Dakota	51,523	423	0.8%
Ohio	351,980	25,561	7.3%
Oklahoma	154,898	3,270	2.1%
Oregon	115,868	2,703	2.3%
Pennsylvania	342,421	16,318	4.8%
Rhode Island	33,804	1,370	4.1%
South Carolina	150,225	10,033	6.7%
South Dakota	64,078	330	0.5%
Tennessee	229,733	12,351	5.4%
Texas	938,525	54,710	5.8%
Utah	84,023	1,768	2.1%
Vermont	21,699	202	0.9%
Virginia	221,084	9,350	4.2%
Washington	195,227	4,838	2.5%
West Virginia	33,314	832	2.5%
Wisconsin	187,824	6,654	3.5%
Wyoming	25,657	383	1.5%

Where to go next

Sources

SBA Paycheck Protection Program (PPP) FOIA — loan-level data — U.S. Small Business Administration · Public domain — U.S. Government work · retrieved September 25, 2026

Compiled automatically from SBA Paycheck Protection Program (PPP) FOIA — loan-level data by a checked SQL query · Editor: Kian O'Connor · How this site is built