Zions Bank Did Our Part to Save Jobs
Numbers matter to a bank. Especially when those numbers represent all of the intrepid small businesses able to access to the Paycheck Protection Program and retain their employees amid challenging times. Here are some of the numbers behind our strong communities.[cite::8691::cite]
Ranked as the No. 9
bank in the U.S. for PPP approvals.
Preserved payrolls for more than 609,917 workers
based on applicant data.
More than 70% of the loans
were made to businesses with
fewer than 10 employees.
More than 82% of the loans
approved were for amounts less than $150,000.
60% of the loans approved
were for amounts less than $50,000. The median loan amount approvedwas $33,200.
Additionally, approximately 21% of the loans approved have been
for businesses that were not previously
Zions Bank customers.
27% of these loans were made
to businesses in majority
Minority census tracts.
26% of these loans were made
to businesses in low-to
moderate-income census tracts.