In his weekly Forbes column Ron Shevlin analyzes the loan data for the Paycheck Protection Program that was released by the SBA earlier this month; the most interesting part of the analysis was on what he calls loan performance aggregated by industry; he looked at number of jobs retained and the dollars per retained job; not surprisingly loans to hotel/food services companies performed best retaining 121 jobs per $1 million in loans or $8,273 per job; at the other end of the spectrum, loans to companies in the utilities, mining, professional services, and finance and insurance industries were the lowest performers, retaining just 51 jobs per $1 million or $19,000 per job; he also looked at loan performance by business type with non-profits performing best there and loan performance by financial institution with credit unions providing the best performance albeit with a very small piece of the total pie. Forbes.
