Many industries have suffered severe financial losses due to the coronavirus lockdown – perhaps none more so than the restaurant industry. Lendio recently gathered statistics on the $8 billion in PPP loan approvals that we helped facilitate for 100,000 small businesses. We found that of all industries we helped generate loans for, the restaurant industry ranked third in volume (behind construction and healthcare) at just over $150 million. The restaurant industry also ranked first in jobs saved due to a PPP loan facilitated by Lendio, with approximately 31,500 jobs saved.
This infographic further illustrates the industry breakdown, as well as overall loan volume and size by region and state.