MDIs: PPP Lending Insights

cover page for Minority Depository Institutions Paycheck Protection Program (PPP) Lending InsightsMinority Depository Institutions: Paycheck Protection Program (PPP) Lending Insights

National Bankers Association Foundation

First published August 2023

In response to the COVID-19 pandemic, Congress created the Paycheck Protection Program (PPP) to stabilize businesses and their workers. Minority depository institutions (MDIs) – mission-driven lenders that serve marginalized communities – played a vital role in supporting small businesses through PPP lending. In this report, we document how MDIs outperformed non-MDI lenders in deploying PPP loans and loan dollars to minority and low-income communities.

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