PPP Lending Dominates Commercial Loan Growth in March

Publisher: Automated Financial Systems, Inc. -- AFS

Access this content

Your content has been opened.

Please verify you are a human before downloading this content.

PPP Lending Dominates Commercial Loan Growth in March has been emailed to . Entered the wrong email?

Don't see the content in your inbox?
Make sure to check your spam and other messages folders.

Can't get to your email right now?

To complete your registration and access this content, enter the sign-in code sent to your email.

Please enter a valid verification code.

Code sent to:

Also, remember to check in your spam, promotions, and other folders.


Register to access this content


By accessing content on the Bank Systems & Technology Online Buyer's Guide you agree to our Terms of Service and Privacy Policy; and, you acknowledge that your information may be shared with the content publisher.

PPP Lending Dominates Commercial Loan Growth in March

Total commercial loan balances continued to expand in March on the strength of Paycheck Protection Program (PPP) lending. Excluding this loan type, C&I bilateral loan balances increased slightly this month, with growth limited to a handful of large industries such as Finance & Insurance. After spiking at the onset of the pandemic last March, commercial line of credit utilization trended downwards and has remained below the pre-pandemic level. Average pricing for floating-rate new and renewed C&I bilateral loans ticked up in March, reversing the trend of declining interest rates seen over the last several months.