PPP Lending Dominates Commercial Loan Growth in March

A free white paper by Automated Financial Systems, Inc. -- AFS

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.

Sign up to download PPP Lending Dominates Commercial Loan Growth in March

When you register to become a member, you gain access to white papers and the ability to reach out to companies directly. As part of your membership, we’ll keep you up-to-date on current news, research and analysis with our Business Chatter Weekly e-Newsletter.