ITRIA VENTURES
PPP Lender · 172,831 loans · $4.87B total · 53 states served
ITRIA VENTURES was one of the thousands of SBA-approved lenders that participated in the Paycheck Protection Program. During the program period (April 2020 – May 2021), the lender originated 172,831 PPP loans totaling $4.87B, representing approximately 1.51% of all loans nationwide.
ITRIA VENTURES served borrowers across 53 states. The largest concentration of activity was in Florida, where the lender originated 21,579 loans totaling $517.4M. Other states with significant activity included Illinois, Georgia, California.
The average loan size for this lender was $28,161. This figure reflects the mix of borrower types — large companies, small businesses, sole proprietors, and non-profits — that applied through this institution. Lenders were responsible for collecting and verifying borrower certifications and submitting loan applications to the SBA's E-Tran system.
Among the largest named borrowers that received loans through ITRIA VENTURES were: MOMENTUM FOR MENTALL HEALTH (CA) — $7,852,005; FACTORY OS INC. (CA) — $5,998,780; MILKEN COMMUNITY SCHOOL (CA) — $3,504,395; and GALESBURG HOSPITAL CORPORATION (IL) — $3,428,400.
PPP lenders were compensated through processing fees paid by the SBA rather than by borrowers. Fees ranged from 1% to 5% of the loan amount depending on loan size. Lenders were not required to take credit risk — the SBA provided a 100% guaranty on each loan. This structure incentivized broad participation but also contributed to documented cases of lender fraud and over-processing of applications.
Borrower names for loans under $150,000 are withheld under FOIA Exemption 6. As a result, the named recipients shown below represent only a fraction of this lender's total portfolio. The full loan count and amount figures include all loans in the SBA's data regardless of disclosure status.
Activity by State
| State | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Florida | 21,579 | $517.4M | 86.9% |
| Illinois | 19,908 | $425.1M | 76.1% |
| Georgia | 18,253 | $520.1M | 88.6% |
| California | 16,032 | $589.1M | 93.3% |
| Texas | 15,366 | $369.7M | 88.0% |
| New York | 12,959 | $400.5M | 94.1% |
| Tennessee | 5,868 | $266.4M | 92.0% |
| Ohio | 4,518 | $114.2M | 85.1% |
| New Jersey | 4,085 | $138.7M | 92.8% |
| Louisiana | 3,917 | $72.2M | 88.0% |
| Mississippi | 3,765 | $114.5M | 90.6% |
| Alabama | 3,753 | $128.3M | 88.3% |
| North Carolina | 3,745 | $95.1M | 90.6% |
| Pennsylvania | 3,145 | $105.4M | 91.2% |
| Maryland | 3,014 | $88.4M | 91.2% |
| Michigan | 2,963 | $69.7M | 86.7% |
| Virginia | 2,886 | $73.2M | 93.5% |
| Washington | 2,693 | $69.8M | 95.4% |
| South Carolina | 2,601 | $61.8M | 91.9% |
| Nevada | 2,550 | $70.3M | 88.8% |
| Indiana | 2,431 | $51.9M | 83.9% |
| Arizona | 1,959 | $56.7M | 86.7% |
| Wisconsin | 1,597 | $47.3M | 82.5% |
| Colorado | 1,187 | $42.2M | 91.7% |
| Massachusetts | 1,173 | $42.9M | 91.0% |
| Missouri | 1,171 | $35.4M | 80.9% |
| Connecticut | 1,071 | $46.1M | 94.1% |
| Kentucky | 993 | $28.1M | 89.3% |
| Iowa | 980 | $19.6M | 88.9% |
| Oregon | 920 | $37.1M | 94.6% |
| Minnesota | 789 | $18.9M | 85.3% |
| Arkansas | 628 | $17.2M | 85.5% |
| Oklahoma | 627 | $17.9M | 88.8% |
| Kansas | 414 | $10.5M | 88.2% |
| District of Columbia | 387 | $13.3M | 88.1% |
| Delaware | 354 | $13.0M | 87.3% |
| Nebraska | 322 | $5.7M | 89.4% |
| Rhode Island | 279 | $9.2M | 92.1% |
| New Mexico | 244 | $9.6M | 92.6% |
| Idaho | 232 | $4.5M | 89.7% |
| Hawaii | 224 | $7.8M | 97.3% |
| Utah | 216 | $8.6M | 88.9% |
| New Hampshire | 157 | $4.8M | 93.0% |
| Wyoming | 146 | $6.6M | 89.7% |
| Montana | 142 | $5.4M | 95.8% |
| South Dakota | 125 | $3.3M | 96.8% |
| North Dakota | 125 | $3.3M | 91.2% |
| West Virginia | 114 | $2.3M | 93.0% |
| Alaska | 90 | $1.9M | 93.3% |
| Maine | 64 | $4.5M | 92.2% |
| Vermont | 31 | $693,101 | 93.5% |
| Puerto Rico | 31 | $582,618 | 93.5% |
| U.S. Virgin Islands | 8 | $133,772 | 87.5% |