The Small Business Administration breaks out loans greater than $1 million into three buckets. Loans of all three types overwhelmingly were approved during the first month of the PPP program.

Some small businesses that received loans from the government's Paycheck Protection Program during the COVID pandemic were eligible for loan forgiveness, but they decided to repay the money anyway.

Most Paycheck Protection Program loans have been forgiven despite billions of dollars going to undeserving recipients. But some companies are voluntarily paying back their loans.