750,000 loans of $150,000 would use about $112 billion in funds -- less than 1/3rd of the allocated amount. But if, as you stated, the average loan was only $51,000, then these smaller loans comprised a much smaller piece of the total.

The way the statistics are presented is purposefully designed to obfuscate the fact that the vast majority of funds went to large businesses while small ones were very often shut out.