Court filing
Exhibit 29 - SBA Forgiveness Platform Lender Submission Metrics — Marshall v. Prestamos CDFI, LLC (Dkt. 139-30, E.D. Pa. No. 5:21-cv-04337)
Summary
Exhibit 29, Document 139-30, filed September 6, 2024 in Marshall v. Prestamos CDFI, LLC, No. 5:21-cv-04337-JMG, in the United States District Court for the Eastern District of Pennsylvania. It is titled SBA Forgiveness Platform Lender Submission Metrics, with data as of October 23 and a date of October 26, 2022. For the total PPP loan population it lists 11,338,996 loans with a total loan value of $785,773,859,100, and states that 4,693 lenders have requested forgiveness for all PPP loans. It states that 93% of all PPP loans have submitted forgiveness applications. Separate pages break the figures out for the 2020 PPP loan population (5,035,017 loans) and the 2021 PPP loan population (6,303,979 loans).
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Filed September 6, 2024 in Marshall v. Prestamos CDFI, LLC; one of 373 filings from this case.
Record facts
| Court | U.S. District Court for the Eastern District of Pennsylvania |
|---|---|
| Filed | 2024-09-06 |
Cite this document
“Exhibit 29 - SBA Forgiveness Platform Lender Submission Metrics — Marshall v. Prestamos CDFI, LLC (Dkt. 139-30, E.D. Pa. No. 5:21-cv-04337).”
U.S. District Court for the Eastern District of Pennsylvania, No. 5:21-cv-04337-JMG, Doc. 139-30, filed 2024-09-06. Archived at Pandemic Darlings, https://pandemicdarlings.com/court-filings/full-docket-marshall-prestamos-paed-589575/2024-09-06-gov-uscourts-paed-589575-139-30-gov-uscourts-paed-589575-139-30/
, SHA-256 42fed40b23530cb3658f3db7525be2ebe25c2f5d135a2846c6e3d490ea30d98e.Full text
EX. 29 -- SBA FORGIVENESS PLATFORM LENDER SUBMISSION METRICS Case 5:21-cv-04337-JMG Document 139-30 Filed 09/06/24 Page 1 of 4 Forgiveness Platform Lender Submission Metrics | October 23 Data as of October 23, 11:59 PM ET Summary 4,693 lenders have requested forgiveness for all PPP loans $134,775 $129,699 $383,216 $113,921 $132,874 $128,781 $380,636 $113,538 $- $100,000 $200,000 $300,000 $400,000 <= $50,000 $50,001-$149,999 $150,000-$1,999,999 >= $2,000,000 Millions Value of Submissions, by Dollar Amount % of Loan Value Forgiven Submission Value ($M) Loan Value ($M) 8,107,122 1,486,657 907,783 34,375 8,877,402 1,503,362 923,076 35,156 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 <= $50,000 $50,001-$149,999 $150,000-$1,999,999 >= $2,000,000 Number of Submissions, by Loan Amount % Submitted Total Loans Submissions October 26, 2022 Total PPP Loan Population Forgiveness Requests To Date Payments To Date Count of Loans Total Loan Value Count of Applications Total Forgiveness Amount Requested Count of Payments Total Forgiveness Paid 11,338,996 $785,773,859,100 10,535,937 $755,828,913,435 10,493,484 $755,714,750,900 93% of all PPP loans have submitted forgiveness applications Forgiveness has been requested for 96% of the total loan value of all PPP loans 93% of all PPP loans have been fully or partially forgiven 96% of the total PPP loan value has been forgiven, in full or in part 97.8% 98.3% 98.9% 91.3% 99.7% 99.3% 99.3% 98.6% Case 5:21-cv-04337-JMG Document 139-30 Filed 09/06/24 Page 2 of 4 $60,724 $82,866 $265,119 $99,279 $59,120 $82,085 $262,985 $98,924 $- $100,000 $200,000 $300,000 <= $50,000 $50,001-$149,999 $150,000-$1,999,999 >= $2,000,000 Millions Value of Submissions, by Dollar Amount % of Loan Value Forgiven Submission Value ($M) Loan Value ($M) 3,332,016 956,409 616,842 28,109 3,422,898 961,449 621,927 28,743 0 1,000,000 2,000,000 3,000,000 4,000,000 <= $50,000 $50,001-$149,999 $150,000-$1,999,999 >= $2,000,000 Number of Submissions, by Loan Amount % Submitted Total Loans Submissions October 26, 2022 Forgiveness Platform Lender Submission Metrics | October 23 Data as of October 23, 11:59 PM ET 2020 PPP Loan Population 2020 PPP Loan Population Forgiveness Requests To Date Payments To Date Count of Loans Total Loan Value Count of Applications Total Forgiveness Amount Requested Count of Payments Total Forgiveness Paid 5,035,017 $516,071,297,982 4,933,376 $503,114,729,037 4,912,415 $503,965,541,361 98% of 2020 PPP loans have submitted forgiveness applications Forgiveness has been requested for 97% of the total loan value of 2020 PPP loans 98% of 2020 PPP loans have been fully or partially forgiven 98% of the total 2020 PPP loan value has been forgiven, in full or in part 4,634 lenders have requested forgiveness for 2020 PPP loans 97.8% 99.2% 99.5% 97.3% 99.6% 99.2% 99.1% 97.4% Case 5:21-cv-04337-JMG Document 139-30 Filed 09/06/24 Page 3 of 4 $74,052 $46,834 $118,097 $14,642 $73,753 $46,696 $117,651 $14,613 $- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 <= $50,000 $50,001-$149,999 $150,000-$1,999,999 >= $2,000,000 Millions Value of Submissions, by Dollar Amount % of Loan Value Forgiven Submission Value ($M) Loan Value ($M) 4,775,106 530,248 290,941 6,266 5,454,504 541,913 301,149 6,413 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 <= $50,000 $50,001-$149,999 $150,000-$1,999,999 >= $2,000,000 Number of Submissions, by Loan Amount % Submitted Total Loans Submissions October 26, 2022 Forgiveness Platform Lender Submission Metrics | October 23 Data as of October 23, 11:59 PM ET 2021 PPP Loan Population 2021 PPP Loan Population Forgiveness Requests To Date Payments To Date Count of Loans Total Loan Value Count of Applications Total Forgiveness Amount Requested Count of Payments Total Forgiveness Paid 6,303,979 269,702,561,118 5,602,561 $252,714,184,398 5,581,069 251,749,209,539 89% of 2021 PPP loans have submitted forgiveness applications Forgiveness has been requested for 94% of the total loan value of 2021 PPP loans 89% of 2021 PPP loans have been fully or partially forgiven 93% of the total 2021 PPP loan value has been forgiven, in full or in part 4,502 lenders have requested forgiveness for 2021 PPP loans 87.5% 97.8% 96.6% 97.7% 99.6% 99.8% 99.6% 99.7% Case 5:21-cv-04337-JMG Document 139-30 Filed 09/06/24 Page 4 of 4
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