Forgiveness Platform Lender Submission Metrics (Data as of October 23) — 2020 PPP Loan Population
Summary
Forgiveness Platform Lender Submission Metrics report dated October 26, 2022, with data as of October 23, 11:59 PM ET, for PPP loans. For all PPP loans it counts 11,338,996 loans worth $785,773,859,100, 10,535,937 forgiveness applications requesting $755,828,913,435 and 10,493,484 payments totaling $755,714,750,900. The report states that 93% of all PPP loans have submitted forgiveness applications and 93% have been fully or partially forgiven, that 96% of total loan value has been forgiven, and that 4,693 lenders have requested forgiveness. For 2020 loans, 98% have applied and 98% of loan value has been forgiven (4,634 lenders); for 2021 loans, 89% have applied and 93% of loan value has been forgiven (4,502 lenders). Each section breaks submissions down by loan size, from loans of $50,000 or less to $2,000,000 or more.
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“Forgiveness Platform Lender Submission Metrics (Data as of October 23) — 2020 PPP Loan Population.”
Original at www.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/loan-forgiveness/
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Forgiveness Platform Lender Submission Metrics | October 23
Data as of October 23, 11:59 PM ET
Summary
Total PPP Loan Population Forgiveness Requests To Date Payments To Date
Total Forgiveness Amount
Count of Loans Total Loan Value Count of Applications Count of Payments Total Forgiveness Paid
Requested
10,535,937 $755,828,913,435 10,493,484 $755,714,750,900
11,338,996 $785,773,859,100 93% of all PPP loans have Forgiveness has been requested
93% of all PPP loans have been 96% of the total PPP loan value has
submitted forgiveness for 96% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,693 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,156 >= $2,000,000 $113,538
97.8% 99.7%
34,375 $113,921
$150,000-$1,999,999 923,076 $150,000-$1,999,999 $380,636
98.3%
907,783 $383,216
99.3%
$50,001-$149,999 1,503,362 98.9% $50,001-$149,999 $128,781
$129,699 99.3%
1,486,657
<= $50,000 8,877,402 <= $50,000 $132,874 98.6%
8,107,122 $134,775
91.3%
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 $- $100,000 $200,000 $300,000 $400,000
% Submitted Total Loans Submissions Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
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
Total Forgiveness Amount
Count of Loans Total Loan Value Count of Applications Count of Payments Total Forgiveness Paid
Requested
4,933,376 $503,114,729,037 4,912,415 $503,965,541,361
5,035,017 $516,071,297,982 98% of 2020 PPP loans have Forgiveness has been requested 98% of the total 2020 PPP loan
98% of 2020 PPP loans have
submitted forgiveness for 97% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,634 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,743
28,109 97.8% >= $2,000,000 $98,924
$99,279 99.6%
$150,000-$1,999,999 621,927
616,842 99.2% $150,000-$1,999,999 $262,985
$265,119
99.2%
$50,001-$149,999 961,449
956,409 99.5% $50,001-$149,999 $82,085
$82,866 99.1%
97.3%
<= $50,000 3,422,898
3,332,016 <= $50,000 $59,120
$60,724 97.4%
0 1,000,000 2,000,000 3,000,000 4,000,000
$- $100,000 $200,000 $300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M) Millions
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
Total Forgiveness Amount
Count of Loans Total Loan Value Count of Applications Count of Payments Total Forgiveness Paid
Requested
5,602,561 $252,714,184,398 5,581,069 251,749,209,539
6,303,979 269,702,561,118 89% of 2021 PPP loans have Forgiveness has been requested 93% of the total 2021 PPP loan
89% of 2021 PPP loans have
submitted forgiveness for 94% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,502 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,413 >= $2,000,000 $14,613
97.7% $14,642 99.8%
6,266
$150,000-$1,999,999 $117,651
$150,000-$1,999,999 301,149 96.6% $118,097
290,941
99.6%
$50,001-$149,999 $46,696
$50,001-$149,999 541,913 $46,834 99.7%
530,248 97.8%
<= $50,000 $73,753
$74,052 99.6%
<= $50,000 5,454,504
4,775,106
87.5%
$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
October 26, 2022
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