PPP forgiveness platform lender submission metrics reports
Summary
A Forgiveness Platform Lender Submission Metrics report with data as of September 26 at 11:59 PM ET, dated September 27, 2021, summarizing PPP loan forgiveness requests and payments. Of 11,493,003 PPP loans worth $792,740,938,011, forgiveness had been requested for 7,275,257 loans ($572,806,491,655) and paid on 7,022,242 loans ($553,327,222,904), so 63% of loans and 72% of loan value had submitted applications and 61% of loans and 70% of value had been forgiven in full or in part. For 2020 loans, forgiveness was requested on 4,622,125 of 5,135,198 loans (90%) and paid on 4,571,752 ($471,984,194,801; 89% of loans forgiven); for 2021 loans, it was requested on 2,653,132 of 6,357,805 loans (42%) and paid on 2,450,490 ($81,343,028,104; 39% of loans and 30% of loan value forgiven). Each section breaks submissions down by loan size band from $2,000,000 and above to $50,000 and below.
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Forgiveness Platform Lender Submission Metrics | September 26
Data as of September 26, 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
7,275,257 $572,806,491,655 7,022,242 $553,327,222,904
11,493,003 $792,740,938,011 63% of all PPP loans have Forgiveness has been requested
61% of all PPP loans have been 70% of the total PPP loan value has
submitted forgiveness for 72% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,833 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,341 >= $2,000,000 $98,107
28,287 80.0% $98,732 99.4%
$150,000-$1,999,999 932,801 $150,000-$1,999,999 $284,796
666,720 71.5% 99.2%
$286,965
$50,001-$149,999 1,514,330 75.4% $50,001-$149,999 $98,576
1,141,112 99.2%
$99,327
<= $50,000 9,010,531 <= $50,000 $91,328 98.6%
5,439,138
60.4% $92,592
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
$- $100,000,000,000 $200,000,000,000 $300,000,000,000 $400,000,000,000
% Submitted Total Loans Submissions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 27, 2021
Forgiveness Platform Lender Submission Metrics | September 26
Data as of September 26, 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
4,622,125 $483,275,653,368 4,571,752 $471,984,194,801
5,135,198 $521,535,184,607 90% of 2020 PPP loans have Forgiveness has been requested 91% of the total 2020 PPP loan
89% of 2020 PPP loans have
submitted forgiveness for 92% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,777 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,921 93.4% >= $2,000,000 95,268
27,008 99.3%
95,893
$150,000-$1,999,999 630,249 93.3% $150,000-$1,999,999 253,191
588,085 255,329
99.2%
$50,001-$149,999 970,589 94.9% $50,001-$149,999 79,249
921,092 79,988 99.1%
88.0%
<= $50,000 3,505,439 <= $50,000 55,568 97.9%
3,085,940 56,772
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 27, 2021
Forgiveness Platform Lender Submission Metrics | September 26
Data as of September 26, 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
2,653,132 $89,530,838,287 2,450,490 $81,343,028,104
6,357,805 $271,205,753,405 42% of 2021 PPP loans have Forgiveness has been requested 30% of the total 2021 PPP loan
39% of 2021 PPP loans have
submitted forgiveness for 33% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,556 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,420 >= $2,000,000 2,839
1,279 19.9% 100%
2,839
$150,000-$1,999,999 302,552 $150,000-$1,999,999 31,605
26.0% 31,636 99.9%
78,635
$50,001-$149,999 543,741 $50,001-$149,999 19,327
40.5% 19,339 99.9%
220,020
<= $50,000 35,760 99.8%
<= $50,000 5,505,092 35,821
2,353,198
42.7%
10,000 20,000 30,000 40,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 27, 2021
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