Forgiveness Platform Lender Submission Metrics, Data as of September 19 (SBA file date: 2021-09-20)
Summary
The SBA's lender submission metrics for the Forgiveness Platform, dated September 20, 2021, report data through September 19. Across all PPP loans, 61% have had forgiveness requested and 59% have been fully or partially forgiven, covering 68% of total loan value. For 2020 loans the request rate is 89%, against 38% for 2021 loans. Lender counts are 4,834 for PPP loans overall, 4,780 for 2020 loans and 4,547 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of September 19 (SBA file date: 2021-09-20).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-0ed7e27210/
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Forgiveness Platform Lender Submission Metrics | September 19
Data as of September 19, 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
7,015,278 $561,528,401,799 6,769,608 $542,330,540,935
11,494,655 $792,715,562,828 61% of all PPP loans have Forgiveness has been requested
59% of all PPP loans have been 68% of the total PPP loan value has
submitted forgiveness for 71% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,834 lenders have requested forgiveness for PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,331 >= $2,000,000 $97,058
27,918 79.0% $97,662 99.4%
$150,000-$1,999,999 932,818 $150,000-$1,999,999 $280,279
655,132 70.2%
$282,384
99.3%
$50,001-$149,999 1,514,330 73.7% $50,001-$149,999 $96,404
1,116,141 99.2%
$97,133
<= $50,000 9,012,176 <= $50,000 $87,789
5,216,087 98.6%
57.9% $89,022
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
$- $100,000,000,000 $200,000,000,000 $300,000,000,000
% Submitted Total Loans Submissions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 20, 2021
Forgiveness Platform Lender Submission Metrics | September 19
Data as of September 19, 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
4,588,826 $480,412,034,988 4,535,476 $468,796,484,914
5,135,285 $521,486,649,644 89% of 2020 PPP loans have Forgiveness has been requested 90% of the total 2020 PPP loan
88% 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
4,780 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,912 92.6% >= $2,000,000 94,545
26,780 99.4%
95,149
$150,000-$1,999,999 630,269 92.7% $150,000-$1,999,999 251,772
584,339 253,849
99.2%
$50,001-$149,999 970,599 94.5% $50,001-$149,999 78,913
916,985 79,631 99.1%
<= $50,000 3,505,505 <= $50,000 55,182 97.9%
3,060,722 56,360
87.3%
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 20, 2021
Forgiveness Platform Lender Submission Metrics | September 19
Data as of September 19, 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
2,426,452 $81,116,366,811 2,234,132 $73,534,056,021
6,359,370 $271,228,913,184 38% of 2021 PPP loans have Forgiveness has been requested 27% of the total 2021 PPP loan
35% of 2021 PPP loans have
submitted forgiveness for 30% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,547 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,419 >= $2,000,000 2,512
1,138 17.7% 100%
2,513
$150,000-$1,999,999 302,549 $150,000-$1,999,999 28,506
23.4% 28,535 99.9%
70,793
$50,001-$149,999 543,731 $50,001-$149,999 17,491
36.6% 17,502 99.9%
199,156
<= $50,000 32,607 99.8%
<= $50,000 5,506,671 32,662
2,155,365
39.1%
10,000 20,000 30,000 40,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 20, 2021
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