Forgiveness Platform Lender Submission Metrics, Data as of December 19 (SBA file date: 2021-12-19)
Summary
Dated December 20, 2021, with data as of December 19, this report shows forgiveness requests reaching 80% of all PPP loans, and 79% fully or partially forgiven. The forgiven share of total loan value is 83%. Split by vintage, 95% of 2020 loans have requests, compared with 69% of 2021 loans; 60% of 2021 loan value has been forgiven in full or in part. Lenders that have requested forgiveness number 4,788 overall, 4,730 for 2020 loans and 4,577 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of December 19 (SBA file date: 2021-12-19).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-11eef15326/
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Forgiveness Platform Lender Submission Metrics | December 19
Data as of December 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
9,190,319 $668,204,966,626 9,015,985 $653,038,613,899
11,452,382 $791,242,381,400 80% of all PPP loans have Forgiveness has been requested
79% of all PPP loans have been 83% of the total PPP loan value has
submitted forgiveness for 84% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,788 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,315 >= $2,000,000 $105,582
31,092 88.0% $106,238 99.4%
$150,000-$1,999,999 931,264 $150,000-$1,999,999 $329,753
779,228 83.7% 99.2%
$332,270
$50,001-$149,999 1,512,981 88.9% $50,001-$149,999 $116,418
1,345,518 99.3%
$117,285
<= $50,000 8,972,822 <= $50,000 $116,452 98.7%
7,034,481
78.4% $118,042
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)
December 20, 2021
Forgiveness Platform Lender Submission Metrics | December 19
Data as of December 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
4,842,342 $497,919,290,211 4,780,628 $490,579,781,656
5,124,653 $520,557,872,912 95% of 2020 PPP loans have Forgiveness has been requested 94% of the total 2020 PPP loan
93% of 2020 PPP loans have
submitted forgiveness for 96% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,730 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,891 96.3% >= $2,000,000 98,030
27,808 99.3%
98,681
$150,000-$1,999,999 628,691 96.8% $150,000-$1,999,999 260,335
608,312 262,743
99.1%
$50,001-$149,999 969,168 97.8% $50,001-$149,999 81,415
947,850 82,245 99.0%
93.2%
<= $50,000 3,497,903 <= $50,000 58,139 97.5%
3,258,372 59,616
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
December 20, 2021
Forgiveness Platform Lender Submission Metrics | December 19
Data as of December 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
4,347,977 $170,285,676,414 4,235,357 $162,458,832,243
6,327,729 $270,684,508,487 69% of 2021 PPP loans have Forgiveness has been requested 60% of the total 2021 PPP loan
67% of 2021 PPP loans have
submitted forgiveness for 63% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,577 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,424 >= $2,000,000 7,552
3,284 51.1% 99.9%
7,558
99.8%
$150,000-$1,999,999 302,573 $150,000-$1,999,999 69,418
56.5% 69,527
170,916
$50,001-$149,999 543,813 $50,001-$149,999 35,003
73.1% 35,040 99.9%
397,668
<= $50,000 58,313 99.8%
<= $50,000 5,474,919 58,426
3,776,109
69.0%
20,000 40,000 60,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
December 20, 2021
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