Forgiveness Platform Lender Submission Metrics, Data as of October 24 (SBA file date: 2021-10-24)
Summary
This October 26, 2021 edition of the Forgiveness Platform Lender Submission Metrics uses data as of October 24, 11:59 PM ET. Seventy percent of all PPP loans have submitted forgiveness applications and 68% are fully or partially forgiven, with 74% of loan value forgiven in full or in part. The 2020 population is far ahead, at 92% of loans, while 2021 loans stand at 53% with 39% of their value forgiven. The report counts 4,811 lenders for all loans, 4,754 for 2020 and 4,575 for 2021.
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“Forgiveness Platform Lender Submission Metrics, Data as of October 24 (SBA file date: 2021-10-24).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-1b81a041bc/
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Forgiveness Platform Lender Submission Metrics | October 24
Data as of October 24, 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
8,058,418 $610,036,142,164 7,833,292 $587,322,204,209
11,484,112 $792,440,117,214 70% of all PPP loans have Forgiveness has been requested
68% of all PPP loans have been 74% of the total PPP loan value has
submitted forgiveness for 77% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,811 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,327 >= $2,000,000 $101,246
29,428 83.3% $101,890 99.4%
$150,000-$1,999,999 932,708 $150,000-$1,999,999 $301,114
707,710 75.9% 99.2%
$303,469
$50,001-$149,999 1,514,257 80.9% $50,001-$149,999 $105,844
1,224,430 99.2%
$106,645
<= $50,000 9,001,820 <= $50,000 $101,832 98.7%
6,096,850
67.7% $103,224
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)
October 26, 2021
Forgiveness Platform Lender Submission Metrics | October 24
Data as of October 24, 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
4,716,687 $490,442,486,125 4,680,430 $480,709,626,293
5,134,560 $521,388,523,430 92% of 2020 PPP loans have Forgiveness has been requested 92% of the total 2020 PPP loan
91% of 2020 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 2020 PPP loans in part
4,754 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,907 95.0% >= $2,000,000 96,761
27,457 99.3%
97,405
$150,000-$1,999,999 630,144 94.9% $150,000-$1,999,999 256,866
598,144 259,166
99.1%
$50,001-$149,999 970,482 96.1% $50,001-$149,999 80,154
932,307 80,937 99.0%
90.1%
<= $50,000 3,505,027 <= $50,000 56,661 97.7%
3,158,779 57,972
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
October 26, 2021
Forgiveness Platform Lender Submission Metrics | October 24
Data as of October 24, 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
3,341,731 $119,593,656,039 3,152,862 $106,612,577,916
6,349,552 $271,051,593,784 53% of 2021 PPP loans have Forgiveness has been requested 39% of the total 2021 PPP loan
50% of 2021 PPP loans have
submitted forgiveness for 44% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,575 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 4,485
1,971 30.7% 100%
4,485
99.9%
$150,000-$1,999,999 302,564 $150,000-$1,999,999 44,248
36.2% 44,303
109,566
$50,001-$149,999 543,775 $50,001-$149,999 25,690 99.9%
53.7% 25,708
292,123
99.8%
<= $50,000 45,171
<= $50,000 5,496,793 45,252
2,938,071
53.5%
10,000 20,000 30,000 40,000 50,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
October 26, 2021
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