Forgiveness Platform Lender Submission Metrics, Data as of November 14 (SBA file date: 2021-11-14)
Summary
Issued November 15, 2021 with data through November 14, the report gives separate snapshots for all PPP loans, the 2020 population and the 2021 population. Of all loans, 75% have forgiveness requests and 78% of total loan value has been forgiven in full or in part. The 2020 figure is 93% of loans; the 2021 figure is 61% of loans and 49% of loan value. Lenders requesting forgiveness: 4,801 for all PPP loans, 4,744 for 2020 loans, 4,578 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of November 14 (SBA file date: 2021-11-14).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-39eeb70082/
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Forgiveness Platform Lender Submission Metrics | November 14
Data as of November 14, 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
8,637,473 $636,652,228,645 8,428,035 $617,742,982,799
11,463,807 $791,966,408,393 75% of all PPP loans have Forgiveness has been requested
74% of all PPP loans have been 78% of the total PPP loan value has
submitted forgiveness for 80% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,801 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,321 >= $2,000,000 $103,091
30,123 85.3% $103,742 99.4%
$150,000-$1,999,999 932,482 $150,000-$1,999,999 $313,118
737,924 79.1% 99.2%
$315,567
$50,001-$149,999 1,514,047 84.7% $50,001-$149,999 $110,916
1,282,628 99.3%
$111,747
<= $50,000 8,981,957 <= $50,000 $109,528
6,586,798 98.7%
73.3% $110,995
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)
November 15, 2021
Forgiveness Platform Lender Submission Metrics | November 14
Data as of November 14, 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
4,782,390 $494,548,227,311 4,720,235 $484,476,933,602
5,132,700 $521,221,531,142 93% of 2020 PPP loans have Forgiveness has been requested 93% of the total 2020 PPP loan
92% of 2020 PPP loans have
submitted forgiveness for 95% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,744 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,899 95.6% >= $2,000,000 97,376
27,634 99.3%
98,027
$150,000-$1,999,999 629,914 95.8% $150,000-$1,999,999 258,776
603,672 261,150
99.1%
$50,001-$149,999 970,222 97.1% $50,001-$149,999 80,937
941,813 81,745 99.0%
91.6%
<= $50,000 3,503,665 <= $50,000 57,459 97.7%
3,209,271 58,832
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 15, 2021
Forgiveness Platform Lender Submission Metrics | November 14
Data as of November 14, 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
3,855,083 $142,104,001,334 3,707,800 $133,266,049,197
6,331,107 $270,744,877,251 61% of 2021 PPP loans have Forgiveness has been requested 49% of the total 2021 PPP loan
59% of 2021 PPP loans have
submitted forgiveness for 53% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,578 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,422 >= $2,000,000 5,715
2,489 38.8% 100%
5,715
99.9%
$150,000-$1,999,999 302,568 $150,000-$1,999,999 54,342
44.4% 54,418
134,252
$50,001-$149,999 543,825 $50,001-$149,999 29,978
62.7% 30,002 99.9%
340,815
99.8%
<= $50,000 52,069
<= $50,000 5,478,292 52,163
3,377,527
61.7%
10,000 20,000 30,000 40,000 50,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 15, 2021
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- Original
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