Forgiveness Platform Lender Submission Metrics, Data as of October 3 (SBA file date: 2021-10-03)
Summary
The October 4, 2021 report covers data as of October 3, 11:59 PM ET. At that point 65% of all PPP loans had submitted forgiveness applications, 63% were fully or partially forgiven, and 71% of the total loan value had been forgiven. The 2020 loans were 91% requested; 2021 loans were at 45%, with 32% of their value forgiven. Printed lender counts are 4,833 for all loans, 4,777 for 2020 loans and 4,571 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of October 3 (SBA file date: 2021-10-03).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-4375c36949/
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Forgiveness Platform Lender Submission Metrics | October 3
Data as of October 3, 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
7,490,514 $583,308,627,546 7,209,360 $561,265,371,888
11,492,065 $792,735,759,244 65% of all PPP loans have Forgiveness has been requested
63% of all PPP loans have been 71% of the total PPP loan value has
submitted forgiveness for 74% 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 all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,347 >= $2,000,000 $99,031
28,613 80.9% $99,672 99.4%
$150,000-$1,999,999 932,789 $150,000-$1,999,999 $289,337
677,792 72.7% 99.2%
$291,576
$50,001-$149,999 1,514,322 77.0% $50,001-$149,999 $100,734
1,165,910 99.2%
$101,501
<= $50,000 9,009,607 <= $50,000 $94,207 98.6%
5,618,199
62.4% $95,507
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 4, 2021
Forgiveness Platform Lender Submission Metrics | October 3
Data as of October 3, 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
4,652,002 $485,654,997,956 4,589,642 $473,490,058,869
5,135,081 $521,534,589,019 91% 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 93% 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 28,924 93.9% >= $2,000,000 95,773
27,166 99.3%
96,414
$150,000-$1,999,999 630,227 93.8% $150,000-$1,999,999 254,408
591,202 256,610
99.1%
$50,001-$149,999 970,565 95.3% $50,001-$149,999 79,560
924,954 80,315 99.1%
88.7%
<= $50,000 3,505,365 <= $50,000 55,913 97.8%
3,108,680 57,147
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
October 4, 2021
Forgiveness Platform Lender Submission Metrics | October 3
Data as of October 3, 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
2,838,512 $97,653,629,590 2,619,718 $87,775,313,019
6,356,984 $271,201,170,225 45% of 2021 PPP loans have Forgiveness has been requested 32% of the total 2021 PPP loan
41% of 2021 PPP loans have
submitted forgiveness for 36% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,571 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,423 >= $2,000,000 3,258
1,447 22.5% 100%
3,258
$150,000-$1,999,999 302,562 $150,000-$1,999,999 34,929
28.6% 34,966 99.9%
86,590
$50,001-$149,999 543,757 $50,001-$149,999 21,173
44.3% 21,187 99.9%
240,956
<= $50,000 38,294 99.8%
<= $50,000 5,504,242 38,361
2,509,519
45.6%
10,000 20,000 30,000 40,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
October 4, 2021
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