Forgiveness Platform Lender Submission Metrics, Data as of November 28 (SBA file date: 2021-11-28)
Summary
Dated November 29, 2021, this lender submission report reflects data as of November 28. It reports 77% of all PPP loans with forgiveness requested, 76% fully or partially forgiven and 80% of loan value forgiven in full or in part. For 2020 loans the request rate is 94%; for 2021 loans it is 64%, and 54% of their value has been forgiven. By lender, 4,795 have requested forgiveness for all PPP loans, 4,737 for 2020 loans and 4,577 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of November 28 (SBA file date: 2021-11-28).”
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Forgiveness Platform Lender Submission Metrics | November 28
Data as of November 28, 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
8,856,758 $649,315,704,104 8,705,585 $633,698,020,494
11,457,377 $791,692,866,698 77% of all PPP loans have Forgiveness has been requested
76% of all PPP loans have been 80% of the total PPP loan value has
submitted forgiveness for 82% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,795 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,316 >= $2,000,000 $104,070
30,491 86.3% $104,730 99.4%
$150,000-$1,999,999 932,132 $150,000-$1,999,999 $319,739
754,280 80.9% 99.2%
$322,205
$50,001-$149,999 1,513,637 86.5% $50,001-$149,999 $113,229
1,309,020 99.3%
$114,070
<= $50,000 8,976,292 <= $50,000 $112,278 98.7%
6,762,967
75.3% $113,775
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 29, 2021
Forgiveness Platform Lender Submission Metrics | November 28
Data as of November 28, 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
4,806,341 $496,012,982,988 4,758,698 $487,363,244,583
5,129,798 $521,013,015,868 94% 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 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
4,737 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,894 95.9% >= $2,000,000 97,669
27,706 99.3%
98,326
$150,000-$1,999,999 629,553 96.2% $150,000-$1,999,999 259,446
605,661 261,825
99.1%
$50,001-$149,999 969,792 97.4% $50,001-$149,999 81,158
944,538 81,972 99.0%
92.2%
<= $50,000 3,501,559 <= $50,000 57,739 97.6%
3,228,436 59,136
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 29, 2021
Forgiveness Platform Lender Submission Metrics | November 28
Data as of November 28, 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
4,050,417 $153,302,721,116 3,946,887 $146,334,775,910
6,327,579 $270,679,850,830 64% of 2021 PPP loans have Forgiveness has been requested 54% of the total 2021 PPP loan
62% of 2021 PPP loans have
submitted forgiveness for 57% 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 6,422 >= $2,000,000 6,401
2,785 43.4% 99.9%
6,404
99.9%
$150,000-$1,999,999 302,579 $150,000-$1,999,999
49.1%
148,619
$50,001-$149,999 543,845 $50,001-$149,999 32,071 99.9%
67.0% 32,099
364,482
99.8%
<= $50,000 54,538
<= $50,000 5,474,733 54,639
3,534,531
64.6%
10,000 20,000 30,000 40,000 50,000 60,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 29, 2021
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