Forgiveness Platform Lender Submission Metrics, Data as of November 07 (SBA file date: 2021-11-07)
Summary
This Forgiveness Platform report is dated November 8, 2021, with data as of November 07. It shows 74% of all PPP loans with forgiveness requests and 72% fully or partially forgiven; 77% of loan value is forgiven in full or in part. Loans from 2020 are 93% requested, and those from 2021 are 59% requested with 47% of value forgiven. The lender totals are 4,805 for all PPP loans, 4,748 for 2020 loans and 4,579 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of November 07 (SBA file date: 2021-11-07).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-7be867eaa3/
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Forgiveness Platform Lender Submission Metrics | November 07
Data as of November 07, 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
8,467,785 $628,075,720,787 8,284,034 $610,462,928,909
11,465,192 $792,040,196,945 74% of all PPP loans have Forgiveness has been requested
72% of all PPP loans have been 77% of the total PPP loan value has
submitted forgiveness for 79% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,805 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,322 >= $2,000,000 $102,559
29,914 84.7% $103,205 99.4%
$150,000-$1,999,999 932,589 $150,000-$1,999,999 $309,090
727,714 78.0% 99.2%
$311,512
$50,001-$149,999 1,514,160 83.3% $50,001-$149,999 $109,123
1,261,865 99.3%
$109,948
<= $50,000 8,983,121 <= $50,000 $107,303 98.7%
6,448,292
71.8% $108,742
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 8, 2021
Forgiveness Platform Lender Submission Metrics | November 07
Data as of November 07, 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
4,747,532 $492,673,947,752 4,711,214 $483,401,151,903
5,133,608 $521,285,390,867 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
4,748 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,900 95.5% >= $2,000,000 97,234
27,588 99.3%
97,880
$150,000-$1,999,999 630,019 95.5% $150,000-$1,999,999 257,997
601,365 260,351
99.1%
$50,001-$149,999 970,337 96.4% $50,001-$149,999 80,423
935,600 81,226 99.0%
90.8%
<= $50,000 3,504,352 <= $50,000 57,019 97.7%
3,182,979 58,368
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 8, 2021
Forgiveness Platform Lender Submission Metrics | November 07
Data as of November 07, 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
3,720,253 $135,401,773,035 3,572,820 $127,061,777,006
6,331,584 $270,754,806,078 59% of 2021 PPP loans have Forgiveness has been requested 47% of the total 2021 PPP loan
56% of 2021 PPP loans have
submitted forgiveness for 50% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,579 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 5,325
2,326 36.2% 100%
5,325
99.9%
$150,000-$1,999,999 302,570 $150,000-$1,999,999 51,093
41.8% 51,161
126,349
$50,001-$149,999 543,823 $50,001-$149,999 28,700 99.9%
60.0% 28,722
326,265
99.8%
<= $50,000 50,284
<= $50,000 5,478,769 50,374
3,265,313
59.6%
10,000 20,000 30,000 40,000 50,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 8, 2021
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