Forgiveness Platform Lender Submission Metrics, Data as of September 12 (SBA file date: 2021-09-13)
Summary
Dated September 13, 2021 and using data as of September 12, the report puts the share of all PPP loans with forgiveness requests at 59%, with 56% fully or partially forgiven and 67% of loan value forgiven in full or in part. Requests cover 89% of 2020 loans but only 34% of 2021 loans, and 24% of the 2021 loan value has been forgiven. The number of lenders that have requested forgiveness is 4,834 for PPP loans, 4,783 for 2020 loans and 4,519 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of September 12 (SBA file date: 2021-09-13).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-9d8155b197/
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Forgiveness Platform Lender Submission Metrics | September 12
Data as of September 12, 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
6,739,872 $549,758,188,084 6,495,213 $530,432,477,927
11,496,362 $792,753,837,209 59% of all PPP loans have Forgiveness has been requested
56% of all PPP loans have been 67% of the total PPP loan value has
submitted forgiveness for 69% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,834 lenders have requested forgiveness for PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,333 >= $2,000,000 $95,972
27,543 78.0% $96,567 99.4%
$150,000-$1,999,999 932,833 $150,000-$1,999,999 $275,332
642,764 68.9%
$277,387
99.3%
$50,001-$149,999 1,514,314 72.1% $50,001-$149,999 $94,351
1,092,465 99.3%
$95,062
<= $50,000 9,013,882 <= $50,000 $84,104 98.6%
4,977,100
55.2% $85,292
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
$- $100,000,000,000 $200,000,000,000 $300,000,000,000
% Submitted Total Loans Submissions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 13, 2021
Forgiveness Platform Lender Submission Metrics | September 12
Data as of September 12, 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
4,551,960 $477,092,205,122 4,493,869 $465,074,198,200
5,135,390 $521,500,240,978 89% of 2020 PPP loans have Forgiveness has been requested 89% of the total 2020 PPP loan
88% of 2020 PPP loans have
submitted forgiveness for 91% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,783 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,913 91.8% >= $2,000,000 93,781
26,549 99.4%
94,375
$150,000-$1,999,999 630,294 92.0% $150,000-$1,999,999 250,008
579,754 252,038
99.2%
$50,001-$149,999 970,613 94.0% $50,001-$149,999 78,535 99.1%
912,373 79,236
<= $50,000 3,505,570 <= $50,000 54,769 98.0%
3,033,284 55,908
86.5%
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 13, 2021
Forgiveness Platform Lender Submission Metrics | September 12
Data as of September 12, 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
2,187,912 $72,665,982,963 2,001,344 $65,358,279,727
6,360,972 $271,253,596,231 34% of 2021 PPP loans have Forgiveness has been requested 24% of the total 2021 PPP loan
31% of 2021 PPP loans have
submitted forgiveness for 27% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,519 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 2,191
994 15.5% 100%
2,191
$150,000-$1,999,999 302,539 $150,000-$1,999,999 25,324
20.8% 25,350 99.9%
63,010
$50,001-$149,999 543,701 $50,001-$149,999 15,816
33.1% 15,825 99.9%
180,092
<= $50,000 29,335 99.8%
<= $50,000 5,508,312 29,384
1,943,816
35.3%
10,000 20,000 30,000 40,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
September 13, 2021
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