Forgiveness Platform Lender Submission Metrics, Data as of December 12 (SBA file date: 2021-12-12)
Summary
This lender metrics report is dated December 13, 2021 and uses data as of December 12. Of all PPP loans, 79% have forgiveness applications submitted and 77% are fully or partially forgiven; 81% of the total loan value has been forgiven in full or in part. By vintage, 94% of 2020 loans and 67% of 2021 loans have requests, and 57% of the 2021 loan value is forgiven. Lender counts: 4,788 for all PPP loans, 4,730 for 2020 and 4,574 for 2021.
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“Forgiveness Platform Lender Submission Metrics, Data as of December 12 (SBA file date: 2021-12-12).”
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Forgiveness Platform Lender Submission Metrics | December 12
Data as of December 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
9,087,832 $662,273,930,930 8,879,806 $644,590,207,095
11,453,936 $791,420,024,727 79% of all PPP loans have Forgiveness has been requested
77% of all PPP loans have been 81% of the total PPP loan value has
submitted forgiveness for 84% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,788 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,314 >= $2,000,000 $105,145
30,920 87.6% $105,806 99.4%
$150,000-$1,999,999 931,618 $150,000-$1,999,999 $326,483
771,055 82.8% 99.2%
$328,987
$50,001-$149,999 1,513,238 88.2% $50,001-$149,999 $115,476
1,334,737 99.3%
$116,334
<= $50,000 8,973,766 <= $50,000 $115,170 98.7%
6,951,120
77.5% $116,731
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)
December 13, 2021
Forgiveness Platform Lender Submission Metrics | December 12
Data as of December 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
4,831,211 $497,369,294,338 4,771,583 $489,392,595,901
5,126,540 $520,745,126,759 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 96% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,730 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,891 96.2% >= $2,000,000 97,941
27,784 99.3%
98,599
$150,000-$1,999,999 629,046 96.6% $150,000-$1,999,999 260,064
607,501 262,465
99.1%
$50,001-$149,999 969,416 97.7% $50,001-$149,999 81,343
946,938 82,166 99.0%
92.8%
<= $50,000 3,499,187 <= $50,000 58,021 97.6%
3,248,988 59,472
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
December 13, 2021
Forgiveness Platform Lender Submission Metrics | December 12
Data as of December 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
4,256,621 $164,904,636,592 4,108,223 $155,197,611,194
6,327,396 $270,674,897,968 67% of 2021 PPP loans have Forgiveness has been requested 57% of the total 2021 PPP loan
65% of 2021 PPP loans have
submitted forgiveness for 61% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,574 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 7,204
3,136 48.8% 100%
7,207
99.8%
$150,000-$1,999,999 302,572 $150,000-$1,999,999 66,419
54.1% 66,522
163,554
$50,001-$149,999 543,822 $50,001-$149,999 34,133
71.3% 34,168 99.9%
387,799
<= $50,000 57,149 99.8%
<= $50,000 5,474,579 57,259
3,702,132
67.6%
20,000 40,000 60,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
December 13, 2021
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