Forgiveness Platform Lender Submission Metrics, Data as of October 31 (SBA file date: 2021-10-31)
Summary
Dated November 1, 2021, the report carries data as of October 31. It states that 72% of all PPP loans have forgiveness requests and 71% are fully or partially forgiven; 76% of total loan value has been forgiven in full or in part. Requests reach 92% of 2020 loans and 56% of 2021 loans, with 44% of the 2021 loan value forgiven. The lenders that have requested forgiveness total 4,808 for all PPP loans, 4,751 for 2020 loans and 4,578 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of October 31 (SBA file date: 2021-10-31).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-cfd178b605/
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Forgiveness Platform Lender Submission Metrics | October 31
Data as of October 31, 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
8,289,625 $619,261,646,663 8,093,497 $601,768,743,295
11,473,528 $792,209,208,936 72% of all PPP loans have Forgiveness has been requested
71% of all PPP loans have been 76% of the total PPP loan value has
submitted forgiveness for 78% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,808 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,323 >= $2,000,000 $101,842
29,650 83.9% $102,491 99.4%
$150,000-$1,999,999 932,642 $150,000-$1,999,999 $304,974
717,452 76.9% 99.2%
$307,359
$50,001-$149,999 1,514,191 82.1% $50,001-$149,999 $107,468
1,242,916 99.2%
$108,281
<= $50,000 8,991,372 <= $50,000 $104,977 98.7%
6,299,607
70.1% $106,389
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 1, 2021
Forgiveness Platform Lender Submission Metrics | October 31
Data as of October 31, 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
4,731,778 $491,571,060,052 4,698,507 $482,174,921,084
5,134,124 $521,331,841,926 92% of 2020 PPP loans have Forgiveness has been requested 92% of the total 2020 PPP loan
92% of 2020 PPP loans have
submitted forgiveness for 94% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,751 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,903 95.2% >= $2,000,000 97,009
27,525 99.3%
97,656
$150,000-$1,999,999 630,074 95.2% $150,000-$1,999,999 257,432
599,722 259,756
99.1%
$50,001-$149,999 970,409 96.2% $50,001-$149,999 80,293
933,974 81,086 99.0%
90.5%
<= $50,000 3,504,738 <= $50,000 56,838 97.7%
3,170,557 58,164
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 1, 2021
Forgiveness Platform Lender Submission Metrics | October 31
Data as of October 31, 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
3,557,847 $127,690,586,612 3,394,990 $119,593,822,211
6,339,404 $270,877,367,010 56% of 2021 PPP loans have Forgiveness has been requested 44% of the total 2021 PPP loan
54% of 2021 PPP loans have
submitted forgiveness for 47% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,578 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 4,834
2,125 33.1% 100%
4,834
99.9%
$150,000-$1,999,999 302,568 $150,000-$1,999,999 47,542
38.9% 47,604
117,730
$50,001-$149,999 543,782 $50,001-$149,999 27,175 99.9%
56.8% 27,196
308,942
99.8%
<= $50,000 48,139
<= $50,000 5,486,634 48,225
3,129,050
57.0%
10,000 20,000 30,000 40,000 50,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 1, 2021
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