Forgiveness Platform Lender Submission Metrics, Data as of October 17 (SBA file date: 2021-10-17)
Summary
The October 18, 2021 Forgiveness Platform report, built on data through October 17, 11:59 PM ET, gives the total population first: 69% of loans with forgiveness requests, 67% fully or partially forgiven, and 73% of loan value forgiven in full or in part. Loans from 2020 are 92% requested; 2021 loans are 51% requested, with 37% of their value forgiven. Lenders requesting forgiveness: 4,813 (all PPP loans), 4,756 (2020) and 4,568 (2021).
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“Forgiveness Platform Lender Submission Metrics, Data as of October 17 (SBA file date: 2021-10-17).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-d4ba1f6e10/
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Forgiveness Platform Lender Submission Metrics | October 17
Data as of October 17, 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
7,912,152 $601,945,123,659 7,673,992 $579,510,915,202
11,488,680 $792,593,619,154 69% of all PPP loans have Forgiveness has been requested
67% of all PPP loans have been 73% of the total PPP loan value has
submitted forgiveness for 76% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,813 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,336 >= $2,000,000 $100,550
29,167 82.5% $101,191 99.4%
$150,000-$1,999,999 932,767 $150,000-$1,999,999 $297,143
697,600 74.8% 99.2%
$299,466
$50,001-$149,999 1,514,284 79.7% $50,001-$149,999 $104,312
1,207,019 99.2%
$105,106
<= $50,000 9,006,293 <= $50,000 $99,940 98.7%
5,978,366
66.4% $101,303
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)
October 18, 2021
Forgiveness Platform Lender Submission Metrics | October 17
Data as of October 17, 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
4,698,626 $489,107,523,256 4,658,276 $478,796,151,696
5,134,836 $521,458,979,807 92% of 2020 PPP loans have Forgiveness has been requested 92% of the total 2020 PPP loan
91% 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
4,756 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,915 94.7% >= $2,000,000 96,488
27,378 99.3%
97,129
$150,000-$1,999,999 630,201 94.6% $150,000-$1,999,999 256,172
596,211 258,446
99.1%
$50,001-$149,999 970,512 95.9% $50,001-$149,999 79,993
930,351 80,771 99.0%
89.7%
<= $50,000 3,505,208 <= $50,000 56,454 97.8%
3,144,686 57,739
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
October 18, 2021
Forgiveness Platform Lender Submission Metrics | October 17
Data as of October 17, 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
3,213,526 $112,837,600,403 3,015,716 $100,714,763,505
6,353,844 $271,134,639,347 51% of 2021 PPP loans have Forgiveness has been requested 37% of the total 2021 PPP loan
47% of 2021 PPP loans have
submitted forgiveness for 42% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,568 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,421 >= $2,000,000 4,062
1,789 27.9% 100%
4,062
$150,000-$1,999,999 302,566 $150,000-$1,999,999 40,971
33.5% 41,020
101,389
99.9%
$50,001-$149,999 543,772 $50,001-$149,999 24,319 99.9%
50.9% 24,335
276,668
<= $50,000 43,486
<= $50,000 5,501,085 43,564
2,833,680
51.5% 99.8%
10,000 20,000 30,000 40,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
October 18, 2021
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