Forgiveness Platform Lender Submission Metrics, Data as of October 10 (SBA file date: 2021-10-10)
Summary
A dated-October 12, 2021 issue of the Forgiveness Platform Lender Submission Metrics, using data as of October 10, 11:59 PM ET. For the total PPP loan population, 67% of loans have forgiveness applications submitted and 65% are fully or partially forgiven, with 73% of loan value forgiven in full or in part. The 2020 loans are 91% requested, while the 2021 loans are 48% requested with 36% of their value forgiven. Lender counts printed are 4,818 for all PPP loans, 4,761 for 2020 loans and 4,567 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of October 10 (SBA file date: 2021-10-10).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-e7ec433c3f/
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Forgiveness Platform Lender Submission Metrics | October 10
Data as of October 10, 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
7,750,794 $593,965,602,635 7,519,651 $575,221,879,219
11,490,987 $792,705,348,701 67% of all PPP loans have Forgiveness has been requested
65% of all PPP loans have been 73% of the total PPP loan value has
submitted forgiveness for 75% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,818 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,346 >= $2,000,000 $99,901
28,921 81.8% $100,559 99.3%
$150,000-$1,999,999 932,777 $150,000-$1,999,999 $293,465
688,408 73.8% 99.2%
$295,749
$50,001-$149,999 1,514,299 78.6% $50,001-$149,999 $102,790
1,189,697 99.2%
$103,572
<= $50,000 9,008,565 <= $50,000 $97,809 98.7%
5,843,768
64.9% $99,146
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 12, 2021
Forgiveness Platform Lender Submission Metrics | October 10
Data as of October 10, 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
4,679,020 $487,657,192,405 4,634,205 $477,097,359,271
5,134,969 $521,524,933,592 91% of 2020 PPP loans have Forgiveness has been requested 91% of the total 2020 PPP loan
90% 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
4,761 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,924 94.3% >= $2,000,000 96,200
27,289 99.3%
96,859
$150,000-$1,999,999 630,214 94.3% $150,000-$1,999,999 255,407
594,066 257,648
99.1%
$50,001-$149,999 970,533 95.6% $50,001-$149,999 79,820
928,261 80,587 99.0%
89.3%
<= $50,000 3,505,298 <= $50,000 56,230 97.8%
3,129,404 57,495
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
October 12, 2021
Forgiveness Platform Lender Submission Metrics | October 10
Data as of October 10, 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
3,071,774 $106,308,410,229 2,885,446 $98,124,519,948
6,356,018 $271,180,415,109 48% of 2021 PPP loans have Forgiveness has been requested 36% of the total 2021 PPP loan
45% of 2021 PPP loans have
submitted forgiveness for 39% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,567 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 3,700
1,632 25.4% 100%
3,700
$150,000-$1,999,999 302,563 $150,000-$1,999,999 38,059
31.2% 38,101 99.9%
94,342
$50,001-$149,999 543,766 $50,001-$149,999 22,970
48.1% 22,985 99.9%
261,436
<= $50,000 41,579
<= $50,000 5,503,267 41,652
2,714,364
49.3% 99.8%
10,000 20,000 30,000 40,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
October 12, 2021
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- Original
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