Forgiveness Platform Lender Submission Metrics, Data as of November 21 (SBA file date: 2021-11-21)
Summary
In the November 22, 2021 report (data as of November 21), 77% of all PPP loans show forgiveness requests and 75% are fully or partially forgiven, and 79% of the total loan value has been forgiven in full or in part. The 2020 population has 94% of its loans requested. For 2021 loans the figures are 63% requested and 52% of loan value forgiven. Lenders requesting forgiveness: 4,797 for all PPP loans, 4,739 for 2020 loans, 4,577 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of November 21 (SBA file date: 2021-11-21).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2021-ppp-forgiveness-platform-lender-submission-metrics-reports-20-e9884518d3/
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Forgiveness Platform Lender Submission Metrics | November 21
Data as of November 21, 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
8,770,081 $644,345,961,810 8,615,668 $627,556,432,335
11,461,441 $791,857,530,428 77% of all PPP loans have Forgiveness has been requested
75% of all PPP loans have been 79% of the total PPP loan value has
submitted forgiveness for 81% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,797 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,318 >= $2,000,000 $103,712
30,352 85.9% $104,366 99.4%
$150,000-$1,999,999 932,343 $150,000-$1,999,999 $317,157
747,915 80.2% 99.2%
$319,613
$50,001-$149,999 1,513,884 85.7% $50,001-$149,999 $112,275
1,298,107 99.3%
$113,112
<= $50,000 8,979,896 <= $50,000 $111,202 98.7%
6,693,707
74.5% $112,691
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 22, 2021
Forgiveness Platform Lender Submission Metrics | November 21
Data as of November 21, 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
4,797,421 $495,464,209,477 4,748,779 $486,409,296,626
5,131,450 $521,130,209,020 94% of 2020 PPP loans have Forgiveness has been requested 93% of the total 2020 PPP loan
93% of 2020 PPP loans have
submitted forgiveness for 95% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,739 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,896 95.8% >= $2,000,000 97,556
27,673 99.3%
98,206
$150,000-$1,999,999 629,767 96.1% $150,000-$1,999,999 259,198
604,908 261,572
99.1%
$50,001-$149,999 970,040 97.3% $50,001-$149,999 81,074
943,517 81,885 99.0%
92.0%
<= $50,000 3,502,747 <= $50,000 57,636 97.6%
3,221,323 59,027
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 22, 2021
Forgiveness Platform Lender Submission Metrics | November 21
Data as of November 21, 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
3,972,660 $148,881,752,333 3,866,889 $141,147,135,709
6,329,991 $270,727,321,408 63% of 2021 PPP loans have Forgiveness has been requested 52% of the total 2021 PPP loan
61% of 2021 PPP loans have
submitted forgiveness for 55% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,577 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 6,156
2,679 41.7% 99.9%
6,159
99.9%
$150,000-$1,999,999 302,576 $150,000-$1,999,999 57,959
47.3% 58,041
143,007
$50,001-$149,999 543,844 $50,001-$149,999 31,201 99.9%
65.2% 31,227
354,590
99.8%
<= $50,000 53,566
<= $50,000 5,477,149 53,664
3,472,384
63.4%
10,000 20,000 30,000 40,000 50,000 60,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
November 22, 2021
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