Forgiveness Platform Lender Submission Metrics, Data as of March 06 (SBA file date: 2022-03-07)
Summary
A March 7, 2022 report, one of the later ones, reflects data as of March 06. It shows forgiveness requested for 86% of all PPP loans, 85% fully or partially forgiven, and 89% of loan value forgiven in full or in part. The 2020 loans are close to complete at 96% requested, and 2021 loans are at 78% with 75% of their value forgiven. The lender counts are 4,766 for all PPP loans, 4,708 for 2020 loans and 4,565 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of March 06 (SBA file date: 2022-03-07).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-03eb18ae2d/
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Forgiveness Platform Lender Submission Metrics | March 06
Data as of March 06, 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
9,833,590 $708,794,346,114 9,765,559 $701,765,730,759
11,423,263 $789,546,009,407 86% of all PPP loans have Forgiveness has been requested
85% of all PPP loans have been 89% of the total PPP loan value has
submitted forgiveness for 90% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,766 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,276 >= $2,000,000 $109,000
92.2% 99.1%
32,514 $110,000
$150,000-$1,999,999 928,209 $150,000-$1,999,999 $353,000
836,878 90.2%
$355,000
99.4%
$50,001-$149,999 1,509,824 $50,001-$149,999 $123,000
1,415,381 93.7% 100.0%
$123,000
<= $50,000 8,949,954 <= $50,000 $124,000
7,548,817 98.4%
84.3% $126,000
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 $- $100,000 $200,000 $300,000 $400,000
% Submitted Total Loans Submissions Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
March 7, 2022
Forgiveness Platform Lender Submission Metrics | March 06
Data as of March 06, 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
4,896,033 $500,926,412,224 4,873,925 $498,082,391,738
5,096,440 $518,904,573,329 96% of 2020 PPP loans have Forgiveness has been requested 96% of the total 2020 PPP loan
96% of 2020 PPP loans have
submitted forgiveness for 97% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,708 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,853 >= $2,000,000 $98,500
27,957 96.9% 99.4%
$99,100
$150,000-$1,999,999 625,677 98.0% $150,000-$1,999,999 $262,000
612,898 $264,000
99.2%
$50,001-$149,999 966,044 $50,001-$149,999 $81,800
952,974 98.6% 98.9%
$82,700
95.0%
<= $50,000 3,475,866 <= $50,000 $58,800 97.5%
3,302,204 $60,300
0 1,000,000 2,000,000 3,000,000 4,000,000 $- $100,000 $200,000 $300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M) Millions
March 7, 2022
Forgiveness Platform Lender Submission Metrics | March 06
Data as of March 06, 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
4,937,557 $207,867,933,890 4,891,634 $203,683,339,021
6,326,823 $270,641,436,077 78% of 2021 PPP loans have Forgiveness has been requested 75% of the total 2021 PPP loan
77% of 2021 PPP loans have
submitted forgiveness for 77% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,565 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 $10,600 100.0%
4,557 70.9% $10,600
$150,000-$1,999,999 302,532 $150,000-$1,999,999 $90,900
223,980 74.0% $91,100
99.8%
$50,001-$149,999 $40,700 99.8%
$50,001-$149,999 543,780 $40,800
462,407 85.0%
<= $50,000 $65,600 99.7%
<= $50,000 5,474,088 $65,800
4,246,613
77.6%
$- $20,000 $40,000 $60,000 $80,000 $100,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
March 7, 2022
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