Forgiveness Platform Lender Submission Metrics, Data as of January 09 (SBA file date: 2022-01-09)
Summary
Issued January 10, 2022, this report uses data as of January 09 and tracks forgiveness for all PPP loans, for 2020 loans and for 2021 loans. Of all loans, 82% have forgiveness requests and 81% are fully or partially forgiven, covering 85% of total loan value. Among 2020 loans the request rate is 95%; among 2021 loans it is 72%, with 65% of value forgiven. The report names 4,782 lenders for all loans, 4,723 for 2020 and 4,576 for 2021.
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“Forgiveness Platform Lender Submission Metrics, Data as of January 09 (SBA file date: 2022-01-09).”
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Forgiveness Platform Lender Submission Metrics | January 09
Data as of January 09, 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
9,408,548 $680,813,821,189 9,286,773 $668,564,169,713
11,444,981 $790,765,202,677 82% of all PPP loans have Forgiveness has been requested
81% of all PPP loans have been 85% of the total PPP loan value has
submitted forgiveness for 86% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,782 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,312 >= $2,000,000 $106,596
31,504 89.2% $107,273 99.4%
$150,000-$1,999,999 930,288 $150,000-$1,999,999 $336,558
796,201 85.6% 99.2%
$339,115
$50,001-$149,999 1,512,155 90.5% $50,001-$149,999 $118,439
1,368,738 99.3%
$119,321
<= $50,000 8,967,226 <= $50,000 $119,221 98.6%
7,212,105
80.4% $120,854
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)
January 10, 2022
Forgiveness Platform Lender Submission Metrics | January 09
Data as of January 09, 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
4,862,605 $498,871,409,814 4,834,682 $493,410,097,312
5,117,256 $520,077,744,932 95% of 2020 PPP loans have Forgiveness has been requested 95% of the total 2020 PPP loan
94% of 2020 PPP loans have
submitted forgiveness for 96% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,723 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,887 96.4% >= $2,000,000 98,149
27,850 99.3%
98,820
$150,000-$1,999,999 627,718 97.1% $150,000-$1,999,999 260,781
609,683 263,206
99.1%
$50,001-$149,999 968,350 98.1% $50,001-$149,999 81,556
949,682 82,396 99.0%
93.8%
<= $50,000 3,492,301 <= $50,000 58,385 97.5%
3,275,390 59,890
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
January 10, 2022
Forgiveness Platform Lender Submission Metrics | January 09
Data as of January 09, 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
4,545,943 $181,942,411,375 4,452,091 $175,154,072,401
6,327,725 $270,687,457,745 72% of 2021 PPP loans have Forgiveness has been requested 65% of the total 2021 PPP loan
70% of 2021 PPP loans have
submitted forgiveness for 67% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,576 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,425 56.9% >= $2,000,000 8,447
8,454 99.9%
3,654
99.8%
$150,000-$1,999,999 302,570 $150,000-$1,999,999 75,776
61.6% 75,909
186,518
$50,001-$149,999 36,883 99.9%
$50,001-$149,999 543,805 77.1% 36,926
419,056
<= $50,000 60,836 99.8%
<= $50,000 5,474,925 60,963
3,936,715
71.9%
20,000 40,000 60,000 80,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
January 10, 2022
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