Forgiveness Platform Lender Submission Metrics, Data as of August 21 (SBA file date: 2022-08-21)
Summary
Dated August 23, 2022, with data as of August 21, this report records forgiveness requests on 92% of all PPP loans; 91% are fully or partially forgiven and 95% of loan value is forgiven in full or in part. The 2020 loans stand at 97% requested. The 2021 loans are at 87% requested, with 91% of their value forgiven. Lender totals are 4,718 for all PPP loans, 4,660 for 2020 loans and 4,526 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of August 21 (SBA file date: 2022-08-21).”
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Forgiveness Platform Lender Submission Metrics | August 21
Data as of August 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
10,437,244 $751,849,044,629 10,380,988 $750,352,641,806
11,375,494 $787,153,390,636 92% of all PPP loans have Forgiveness has been requested
91% of all PPP loans have been 95% of the total PPP loan value has
submitted forgiveness for 95% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,718 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,184 >= $2,000,000 $113,201 99.6%
97.3% $113,669
34,233
$150,000-$1,999,999 925,072 97.5% $150,000-$1,999,999 $378,675
902,266 $381,332
99.3%
$50,001-$149,999 1,505,791 98.4% $50,001-$149,999 $128,307 99.3%
1,481,201 $129,240
<= $50,000 8,909,447 <= $50,000 $131,667 98.6%
8,019,544 $133,550
90.0%
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)
August 23, 2022
Forgiveness Platform Lender Submission Metrics | August 21
Data as of August 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
4,929,697 $502,971,339,124 4,908,597 $503,328,487,625
5,052,494 $516,767,125,774 97% of 2020 PPP loans have Forgiveness has been requested 97% of the total 2020 PPP loan
97% 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
4,660 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,770
28,106 97.7% >= $2,000,000 $98,920 99.5%
$99,368
$150,000-$1,999,999 622,911
616,454 99.0% $150,000-$1,999,999 $262,899
$265,135
99.2%
$50,001-$149,999 962,397
956,115 99.3% $50,001-$149,999 $82,064 99.0%
$82,867
96.8%
<= $50,000 3,438,416
3,329,022 <= $50,000 $59,088
$60,704 97.3%
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
August 23, 2022
Forgiveness Platform Lender Submission Metrics | August 21
Data as of August 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
5,507,547 $248,877,705,505 5,472,391 $247,024,154,181
6,323,000 $270,386,264,862 87% of 2021 PPP loans have Forgiveness has been requested 91% of the total 2021 PPP loan
86% of 2021 PPP loans have
submitted forgiveness for 92% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,526 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,414 >= $2,000,000 $14,280 99.9%
95.5% $14,300
6,127
$150,000-$1,999,999 302,161 $150,000-$1,999,999 $115,776
94.6% $116,196
285,812
99.6%
$50,001-$149,999 $46,243 99.7%
$50,001-$149,999 543,394 $46,372
525,086 96.6%
<= $50,000 $72,579
<= $50,000 5,471,031 $72,847 99.6%
4,690,522
85.7%
$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
August 23, 2022
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