Forgiveness Platform Lender Submission Metrics, Data as of April 17 (SBA file date: 2022-04-17)
Summary
The April 18, 2022 report covers data through April 17. At that date 87% of all PPP loans had forgiveness requests, 86% were fully or partially forgiven and 90% of total loan value was forgiven in full or in part. For 2020 loans the request rate is 96%, and for 2021 loans it is 79%, with 77% of the 2021 loan value forgiven. The lenders requesting forgiveness number 4,754 for all loans, 4,696 for 2020 loans and 4,558 for 2021 loans.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Forgiveness Platform Lender Submission Metrics, Data as of April 17 (SBA file date: 2022-04-17).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-1e4cfab61b/
, SHA-256 faa54b7d1c9704662a80e06f93445075a590acb96df4014d48ffd0de8fe27ec1.Full text
Forgiveness Platform Lender Submission Metrics | April 17
Data as of April 17, 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
10,023,442 $723,209,704,442 9,964,772 $718,921,064,034
11,410,168 $788,882,219,640 87% of all PPP loans have Forgiveness has been requested
86% of all PPP loans have been 90% 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
4,754 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,258 >= $2,000,000 $111,000
93.9% 100.0%
33,096 $111,000
$150,000-$1,999,999 927,368 $150,000-$1,999,999 $362,000
858,663 92.6%
$364,000
99.5%
$50,001-$149,999 1,508,384 $50,001-$149,999 $125,000
1,437,954 95.3% 100.0%
$125,000
<= $50,000 8,939,158 <= $50,000 $127,000
7,693,729 99.2%
86.1% $128,000
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)
April 18, 2022
Forgiveness Platform Lender Submission Metrics | April 17
Data as of April 17, 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
4,911,110 $501,885,127,664 4,889,396 $500,346,003,771
5,083,586 $518,266,019,147 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
4,696 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,835 >= $2,000,000 $98,700
28,037 97.2% 99.4%
$99,300
$150,000-$1,999,999 624,872 98.3% $150,000-$1,999,999 $262,000
614,376 $265,000
98.9%
$50,001-$149,999 964,640 $50,001-$149,999 $81,900
954,475 98.9% 98.9%
$82,800
95.6%
<= $50,000 3,465,239 <= $50,000 $58,900 97.4%
3,314,222 $60,500
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
April 18, 2022
Forgiveness Platform Lender Submission Metrics | April 17
Data as of April 17, 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
5,112,332 $221,324,576,778 5,075,376 $218,575,060,263
6,326,582 $270,616,200,493 79% of 2021 PPP loans have Forgiveness has been requested 77% of the total 2021 PPP loan
78% of 2021 PPP loans have
submitted forgiveness for 79% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,558 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 $11,800 100.0%
5,059 78.8% $11,800
$150,000-$1,999,999 302,496 $150,000-$1,999,999 $99,200
244,287 80.8% $99,400
99.8%
$50,001-$149,999 $42,600 100.0%
$50,001-$149,999 543,744 $42,600
483,479 88.9%
<= $50,000 $67,700 99.7%
<= $50,000 5,473,919 $67,900
4,379,507
80.0%
$- $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
April 18, 2022
File and source
- File
- 2022.04.17_Weekly-Forgiveness-Report_Public-508.pdf
- Size
- 151,024 bytes
- SHA-256
- faa54b7d1c9704662a80e06f93445075a590acb96df4014d48ffd0de8fe27ec1
- Original
- legacy.sba.gov