Forgiveness Platform Lender Submission Metrics, Data as of April 03 (SBA file date: 2022-04-03)
Summary
This early-April report is dated April 4, 2022 and presents data as of April 03. Of all PPP loans, 87% have forgiveness applications, 86% are fully or partially forgiven, and 90% of loan value has been forgiven in full or in part. Requests cover 96% of 2020 loans and 80% of 2021 loans, and 79% of the 2021 loan value has been forgiven. Lenders: 4,753 for all PPP loans, 4,695 for 2020 loans, 4,556 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of April 03 (SBA file date: 2022-04-03).”
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Forgiveness Platform Lender Submission Metrics | April 03
Data as of April 03, 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
9,969,556 $719,024,142,584 9,907,774 $713,651,000,243
11,412,885 $788,952,125,888 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 91% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,753 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,256 >= $2,000,000 $110,000
93.4% 99.1%
32,931 $111,000
$150,000-$1,999,999 927,440 $150,000-$1,999,999 $359,000
852,267 91.9%
$362,000
99.2%
$50,001-$149,999 1,508,623 $50,001-$149,999 $124,000
1,431,756 94.9% 99.2%
$125,000
<= $50,000 8,941,566 <= $50,000 $126,000
7,652,602 98.4%
85.6% $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 4, 2022
Forgiveness Platform Lender Submission Metrics | April 03
Data as of April 03, 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
4,907,203 $501,629,224,730 4,885,180 $499,750,028,205
5,087,817 $518,379,236,588 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
4,695 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,833 >= $2,000,000 $98,700
28,020 97.2% 99.4%
$99,300
$150,000-$1,999,999 624,985 98.2% $150,000-$1,999,999 $262,000
613,950 $265,000
98.9%
$50,001-$149,999 965,025 $50,001-$149,999 $81,900
954,107 98.9% 99.0%
$82,700
95.4%
<= $50,000 3,468,974 <= $50,000 $58,900 97.5%
3,311,126 $60,400
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 4, 2022
Forgiveness Platform Lender Submission Metrics | April 03
Data as of April 03, 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
5,062,353 $217,394,917,854 5,022,594 $213,900,972,038
6,325,068 $270,572,889,300 80% of 2021 PPP loans have Forgiveness has been requested 79% of the total 2021 PPP loan
79% of 2021 PPP loans have
submitted forgiveness for 80% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,556 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 $11,500 100.0%
4,911 76.5% $11,500
$150,000-$1,999,999 302,455 $150,000-$1,999,999 $96,700
238,317 78.8% $96,900
99.8%
$50,001-$149,999 $42,100 100.0%
$50,001-$149,999 543,598 $42,100
477,649 87.9%
<= $50,000 $67,100 99.7%
<= $50,000 5,472,592 $67,300
4,341,476
79.3%
$- $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 4, 2022
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