Forgiveness Platform Lender Submission Metrics, Data as of February 27 (SBA file date: 2022-02-28)
Summary
This February 28, 2022 report shows data as of February 27. Forgiveness has been requested for 86% of all PPP loans, 85% are fully or partially forgiven, and 88% of total loan value is forgiven in full or in part. By group, 96% of 2020 loans and 77% of 2021 loans have requests, and 74% of the 2021 loan value is forgiven. It counts 4,766 lenders 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 February 27 (SBA file date: 2022-02-28).”
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Forgiveness Platform Lender Submission Metrics | February 27
Data as of February 27, 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
9,796,695 $705,975,143,192 9,727,560 $698,861,281,108
11,425,252 $789,653,916,989 86% of all PPP loans have Forgiveness has been requested
85% of all PPP loans have been 88% of the total PPP loan value has
submitted forgiveness for 89% 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 35,281 >= $2,000,000 $108,844
32,401 91.8% $109,508 99.4%
$150,000-$1,999,999 928,336 $150,000-$1,999,999 $351,009
832,605 89.7%
$353,606
99.3%
$50,001-$149,999 1,510,128 $50,001-$149,999 $122,158
1,410,915 93.4% 99.3%
$123,065
<= $50,000 8,951,507 <= $50,000 $123,964
7,520,774 98.7%
84.0% $125,632
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
0.00 100000000000.00 200000000000.00 300000000000.00 400000000000.00
% Submitted Total Loans Submissions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
February 28, 2022
Forgiveness Platform Lender Submission Metrics | February 27
Data as of February 27, 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
4,893,226 $500,777,332,152 4,871,388 $497,761,638,107
5,098,396 $519,014,009,687 96% of 2020 PPP loans have Forgiveness has been requested 96% of the total 2020 PPP loan
95% 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
4,708 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,858 >= $2,000,000 98,500
27,952 96.9% 99.4%
99,100
$150,000-$1,999,999 625,802 97.9% $150,000-$1,999,999 262,000
612,644 264,000
99.2%
$50,001-$149,999 966,345 $50,001-$149,999 81,800
952,741 98.6% 82,700 98.9%
94.9%
<= $50,000 3,477,391 <= $50,000 58,700
3,299,889 97.5%
60,200
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
February 28, 2022
Forgiveness Platform Lender Submission Metrics | February 27
Data as of February 27, 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
4,903,469 $205,197,811,040 4,856,172 $201,099,643,000
6,326,856 $270,639,907,302 77% of 2021 PPP loans have Forgiveness has been requested 74% of the total 2021 PPP loan
77% of 2021 PPP loans have
submitted forgiveness for 76% 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 10,400 100.0%
4,449 69.3% 10,400
$150,000-$1,999,999 302,534 $150,000-$1,999,999 89,200
219,961 72.7% 89,400
99.8%
$50,001-$149,999 40,300 99.8%
$50,001-$149,999 543,783 40,400
458,174 84.3%
<= $50,000 65,200 99.7%
<= $50,000 5,474,116 65,400
4,220,885
77.1%
20,000 40,000 60,000 80,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
February 28, 2022
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