Forgiveness Platform Lender Submission Metrics, Data as of March 27 (SBA file date: 2022-03-27)
Summary
This March 28, 2022 report reflects data as of March 27. Of all PPP loans, 87% have forgiveness requests, 86% are fully or partially forgiven, and 90% of total loan value is forgiven in full or in part. The 2020 loans are at 96% requested; the 2021 loans are at 79% requested, with 78% of their value forgiven. Lenders requesting forgiveness: 4,760 for all PPP loans, 4,702 for 2020 loans and 4,561 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of March 27 (SBA file date: 2022-03-27).”
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Forgiveness Platform Lender Submission Metrics | March 27
Data as of March 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
9,939,786 $716,598,930,205 9,874,596 $711,014,448,862
11,414,212 $789,026,249,053 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
4,760 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 $110,000
93.1% 99.1%
32,816 $111,000
$150,000-$1,999,999 927,544 $150,000-$1,999,999 $357,000
848,595 91.5%
$360,000
99.2%
$50,001-$149,999 1,508,746 $50,001-$149,999 $124,000
1,428,000 94.6% 99.2%
$125,000
<= $50,000 8,942,664 <= $50,000 $126,000
7,630,375 99.2%
85.3% $127,000
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)
March 28, 2022
Forgiveness Platform Lender Submission Metrics | March 27
Data as of March 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
4,905,004 $501,488,139,184 4,882,398 $499,451,957,252
5,089,105 $518,449,850,506 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
4,702 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 $98,647
28,008 97.1% 99.4%
$99,268
$150,000-$1,999,999 625,084 98.2% $150,000-$1,999,999 $262,107
613,687 $264,487
99.1%
$50,001-$149,999 965,143 $50,001-$149,999 $81,893
953,919 98.8% 99.0%
$82,732
95.4%
<= $50,000 3,470,043 <= $50,000 $58,841 97.4%
3,309,390 $60,411
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
March 28, 2022
Forgiveness Platform Lender Submission Metrics | March 27
Data as of March 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
5,034,782 $215,110,791,022 4,992,198 $211,562,491,610
6,325,107 $270,576,398,547 79% of 2021 PPP loans have Forgiveness has been requested 78% 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
4,561 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 $11,200 100.0%
4,808 74.9% $11,200
$150,000-$1,999,999 302,460 $150,000-$1,999,999 $95,300
234,908 77.7% $95,500
99.8%
$50,001-$149,999 $41,700 99.8%
$50,001-$149,999 543,603 $41,800
474,081 87.2%
<= $50,000 $66,800 99.7%
<= $50,000 5,472,621 $67,000
4,320,985
79.0%
$- $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
March 28, 2022
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