Forgiveness Platform Lender Submission Metrics, Data as of May 8 (SBA file date: 2022-05-09)
Summary
The May 9, 2022 edition uses data through May 8. At that point 88% of all PPP loans had forgiveness requests and 88% were fully or partially forgiven, with 91% of loan value forgiven in full or in part. The 2020 population is at 97% of loans, and the 2021 population at 81% of loans and 81% of its loan value. The report prints 4,743 lenders for all loans, 4,685 for 2020 loans and 4,550 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of May 8 (SBA file date: 2022-05-09).”
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Forgiveness Platform Lender Submission Metrics | May 8
Data as of May 8, 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
10,097,649 $729,240,782,428 10,042,996 $725,375,577,312
11,401,775 $788,537,687,588 88% of all PPP loans have Forgiveness has been requested
88% of all PPP loans have been 91% of the total PPP loan value has
submitted forgiveness for 92% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,743 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,245 >= $2,000,000 $111,024
94.6% 99.5%
33,330 $111,637
$150,000-$1,999,999 926,907 $150,000-$1,999,999 $365,330
868,117 93.7%
$367,997
99.3%
$50,001-$149,999 1,508,048 $50,001-$149,999 $125,377
1,447,921 96.0% 99.3%
$126,303
<= $50,000 8,931,575 <= $50,000 $127,509
7,748,281 98.6%
86.6% $129,327
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)
May 9, 2022
Forgiveness Platform Lender Submission Metrics | May 8
Data as of May 8, 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
4,916,628 $502,228,238,049 4,894,892 $501,103,549,499
5,075,612 $517,937,703,467 97% of 2020 PPP loans have Forgiveness has been requested 97% 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
4,685 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,822 >= $2,000,000 $98,769
28,059 97.4% 99.4%
$99,364
$150,000-$1,999,999 624,433 98.5% $150,000-$1,999,999 $262,528
615,004 $264,917
99.1%
$50,001-$149,999 964,330 $50,001-$149,999 $81,975
955,024 99.0% 99.0%
$82,815
96.0%
<= $50,000 3,458,027 <= $50,000 $58,956
3,318,541 $60,571 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
May 9, 2022
Forgiveness Platform Lender Submission Metrics | May 8
Data as of May 8, 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
5,181,021 $227,012,544,378 5,148,104 $224,272,027,813
6,326,163 $270,599,984,120 81% of 2021 PPP loans have Forgiveness has been requested 81% of the total 2021 PPP loan
81% of 2021 PPP loans have
submitted forgiveness for 82% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,550 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 $12,255 99.9%
5,271 82.1% $12,273
$150,000-$1,999,999 302,474 $150,000-$1,999,999 $102,801
253,113 83.7% $103,080
99.7%
$50,001-$149,999 $43,403 99.8%
$50,001-$149,999 543,718 $43,487
492,897 90.7%
<= $50,000 $68,553 99.7%
<= $50,000 5,473,548 $68,756
4,429,740
80.9%
$- $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
May 9, 2022
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