Forgiveness Platform Lender Submission Metrics, Data as of February 20 (SBA file date: 2022-02-21)
Summary
This lender submission report is dated February 22, 2022, with data as of February 20. Of all PPP loans, 85% have forgiveness requests and 85% are fully or partially forgiven; 88% of total loan value is forgiven in full or in part. Requests cover 96% of 2020 loans and 77% of 2021 loans, and 73% of the 2021 loan value is forgiven. By lenders, 4,766 have requested forgiveness 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 20 (SBA file date: 2022-02-21).”
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Forgiveness Platform Lender Submission Metrics | February 20
Data as of February 20, 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
9,758,832 $703,344,518,431 9,679,431 $695,581,269,282
11,427,757 $789,776,462,485 85% 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 35,286 >= $2,000,000 $122,000
32,302 91.5% $123,000 99.2%
$150,000-$1,999,999 928,485 $150,000-$1,999,999 $349,000
828,707 89.3%
$352,000
99.1%
$50,001-$149,999 1,510,441 $50,001-$149,999 $109,000
1,406,435 93.1% 100.0%
$109,000
<= $50,000 8,953,545 <= $50,000 $124,000
7,491,388 99.2%
83.7% $125,000
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
$- $100,000,000,000 $200,000,000,000 $300,000,000,000 $400,000,000,000
% Submitted Total Loans Submissions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
February 22, 2022
Forgiveness Platform Lender Submission Metrics | February 20
Data as of February 20, 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
4,890,483 $500,610,130,143 4,868,284 497,473,704,770
5,100,856 519,135,302,891 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 28,863 >= $2,000,000 98,400
27,937 96.8% 99.3%
99,100
$150,000-$1,999,999 625,950 97.8% $150,000-$1,999,999 262,000
612,421 264,000
99.2%
$50,001-$149,999 966,655 $50,001-$149,999 81,800
952,480 98.5% 82,600 99.0%
94.8%
<= $50,000 3,479,388 <= $50,000 58,700
3,297,645 97.5%
60,200
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
February 22, 2022
Forgiveness Platform Lender Submission Metrics | February 20
Data as of February 20, 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
4,868,349 $202,734,388,287 4,811,147 $198,107,564,511
6,326,901 $270,641,159,594 77% of 2021 PPP loans have Forgiveness has been requested 73% of the total 2021 PPP loan
76% of 2021 PPP loans have
submitted forgiveness for 75% 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 10,200 100.0%
4,365 68.0% 10,200
$150,000-$1,999,999 302,535 $150,000-$1,999,999 87,800
216,286 71.5% 88,000
99.8%
$50,001-$149,999 40,000 100.0%
$50,001-$149,999 543,786 40,000
453,955 83.5%
<= $50,000 64,800 99.7%
<= $50,000 5,474,157 65,000
4,193,743
76.6%
20,000 40,000 60,000 80,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
February 22, 2022
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