Forgiveness Platform Lender Submission Metrics, Data as of October 02 (SBA file date: 2022-10-02)
Summary
One of the last reports in the series, it is dated October 27, 2022, but its data is stamped October 02. Of all PPP loans, 92% have forgiveness requests and 92% are fully or partially forgiven, and 96% of total loan value is forgiven in full or in part. The 2020 loans are 98% requested. For 2021 loans, 88% are requested and 92% of loan value is forgiven. Lender counts are 4,713 for all loans, 4,654 for 2020 and 4,521 for 2021.
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“Forgiveness Platform Lender Submission Metrics, Data as of October 02 (SBA file date: 2022-10-02).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-346e5a7013/
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Forgiveness Platform Lender Submission Metrics | October 02
Data as of October 02, 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
10,516,311 $754,993,096,491 10,469,220 $754,468,961,274
11,350,264 $786,249,793,453 92% of all PPP loans have Forgiveness has been requested
92% of all PPP loans have been 96% of the total PPP loan value has
submitted forgiveness for 96% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,713 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,165 >= $2,000,000 $113,456
97.7% 99.6%
34,339 $113,859
$150,000-$1,999,999 923,773 $150,000-$1,999,999 $380,210
98.1%
906,566 $382,823
99.3%
$50,001-$149,999 1,504,320 98.8% $50,001-$149,999 $128,686
$129,611 99.3%
1,485,543
<= $50,000 8,887,006 <= $50,000 $132,640 98.6%
8,089,863 $134,535
91.0%
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)
October 27, 2022
Forgiveness Platform Lender Submission Metrics | October 02
Data as of October 02, 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
4,932,660 $503,074,199,071 4,911,662 $503,774,119,308
5,036,302 $516,221,541,444 98% of 2020 PPP loans have Forgiveness has been requested 97% of the total 2020 PPP loan
97% 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
4,654 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,749
28,109 97.8% >= $2,000,000 $98,927
$99,301 99.6%
$150,000-$1,999,999 622,212
616,726 99.1% $150,000-$1,999,999 $262,954
$265,130
99.2%
$50,001-$149,999 961,616
956,303 99.4% $50,001-$149,999 $82,079
$82,868 99.0%
97.3%
<= $50,000 3,423,725
3,331,522 <= $50,000 $59,114
$60,719 97.4%
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
October 27, 2022
Forgiveness Platform Lender Submission Metrics | October 02
Data as of October 02, 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
5,583,651 $251,918,897,421 5,557,558 $250,694,841,966
6,313,962 $270,028,252,009 88% of 2021 PPP loans have Forgiveness has been requested 92% of the total 2021 PPP loan
87% of 2021 PPP loans have
submitted forgiveness for 92% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,521 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,416 >= $2,000,000 $14,529
97.1% $14,558 99.8%
6,230
$150,000-$1,999,999 $117,256
$150,000-$1,999,999 301,561 96.1% $117,692
289,840
99.6%
$50,001-$149,999 $46,608
$50,001-$149,999 542,704 $46,744 99.7%
529,240 97.5%
<= $50,000 $73,526
$73,816 99.6%
<= $50,000 5,463,281
4,758,341
87.1%
$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
October 27, 2022
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