Forgiveness Platform Lender Submission Metrics, Data as of July 4 (SBA file date: 2022-07-04)
Summary
The July 5, 2022 report (data as of July 4) shows 90% of all PPP loans with forgiveness requests and 90% fully or partially forgiven; 94% of loan value is forgiven in full or in part. By vintage, 97% of 2020 loans have requests, compared with 85% of 2021 loans, whose forgiven value is 88%. The report lists 4,727 lenders for all PPP loans, 4,670 for 2020 loans and 4,536 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of July 4 (SBA file date: 2022-07-04).”
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Forgiveness Platform Lender Submission Metrics | July 4
Data as of July 4, 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
10,305,001 $744,259,650,722 10,246,053 $741,520,994,591
11,390,136 $787,915,467,564 90% of all PPP loans have Forgiveness has been requested
90% of all PPP loans have been 94% of the total PPP loan value has
submitted forgiveness for 94% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,727 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,223 >= $2,000,000 $112,437 99.5%
33,923 96.3% $112,994
$150,000-$1,999,999 926,104 $150,000-$1,999,999 $374,448
891,375 96.2%
$377,113
99.3%
$50,001-$149,999 1,507,005 $50,001-$149,999 $127,371
97.6% 99.3%
1,470,578 $128,302
<= $50,000 8,921,804 <= $50,000 $130,004
7,909,125 98.6%
88.6% $131,880
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)
July 5, 2022
Forgiveness Platform Lender Submission Metrics | July 4
Data as of July 4, 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
4,925,606 $502,726,876,668 4,904,683 $502,591,351,224
5,065,277 $517,392,519,287 97% 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
4,670 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,800
28,087 97.5% >= $2,000,000 $98,867 99.5%
$99,401
$150,000-$1,999,999 623,750
615,994 98.8% $150,000-$1,999,999 $262,777
$265,078
99.1%
$50,001-$149,999 963,374
955,792 99.2% $50,001-$149,999 $82,036 99.0%
$82,855
96.4%
<= $50,000 3,449,353
3,325,733 <= $50,000 $59,046
$60,691 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
July 5, 2022
Forgiveness Platform Lender Submission Metrics | July 4
Data as of July 4, 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
5,379,395 $241,532,774,053 5,341,370 $238,929,643,367
6,324,859 $270,522,948,277 85% of 2021 PPP loans have Forgiveness has been requested 88% of the total 2021 PPP loan
84% of 2021 PPP loans have
submitted forgiveness for 89% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,536 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 $13,570 99.8%
90.9% $13,592
5,836
$150,000-$1,999,999 302,354 $150,000-$1,999,999 $111,671
91.1% $112,035
275,381
99.7%
$50,001-$149,999 $45,335 99.8%
$50,001-$149,999 543,631 94.7% $45,446
514,786
<= $50,000 $70,958
<= $50,000 5,472,451 $71,189 99.7%
4,583,392
83.8%
$- $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
July 5, 2022
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