Forgiveness Platform Lender Submission Metrics, Data as of July 24 (SBA file date: 2022-07-24)
Summary
Published July 25, 2022 with data through July 24, 11:59 PM ET, this edition reports forgiveness requests for 91% of all PPP loans and full or partial forgiveness for 90%, equal to 95% of loan value. Among 2020 loans 97% have requests; among 2021 loans 86% do, and 90% of the 2021 loan value is forgiven. Lender counts are 4,721 for all loans, 4,663 for 2020 loans and 4,530 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of July 24 (SBA file date: 2022-07-24).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-53bdaf7463/
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Forgiveness Platform Lender Submission Metrics | July 24
Data as of July 24, 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
10,363,450 748,001,869,657 10,308,890 $745,998,937,303
11,381,581 $787,605,085,964 91% of all PPP loans have Forgiveness has been requested
90% of all PPP loans have been 95% of the total PPP loan value has
submitted forgiveness for 95% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,721 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,206 >= $2,000,000 $112,777 99.5%
96.8% $113,291
34,072
$150,000-$1,999,999 925,764 96.9% $150,000-$1,999,999 $376,668
897,006 $379,327
99.3%
$50,001-$149,999 1,506,465 98.0% $50,001-$149,999 $127,822 99.3%
1,475,697 $128,750
<= $50,000 8,914,146 <= $50,000 $130,735 98.6%
7,956,675 $132,613
89.3%
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 25, 2022
Forgiveness Platform Lender Submission Metrics | July 24
Data as of July 24, 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
4,927,345 $502,820,659,919 4,906,499 $502,989,310,197
5,057,241 $517,132,779,082 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
4,663 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,788
28,092 97.6% >= $2,000,000 $98,881 99.5%
$99,376
$150,000-$1,999,999 623,486
616,197 98.8% $150,000-$1,999,999 $262,826
$265,097
99.1%
$50,001-$149,999 962,890
955,945 99.3% $50,001-$149,999 $82,049 99.0%
$82,857
96.7%
<= $50,000 3,442,077
3,327,111 <= $50,000 $59,065
$60,696 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 25, 2022
Forgiveness Platform Lender Submission Metrics | July 24
Data as of July 24, 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
5,436,105 $245,181,209,737 5,402,391 $243,009,627,106
6,324,340 $270,472,306,882 86% of 2021 PPP loans have Forgiveness has been requested 90% of the total 2021 PPP loan
85% of 2021 PPP loans have
submitted forgiveness for 91% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,530 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,418 >= $2,000,000 $13,896 99.9%
93.2% $13,914
5,980
$150,000-$1,999,999 302,278 $150,000-$1,999,999 $113,841
92.9% $114,231
280,809
99.7%
$50,001-$149,999 $45,773 99.7%
$50,001-$149,999 543,575 $45,893
519,752 95.6%
<= $50,000 $71,670
<= $50,000 5,472,069 $71,917 99.7%
4,629,564
84.6%
$- $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 25, 2022
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