Forgiveness Platform Lender Submission Metrics, Data as of March 20 (SBA file date: 2022-03-20)
Summary
A March 21, 2022 report with data as of March 20. In the total population, 87% of loans have forgiveness requests and 86% are fully or partially forgiven; the forgiven share of loan value is 90%. The 2020 loans are 96% requested, and the 2021 loans are 79% requested with 77% of value forgiven. The number of lenders requesting forgiveness is 4,760 for all PPP loans, 4,702 for 2020 loans and 4,560 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of March 20 (SBA file date: 2022-03-20).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-5d24e36e7c/
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Forgiveness Platform Lender Submission Metrics | March 20
Data as of March 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
9,904,593 $714,038,103,734 9,840,736 $708,006,998,330
11,416,325 $789,157,740,536 87% of all PPP loans have Forgiveness has been requested
86% of all PPP loans have been 90% of the total PPP loan value has
submitted forgiveness for 90% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,760 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,259 >= $2,000,000 $110,000
92.8% 100.0%
32,716 $110,000
$150,000-$1,999,999 927,745 $150,000-$1,999,999 $356,000
844,730 91.1%
$358,000
99.4%
$50,001-$149,999 1,509,039 $50,001-$149,999 $123,000
1,423,918 94.4% 99.2%
$124,000
<= $50,000 8,944,282 <= $50,000 $125,000
7,603,229 98.4%
85.0% $127,000
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)
March 21, 2022
Forgiveness Platform Lender Submission Metrics | March 20
Data as of March 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
4,901,336 $501,293,623,649 4,879,945 $498,993,455,383
5,091,163 $518,581,292,564 96% of 2020 PPP loans have Forgiveness has been requested 96% 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
4,702 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,836 >= $2,000,000 $98,600
27,989 97.1% 99.4%
$99,200
$150,000-$1,999,999 625,285 98.1% $150,000-$1,999,999 $262,000
613,436 $264,000
99.2%
$50,001-$149,999 965,428 $50,001-$149,999 $81,900
953,428 98.8% 99.0%
$82,700
95.2%
<= $50,000 3,471,614 <= $50,000 $58,800 97.5%
3,306,483 $60,300
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
March 21, 2022
Forgiveness Platform Lender Submission Metrics | March 20
Data as of March 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
5,003,257 $212,744,480,085 4,960,791 $209,013,542,947
6,325,162 $270,576,447,972 79% of 2021 PPP loans have Forgiveness has been requested 77% of the total 2021 PPP loan
78% of 2021 PPP loans have
submitted forgiveness for 79% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,560 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 $11,000 99.1%
4,727 73.6% $11,100
$150,000-$1,999,999 302,460 $150,000-$1,999,999 $93,800
231,294 76.5% $94,000
99.8%
$50,001-$149,999 $41,400 99.8%
$50,001-$149,999 543,611 $41,500
470,490 86.5%
<= $50,000 $66,400 99.7%
<= $50,000 5,472,668 $66,600
4,296,746
78.5%
$- $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
March 21, 2022
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