Forgiveness Platform Lender Submission Metrics, Data as of May 29 (SBA file date: 2022-05-29)
Summary
Dated May 31, 2022, this report reflects data as of May 29. It puts forgiveness requests at 89% of all PPP loans, with 89% fully or partially forgiven and 93% of loan value forgiven in full or in part. The 2020 loans are at 97% requested, and the 2021 loans are at 83% requested with 85% of their loan value forgiven. Lenders: 4,735 for all PPP loans, 4,677 for 2020 loans, 4,544 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of May 29 (SBA file date: 2022-05-29).”
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Forgiveness Platform Lender Submission Metrics | May 29
Data as of May 29, 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
10,170,468 $735,558,952,435 10,116,813 $732,006,703,825
11,398,326 $788,295,482,948 89% of all PPP loans have Forgiveness has been requested
89% of all PPP loans have been 93% of the total PPP loan value has
submitted forgiveness for 93% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,735 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,236 >= $2,000,000 $111,645 99.5%
33,596 95.3% $112,236
$150,000-$1,999,999 926,540 $150,000-$1,999,999 $369,312
94.8%
878,186 $371,992
99.3%
$50,001-$149,999 1,507,728 96.7% $50,001-$149,999 $126,256
1,457,868 99.3%
$127,183
<= $50,000 8,928,822 <= $50,000 $128,346
7,800,818 98.6%
87.4% $130,187
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)
May 31, 2022
Forgiveness Platform Lender Submission Metrics | May 29
Data as of May 29, 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
4,921,011 $502,483,424,928 4,899,831 $501,839,405,877
5,072,888 $517,733,354,630 97% of 2020 PPP loans have Forgiveness has been requested 97% 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
4,677 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,813 >= $2,000,000 $98,828
28,077 97.4% 99.4%
$99,400
$150,000-$1,999,999 624,117 98.6% $150,000-$1,999,999 $262,652
615,474 $265,014
99.1%
$50,001-$149,999 964,045 $50,001-$149,999 $82,003
955,375 99.1% 99.0%
$82,836
96.1%
<= $50,000 3,455,913 <= $50,000 $59,001
3,322,085 $60,628 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
May 31, 2022
Forgiveness Platform Lender Submission Metrics | May 29
Data as of May 29, 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
5,249,457 $233,075,527,506 5,216,982 $230,167,297,949
6,325,438 $270,562,128,317 83% of 2021 PPP loans have Forgiveness has been requested 85% of the total 2021 PPP loan
82% of 2021 PPP loans have
submitted forgiveness for 86% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,544 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 85.9% >= $2,000,000 $12,817 99.9%
5,519 $12,836
$150,000-$1,999,999 302,423 $150,000-$1,999,999 $106,660
86.9% $106,978
262,712
99.7%
$50,001-$149,999 $44,253 99.8%
$50,001-$149,999 543,683 92.4% $44,347
502,493
<= $50,000 $69,346 99.7%
<= $50,000 5,472,909 $69,560
4,478,733 81.8%
$- $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
May 31, 2022
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