Forgiveness Platform Lender Submission Metrics, Data as of September 18 (SBA file date: 2022-09-18)
Summary
Dated October 25, 2022, this edition's data stops at September 18, 11:59 PM ET, well before the report date. Forgiveness has been requested for 92% of all PPP loans, 92% are fully or partially forgiven, and 96% of loan value is forgiven in full or in part. In the 2020 population 98% of loans have requests; in the 2021 population it is 88%, with 92% of loan value forgiven. The lenders requesting forgiveness are 4,715 (all loans), 4,656 (2020) and 4,523 (2021).
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“Forgiveness Platform Lender Submission Metrics, Data as of September 18 (SBA file date: 2022-09-18).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-6c0b894ff7/
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Forgiveness Platform Lender Submission Metrics | September 18
Data as of September 18, 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
10,494,746 $754,201,757,349 10,446,535 $753,392,134,113
11,358,197 $786,566,126,265 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
4,715 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,175 >= $2,000,000 $113,417 99.6%
97.6% $113,837
34,317
$150,000-$1,999,999 924,219 98.0% $150,000-$1,999,999 $379,813
905,421 $382,445
99.3%
$50,001-$149,999 1,504,782 98.7% $50,001-$149,999 $128,595 99.3%
1,484,538 $129,524
<= $50,000 8,894,021 <= $50,000 $132,376 98.6%
8,070,470 $134,271
90.7%
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 25, 2022
Forgiveness Platform Lender Submission Metrics | September 18
Data as of September 18, 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
4,932,092 $503,056,874,852 4,910,824 $503,655,077,505
5,039,488 $516,361,650,298 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
4,656 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,760
28,108 97.7% >= $2,000,000 $98,926
$99,322 99.6%
$150,000-$1,999,999 622,356
616,658 99.1% $150,000-$1,999,999 $262,942
$265,139
99.2%
$50,001-$149,999 961,758
956,324 99.4% $50,001-$149,999 $82,080
$82,875 99.0%
97.2%
<= $50,000 3,426,614
3,331,002 <= $50,000 $59,109
$60,725 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
October 25, 2022
Forgiveness Platform Lender Submission Metrics | September 18
Data as of September 18, 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
5,562,654 $251,144,882,497 5,535,711 $249,737,056,608
6,318,709 $270,204,475,968 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
4,523 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,415 >= $2,000,000 $14,491 99.8%
96.8% $14,515
6,209
$150,000-$1,999,999 $150,000-$1,999,999 $116,871
301,863 95.7% $117,306
288,763
99.6%
$50,001-$149,999 $46,515
$50,001-$149,999 543,024 $46,649 99.7%
528,214 97.3%
<= $50,000 $73,267 99.6%
<= $50,000 5,467,407 $73,546
4,739,468
86.7%
$- $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 25, 2022
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