Forgiveness Platform Lender Submission Metrics, Data as of September 11 (SBA file date: 2022-09-11)
Summary
The September 13, 2022 report uses data as of September 11. Across all PPP loans, 92% have forgiveness requests and 91% are fully or partially forgiven, with 95% of total loan value forgiven in full or in part. Requests cover 98% of 2020 loans and 88% of 2021 loans, and 92% of the 2021 loan value has been forgiven. By lender counts, 4,718 cover all PPP loans, 4,659 cover 2020 loans and 4,527 cover 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of September 11 (SBA file date: 2022-09-11).”
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Forgiveness Platform Lender Submission Metrics | September 11
Data as of September 11, 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
10,482,553 $753,724,422,341 10,436,367 $752,833,627,955
11,361,873 $786,755,454,090 92% of all PPP loans have Forgiveness has been requested
91% of all PPP loans have been 95% 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
4,718 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,178 >= $2,000,000 $113,385
97.5% 99.6%
34,304 $113,808
$150,000-$1,999,999 924,575 $150,000-$1,999,999 $379,570
97.9%
904,747 $382,216
99.3%
$50,001-$149,999 1,505,114 98.6% $50,001-$149,999 $128,537
$129,468 99.3%
1,483,859
<= $50,000 8,897,006 <= $50,000 $132,234 98.6%
8,059,643 $134,120
90.6%
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)
September 13, 2022
Forgiveness Platform Lender Submission Metrics | September 11
Data as of September 11, 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
4,931,424 $503,044,984,643 4,910,385 $503,570,569,825
5,041,506 $516,471,320,246 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
4,659 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,761
28,108 97.7% >= $2,000,000 $98,926
$99,326 99.6%
$150,000-$1,999,999 622,579
616,616 99.0% $150,000-$1,999,999 $262,936
$265,149
99.2%
$50,001-$149,999 961,931
956,278 99.4% $50,001-$149,999 $82,077
$82,874 99.0%
97.1%
<= $50,000 3,428,235
3,330,422 <= $50,000 $59,106
$60,718 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
September 13, 2022
Forgiveness Platform Lender Submission Metrics | September 11
Data as of September 11, 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
5,551,129 $250,679,437,698 5,525,982 $249,263,058,131
6,320,367 $270,284,133,844 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
4,527 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,417 >= $2,000,000 $14,458 99.8%
96.6% $14,482
6,196
$150,000-$1,999,999 $150,000-$1,999,999 $116,634
301,996 95.4% $117,068
288,131
99.6%
$50,001-$149,999 $46,460
$50,001-$149,999 543,183 $46,595 99.7%
527,581 97.1%
<= $50,000 $73,128 99.6%
<= $50,000 5,468,771 $73,402
4,729,221
86.5%
$- $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
September 13, 2022
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