Forgiveness Platform Lender Submission Metrics, Data as of January 02 (SBA file date: 2022-01-02)
Summary
An early-January report: it is dated January 4, 2022, with data as of January 02. For all PPP loans, 82% have forgiveness requests and 80% are fully or partially forgiven; 84% of loan value is forgiven in full or in part. Requests reach 95% of 2020 loans but 71% of 2021 loans, and 63% of the 2021 loan value is forgiven. The lenders requesting forgiveness number 4,783 for all loans, 4,724 for 2020 loans and 4,575 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of January 02 (SBA file date: 2022-01-02).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-9187ee96d6/
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Forgiveness Platform Lender Submission Metrics | January 02
Data as of January 02, 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
9,328,875 $676,061,789,015 9,144,781 $661,494,499,397
11,448,134 $790,921,572,358 82% of all PPP loans have Forgiveness has been requested
80% of all PPP loans have been 84% of the total PPP loan value has
submitted forgiveness for 85% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,783 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,308 >= $2,000,000 $106,165
31,332 88.7% $106,817 99.4%
$150,000-$1,999,999 930,642 $150,000-$1,999,999 $334,011
789,972 84.9% 99.2%
$336,554
$50,001-$149,999 1,512,478 89.9% $50,001-$149,999 $117,703
1,360,186 99.3%
$118,582
<= $50,000 8,969,706 <= $50,000 $118,183 98.7%
7,147,385
79.7% $119,792
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
$- $100,000,000,000 $200,000,000,000 $300,000,000,000 $400,000,000,000
% Submitted Total Loans Submissions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
January 4, 2022
Forgiveness Platform Lender Submission Metrics | January 02
Data as of January 02, 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
4,854,724 $498,470,253,971 4,789,181 $491,766,525,840
5,120,397 $520,236,105,846 95% of 2020 PPP loans have Forgiveness has been requested 95% of the total 2020 PPP loan
94% of 2020 PPP loans have
submitted forgiveness for 96% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,724 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,884 96.3% >= $2,000,000 98,084
27,829 99.3%
98,730
$150,000-$1,999,999 628,072 97.0% $150,000-$1,999,999 260,616
609,209 263,037
99.1%
$50,001-$149,999 968,670 97.9% $50,001-$149,999 81,493
948,782 82,331 99.0%
93.5%
<= $50,000 3,494,771 <= $50,000 58,278 97.5%
3,268,904 59,769
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
January 4, 2022
Forgiveness Platform Lender Submission Metrics | January 02
Data as of January 02, 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
4,474,151 $177,591,535,043 4,355,600 $169,727,973,556
6,327,737 $270,685,466,512 71% of 2021 PPP loans have Forgiveness has been requested 63% of the total 2021 PPP loan
69% of 2021 PPP loans have
submitted forgiveness for 66% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,575 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,424 54.5% >= $2,000,000 8,081
8,087 99.9%
3,503
99.8%
$150,000-$1,999,999 302,570 $150,000-$1,999,999 73,396
59.7% 73,518
180,763
$50,001-$149,999 36,210 99.9%
$50,001-$149,999 543,808 75.7% 36,251
411,404
<= $50,000 59,905 99.8%
<= $50,000 5,474,935 60,023
3,878,481
70.8%
20,000 40,000 60,000 80,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
January 4, 2022
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