Forgiveness Platform Lender Submission Metrics, Data as of January 23 (SBA file date: 2022-01-23)
Summary
Issued January 24, 2022 with data as of January 23, this report shows 83% of all PPP loans with forgiveness requests and 83% fully or partially forgiven; 86% of loan value is forgiven in full or in part. For the 2020 population 95% of loans have requests, and for the 2021 population 74% do, with 68% of value forgiven. It names 4,770 lenders for all PPP loans, 4,711 for 2020 loans and 4,569 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of January 23 (SBA file date: 2022-01-23).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-92ef51b121/
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Forgiveness Platform Lender Submission Metrics | January 23
Data as of January 23, 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
9,534,130 $688,682,113,289 9,450,861 $678,575,732,014
11,437,719 $790,349,510,576 83% of all PPP loans have Forgiveness has been requested
83% of all PPP loans have been 86% of the total PPP loan value has
submitted forgiveness for 87% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,770 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,300 >= $2,000,000 $107,281
31,789 90.1% $107,961 99.4%
$150,000-$1,999,999 929,602 $150,000-$1,999,999 $340,960
807,210 86.8% 99.3%
$343,535
$50,001-$149,999 1,511,466 91.5% $50,001-$149,999 $119,683
1,382,958 99.3%
$120,571
<= $50,000 8,961,351 <= $50,000 $120,758 98.6%
7,312,173
81.6% $122,414
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 24, 2022
Forgiveness Platform Lender Submission Metrics | January 23
Data as of January 23, 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
4,874,251 $499,484,719,481 4,849,386 $494,674,399,532
5,110,033 $519,679,947,947 95% of 2020 PPP loans have Forgiveness has been requested 95% of the total 2020 PPP loan
95% 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
4,711 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,877 96.6% >= $2,000,000 98,248
27,884 99.3%
98,920
$150,000-$1,999,999 627,046 97.4% $150,000-$1,999,999 261,072
610,569 263,501
99.1%
$50,001-$149,999 967,665 98.3% $50,001-$149,999 81,647
950,816 82,488 99.0%
94.2%
<= $50,000 3,486,445 <= $50,000 58,518 97.5%
3,284,982 60,040
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
January 24, 2022
Forgiveness Platform Lender Submission Metrics | January 23
Data as of January 23, 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
4,659,879 $189,197,393,808 4,601,475 $183,901,332,482
6,327,686 $270,669,562,629 74% of 2021 PPP loans have Forgiveness has been requested 68% of the total 2021 PPP loan
73% of 2021 PPP loans have
submitted forgiveness for 70% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,569 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 60.8% >= $2,000,000 9,033
9,041 99.9%
3,905
99.8%
$150,000-$1,999,999 $150,000-$1,999,999 79,887
302,556 65.0% 80,034
196,641
$50,001-$149,999 38,037 99.9%
$50,001-$149,999 543,801 79.5% 38,083
432,142
<= $50,000 62,240
<= $50,000 5,474,906 62,375 99.8%
4,027,191 73.6%
20,000 40,000 60,000 80,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
January 24, 2022
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