Forgiveness Platform Lender Submission Metrics, Data as of August 07 (SBA file date: 2022-08-07)
Summary
The August 9, 2022 report carries data as of August 07. Forgiveness has been requested on 91% of all PPP loans and 91% are fully or partially forgiven, with 95% of loan value forgiven in full or in part. The 2020 population is at 97% requested; the 2021 population is at 86% requested, and 90% of its loan value is forgiven. The lenders that have requested forgiveness number 4,721 for all loans, 4,664 for 2020 loans and 4,530 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of August 07 (SBA file date: 2022-08-07).”
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Forgiveness Platform Lender Submission Metrics | August 07
Data as of August 07, 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
10,404,275 $750,271,328,990 10,345,101 $748,407,483,692
11,378,781 $787,342,115,079 91% 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 95% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,721 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,196 >= $2,000,000 $113,045 99.6%
97.1% $113,533
34,174
$150,000-$1,999,999 925,289 97.3% $150,000-$1,999,999 $377,885
900,136 $380,546
99.3%
$50,001-$149,999 1,506,084 98.2% $50,001-$149,999 $128,092 99.3%
1,478,759 $129,020
<= $50,000 8,912,212 <= $50,000 $131,249 98.6%
7,991,206 $133,132
89.7%
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)
August 9, 2022
Forgiveness Platform Lender Submission Metrics | August 07
Data as of August 07, 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
4,928,659 $502,909,746,379 4,907,523 $503,194,778,529
5,055,000 $516,905,297,896 97% 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
4,664 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,778
28,102 97.7% >= $2,000,000 $98,907 99.5%
$99,374
$150,000-$1,999,999 623,060
616,336 98.9% $150,000-$1,999,999 $262,868
$265,125
99.1%
$50,001-$149,999 962,619
956,027 99.3% $50,001-$149,999 $82,056 99.0%
$82,862
96.7%
<= $50,000 3,440,543
3,328,194 <= $50,000 $59,078
$60,702 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
August 9, 2022
Forgiveness Platform Lender Submission Metrics | August 07
Data as of August 07, 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
5,475,616 $247,361,582,611 5,437,578 $245,212,705,163
6,323,781 $270,436,817,183 86% of 2021 PPP loans have Forgiveness has been requested 90% of the total 2021 PPP loan
86% of 2021 PPP loans have
submitted forgiveness for 91% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,530 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,418 >= $2,000,000 $14,138 99.9%
94.6% $14,159
6,072
$150,000-$1,999,999 302,229 $150,000-$1,999,999 $115,017
93.9% $115,421
283,800
99.7%
$50,001-$149,999 $46,035 99.7%
$50,001-$149,999 543,465 $46,158
522,732 96.2%
<= $50,000 $72,171
<= $50,000 5,471,669 $72,430 99.6%
4,663,012
85.2%
$- $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
August 9, 2022
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