Forgiveness Platform Lender Submission Metrics, Data as of March 13 (SBA file date: 2022-03-13)
Summary
Issued March 14, 2022 with data as of March 13, this report finds 86% of all PPP loans with forgiveness requests and 86% fully or partially forgiven; 89% of loan value is forgiven in full or in part. The 2020 loans are at 96% requested, and the 2021 loans are at 79% requested with 76% of value forgiven. The report counts 4,760 lenders for all PPP loans, 4,702 for 2020 loans and 4,560 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of March 13 (SBA file date: 2022-03-13).”
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Forgiveness Platform Lender Submission Metrics | March 13
Data as of March 13, 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
9,870,657 $711,411,250,249 9,803,432 $705,020,126,002
11,418,361 $789,284,948,483 86% of all PPP loans have Forgiveness has been requested
86% of all PPP loans have been 89% of the total PPP loan value has
submitted forgiveness for 90% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,760 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,268 >= $2,000,000 $109,000
92.5% 99.1%
32,608 $110,000
$150,000-$1,999,999 927,880 $150,000-$1,999,999 $354,000
840,773 90.6%
$357,000
99.2%
$50,001-$149,999 1,509,268 $50,001-$149,999 $123,000
1,419,639 94.1% 99.2%
$124,000
<= $50,000 8,945,945 <= $50,000 $125,000
7,577,637 98.4%
84.7% $127,000
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)
March 14, 2022
Forgiveness Platform Lender Submission Metrics | March 13
Data as of March 13, 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
4,898,734 $501,102,290,208 4,877,100 $498,599,604,298
5,093,145 $518,700,522,174 96% of 2020 PPP loans have Forgiveness has been requested 96% of the total 2020 PPP loan
96% 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
4,702 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,845 >= $2,000,000 $98,500
27,974 97.0% 99.3%
$99,200
$150,000-$1,999,999 625,414 98.0% $150,000-$1,999,999 $262,000
613,121 $264,000
99.2%
$50,001-$149,999 965,649 $50,001-$149,999 $81,900
953,191 98.7% 99.0%
$82,700
95.1%
<= $50,000 3,473,237 <= $50,000 $58,800 97.5%
3,304,448 $60,300
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
March 14, 2022
Forgiveness Platform Lender Submission Metrics | March 13
Data as of March 13, 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
4,971,923 $210,308,960,041 4,926,332 $206,420,521,704
6,325,216 $270,584,426,309 79% of 2021 PPP loans have Forgiveness has been requested 76% of the total 2021 PPP loan
78% of 2021 PPP loans have
submitted forgiveness for 78% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,560 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 >= $2,000,000 $10,800 100.0%
4,634 72.1% $10,800
$150,000-$1,999,999 302,466 $150,000-$1,999,999 $92,400
227,652 75.3% $92,500
99.9%
$50,001-$149,999 $41,100 100.0%
$50,001-$149,999 543,619 $41,100
466,448 85.8%
<= $50,000 $66,100 99.8%
<= $50,000 5,472,708 $66,200
4,273,189
78.1%
$- $20,000 $40,000 $60,000 $80,000 $100,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
Millions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
March 14, 2022
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