Forgiveness Platform Lender Submission Metrics, Data as of May 1 (SBA file date: 2022-05-02)
Summary
The May 2, 2022 edition reports data as of May 1. Of all PPP loans, 88% have forgiveness requests and 88% are fully or partially forgiven; 92% of total loan value is forgiven in full or in part. Requests reach 97% of 2020 loans and 82% of 2021 loans, and 82% of the 2021 loan value is forgiven. Lenders requesting forgiveness: 4,746 for all loans, 4,688 for 2020 loans and 4,552 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of May 1 (SBA file date: 2022-05-02).”
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Forgiveness Platform Lender Submission Metrics | May 1
Data as of May 1, 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
10,074,033 $727,181,757,355 10,014,612 $723,073,525,445
11,403,213 $788,626,441,590 88% of all PPP loans have Forgiveness has been requested
88% of all PPP loans have been 92% of the total PPP loan value has
submitted forgiveness for 92% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,746 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,245 >= $2,000,000 $110,859
94.4% 99.5%
33,257 $111,469
$150,000-$1,999,999 927,071 $150,000-$1,999,999 $364,003
864,738 93.3%
$366,665
99.3%
$50,001-$149,999 1,508,162 $50,001-$149,999 $125,079
1,444,506 95.8% 99.3%
$126,000
<= $50,000 8,932,735 <= $50,000 $127,241
7,731,532 98.6%
86.6% $129,037
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)
May 2, 2022
Forgiveness Platform Lender Submission Metrics | May 1
Data as of May 1, 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
4,914,555 $502,106,678,821 4,892,934 $500,801,087,095
5,076,756 $518,015,432,015 97% of 2020 PPP loans have Forgiveness has been requested 97% 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
4,688 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,822 >= $2,000,000 $98,748
28,052 97.3% 99.4%
$99,341
$150,000-$1,999,999 624,587 98.4% $150,000-$1,999,999 $262,461
614,784 $264,856
99.1%
$50,001-$149,999 964,436 $50,001-$149,999 $81,959
954,797 99.0% 99.0%
$82,800
95.9%
<= $50,000 3,458,911 <= $50,000 $58,938 97.4%
3,316,922 $60,537
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
May 2, 2022
Forgiveness Platform Lender Submission Metrics | May 1
Data as of May 1, 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
5,159,478 $225,075,078,534 5,121,678 $222,272,438,350
6,326,457 $270,611,009,575 82% of 2021 PPP loans have Forgiveness has been requested 82% of the total 2021 PPP loan
81% of 2021 PPP loans have
submitted forgiveness for 83% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,552 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 $12,110 99.9%
5,205 81.0% $12,128
$150,000-$1,999,999 302,484 $150,000-$1,999,999 $101,542
249,954 82.6% $101,810
99.7%
$50,001-$149,999 $43,119 99.8%
$50,001-$149,999 543,726 $43,200
489,709 90.1%
<= $50,000 $68,304 99.7%
<= $50,000 5,473,824 $68,499
4,414,610
80.6%
$- $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
May 2, 2022
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