Forgiveness Platform Lender Submission Metrics, Data as of May 22 (SBA file date: 2022-05-22)
Summary
Dated May 23, 2022, this report uses data as of May 22. Forgiveness has been requested on 89% of all PPP loans, 88% are fully or partially forgiven, and 92% of total loan value is forgiven in full or in part. The 2020 loans stand at 97% requested; the 2021 loans stand at 83% requested, with 84% of value forgiven. The lenders requesting forgiveness total 4,735 for all loans, 4,677 for 2020 loans and 4,544 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of May 22 (SBA file date: 2022-05-22).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-bba9c5fbb0/
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Forgiveness Platform Lender Submission Metrics | May 22
Data as of May 22, 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
10,148,801 $733,429,941,803 10,090,907 $729,776,450,844
11,399,056 $788,368,701,153 89% 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 93% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,735 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,239 >= $2,000,000 $111,416
95.1% 99.5%
33,514 $112,014
$150,000-$1,999,999 926,659 $150,000-$1,999,999 $367,944
874,771 94.4%
$370,620
99.3%
$50,001-$149,999 1,507,835 $50,001-$149,999 $125,972
1,454,690 96.5% 99.3%
$126,898
<= $50,000 8,929,323 <= $50,000 $128,098
7,785,826 98.6%
87.2% $129,929
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 23, 2022
Forgiveness Platform Lender Submission Metrics | May 22
Data as of May 22, 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
4,919,842 $502,402,189,521 4,898,373 $501,606,671,688
5,073,528 $517,797,238,982 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
4,677 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,816 >= $2,000,000 $98,807
28,072 97.4% 99.4%
$99,387
$150,000-$1,999,999 624,221 98.6% $150,000-$1,999,999 $262,613
615,314 $264,981
99.1%
$50,001-$149,999 964,138 $50,001-$149,999 $81,994
955,286 99.1% 99.0%
$82,830
96.1%
<= $50,000 3,456,353 <= $50,000 $58,989
3,321,170 $60,609 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
May 23, 2022
Forgiveness Platform Lender Submission Metrics | May 22
Data as of May 22, 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
5,228,959 $231,027,752,282 5,192,534 $228,169,779,156
6,325,528 $270,571,462,171 83% of 2021 PPP loans have Forgiveness has been requested 84% of the total 2021 PPP loan
82% of 2021 PPP loans have
submitted forgiveness for 85% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,544 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 $12,609 99.9%
5,442 84.7% $12,628
$150,000-$1,999,999 302,438 $150,000-$1,999,999 $105,332
259,457 85.8% $105,639
99.7%
$50,001-$149,999 $43,977 99.8%
$50,001-$149,999 543,697 $44,069
499,404 91.9%
<= $50,000 $69,109 99.7%
<= $50,000 5,472,970 $69,321
4,464,656
81.6%
$- $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 23, 2022
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