Forgiveness Platform Lender Submission Metrics, Data as of July 10 (SBA file date: 2022-07-10)
Summary
The July 11, 2022 report uses data through July 10. Of all PPP loans, 91% have forgiveness requests and 90% are fully or partially forgiven, covering 94% of total loan value. The 2020 loans are 97% requested. For 2021 loans, 85% are requested and 88% of the loan value is forgiven. It prints 4,724 lenders for all PPP loans, 4,667 for 2020 loans and 4,533 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of July 10 (SBA file date: 2022-07-10).”
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Forgiveness Platform Lender Submission Metrics | July 10
Data as of July 10, 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
10,321,645 $745,374,646,008 10,259,849 $742,613,903,075
11,388,107 $787,870,740,577 91% of all PPP loans have Forgiveness has been requested
90% of all PPP loans have been 94% 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
4,724 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,223 >= $2,000,000 $112,547 99.5%
33,969 96.4% $113,111
$150,000-$1,999,999 926,052 $150,000-$1,999,999 $375,110
893,010 96.4%
$377,785
99.3%
$50,001-$149,999 1,506,936 $50,001-$149,999 $127,505
97.7% 99.3%
1,472,110 $128,435
<= $50,000 8,919,896 <= $50,000 $130,212
7,922,556 98.6%
88.8% $132,091
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)
July 11, 2022
Forgiveness Platform Lender Submission Metrics | July 10
Data as of July 10, 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
4,926,068 $502,757,912,707 4,905,059 $502,689,702,249
5,063,376 $517,351,799,113 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
4,667 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,799
28,090 97.5% >= $2,000,000 $98,875 99.5%
$99,416
$150,000-$1,999,999 623,706
616,059 98.8% $150,000-$1,999,999 $262,792
$265,093
99.1%
$50,001-$149,999 963,316
955,830 99.2% $50,001-$149,999 $82,039 99.0%
$82,855
96.5%
<= $50,000 3,447,555
3,326,089 <= $50,000 $59,051
$60,696 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
July 11, 2022
Forgiveness Platform Lender Submission Metrics | July 10
Data as of July 10, 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
5,395,577 $242,616,733,301 5,354,790 $239,924,200,826
6,324,731 $270,518,941,465 85% of 2021 PPP loans have Forgiveness has been requested 88% of the total 2021 PPP loan
84% of 2021 PPP loans have
submitted forgiveness for 89% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,533 lenders have requested forgiveness for 2021 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 6,424 >= $2,000,000 $13,671 99.8%
91.5% $13,696
5,879
$150,000-$1,999,999 302,346 $150,000-$1,999,999 $112,318
91.6% $112,692
276,951
99.7%
$50,001-$149,999 $45,466 99.8%
$50,001-$149,999 543,620 95.0% $45,580
516,280
<= $50,000 $71,161
<= $50,000 5,472,341 $71,395 99.7%
4,596,467
84.0%
$- $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
July 11, 2022
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