Forgiveness Platform Lender Submission Metrics, Data as of February 06 (SBA file date: 2022-02-06)
Summary
The February 7, 2022 report, with data as of February 06, shows 84% of all PPP loans with forgiveness requests and 83% fully or partially forgiven; 87% of total loan value is forgiven in full or in part. The 2020 loans are at 96% requested, and the 2021 loans are at 75% requested with 70% of value forgiven. Lender totals: 4,766 for all PPP loans, 4,708 for 2020 loans and 4,565 for 2021 loans.
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“Forgiveness Platform Lender Submission Metrics, Data as of February 06 (SBA file date: 2022-02-06).”
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Forgiveness Platform Lender Submission Metrics | February 06
Data as of February 06, 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
9,652,087 $696,477,721,077 9,571,282 $687,832,307,835
11,432,271
$790,030,253,714 84% of all PPP loans have Forgiveness has been requested
83% of all PPP loans have been 87% of the total PPP loan value has
submitted forgiveness for 88% of the total loan value of
fully or partially forgiven been forgiven, in full or in part
applications all PPP loans
4,766 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,298 >= $2,000,000 $107,846
32,018 90.7% $108,535 99.4%
$150,000-$1,999,999 928,972 $150,000-$1,999,999 $344,986
817,395 88.0% 99.3%
$347,584
$50,001-$149,999 1,511,068 92.3% $50,001-$149,999 $120,695
1,394,335 99.3%
$121,597
<= $50,000 8,957,888 <= $50,000 $122,079 98.7%
7,397,690
82.6% $123,747
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000
$- $100,000,000,000 $200,000,000,000 $300,000,000,000 $400,000,000,000
% Submitted Total Loans Submissions
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
February 7, 2022
Forgiveness Platform Lender Submission Metrics | February 06
Data as of February 06, 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
4,884,069 $500,189,177,331 4,860,500 $496,553,187,646
5,105,291 $519,383,155,915 96% of 2020 PPP loans have Forgiveness has been requested 96% of the total 2020 PPP loan
95% of 2020 PPP loans have
submitted forgiveness for 96% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2020 PPP loans in part
4,708 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,876 96.6% >= $2,000,000 98,305
27,902 99.3%
98,984
$150,000-$1,999,999 626,600 97.6% $150,000-$1,999,999 261,305
611,316 263,740
99.1%
$50,001-$149,999 967,395 98.4% $50,001-$149,999 81,716
951,546 82,563 99.0%
94.4%
<= $50,000 3,484,285 <= $50,000 58,580 97.5%
3,289,353 60,106
0 1,000,000 2,000,000 3,000,000 4,000,000 50,000 100,000 150,000 200,000 250,000 300,000
% Submitted Total Loans Submissions % of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
February 7, 2022
Forgiveness Platform Lender Submission Metrics | February 06
Data as of February 06, 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
4,768,018 $196,288,543,746 4,710,782 $191,279,120,189
6,326,980 $270,647,097,800 75% of 2021 PPP loans have Forgiveness has been requested 70% of the total 2021 PPP loan
74% of 2021 PPP loans have
submitted forgiveness for 72% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,565 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 62.6% >= $2,000,000 9,298
9,305 99.9%
4,018
99.8%
$150,000-$1,999,999 302,549 $150,000-$1,999,999 82,044
66.7% 82,201
201,903
$50,001-$149,999 38,577 99.9%
$50,001-$149,999 543,797 80.6% 38,628
438,221
<= $50,000 63,030 99.8%
<= $50,000 5,474,474 63,166
4,078,598
74.5%
20,000 40,000 60,000 80,000
0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000
% of Loan Value Forgiven Submission Value ($M) Loan Value ($M)
% Submitted Total Loans Submissions
February 7, 2022
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