Forgiveness Platform Lender Submission Metrics, Data as of June 05 (SBA file date: 2022-06-05)
Summary
Issued June 6, 2022 with data as of June 05, this report shows 89% of all PPP loans with forgiveness requests and 89% fully or partially forgiven; 93% of loan value is forgiven in full or in part. Requests cover 97% of 2020 loans and 83% of 2021 loans, and 85% of the 2021 loan value is forgiven. The lenders requesting forgiveness are 4,734 for all loans, 4,676 for 2020 loans and 4,543 for 2021 loans.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Forgiveness Platform Lender Submission Metrics, Data as of June 05 (SBA file date: 2022-06-05).”
Original at legacy.sba.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/sba-2022-ppp-forgiveness-platform-lender-submission-metrics-reports-20-ed31650f7f/
, SHA-256 73a81e878ead03e9552490450afcc4e967ed13bdf7072d315f40d6846ea316bc.Full text
Forgiveness Platform Lender Submission Metrics | June 05
Data as of June 05, 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
10,198,618 $737,375,581,448 10,121,179 $732,452,323,361
11,397,654 $788,248,638,715 89% of all PPP loans have Forgiveness has been requested
89% of all PPP loans have been 93% 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
4,734 lenders have requested forgiveness for all PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 35,236 >= $2,000,000 $111,802 99.5%
33,662 95.5% $112,395
$150,000-$1,999,999 926,461 $150,000-$1,999,999 $370,379
95.1%
880,900 $373,051
99.3%
$50,001-$149,999 1,507,667 96.9% $50,001-$149,999 $126,504
1,460,666 99.3%
$127,434
<= $50,000 8,928,290 <= $50,000 $128,691
7,823,390 98.6%
87.6% $130,535
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)
June 6, 2022
Forgiveness Platform Lender Submission Metrics | June 05
Data as of June 05, 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
4,922,186 $502,535,068,968 4,900,027 $501,877,685,016
5,072,291 $517,688,356,998 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
4,676 lenders have requested forgiveness for 2020 PPP loans
Number of Submissions, by Loan Amount Value of Submissions, by Dollar Amount
>= $2,000,000 28,812
28,077 97.4% >= $2,000,000 $98,825 99.4%
$99,396
$150,000-$1,999,999 624,048
615,578 98.6% $150,000-$1,999,999 $262,685
$265,031
99.1%
$50,001-$149,999 963,985
955,500 99.1% $50,001-$149,999 $82,013 99.0%
$82,842
96.2%
<= $50,000 3,455,446
3,323,031 <= $50,000 $59,013
$60,641 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
June 6, 2022
Forgiveness Platform Lender Submission Metrics | June 05
Data as of June 05, 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
5,276,432 $234,840,512,480 5,221,152 $230,574,638,345
6,325,363 $270,560,281,717 83% of 2021 PPP loans have Forgiveness has been requested 85% of the total 2021 PPP loan
82% of 2021 PPP loans have
submitted forgiveness for 87% of the total loan value of value has been forgiven, in full or
been fully or partially forgiven
applications 2021 PPP loans in part
4,543 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 $12,977 99.8%
86.9% $13,000
5,585
$150,000-$1,999,999 302,413 $150,000-$1,999,999 $107,694
87.7% $108,020
265,322
99.7%
$50,001-$149,999 $44,491 99.8%
$50,001-$149,999 543,682 92.9% $44,592
505,166
<= $50,000 $69,678 99.7%
<= $50,000 5,472,844 $69,894
4,500,359 82.2%
$- $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
June 6, 2022
File and source
- File
- 2022.06.05_Weekly-Forgiveness-Report_Public-508.pdf
- Size
- 150,583 bytes
- SHA-256
- 73a81e878ead03e9552490450afcc4e967ed13bdf7072d315f40d6846ea316bc
- Original
- legacy.sba.gov