Fintech lenders generally have higher rates of unforgiven loans

Forgiveness rates vary widely among the thousands of lenders handling PPP loans. Among the top loan servicers, financial technology companies have largely forgiven smaller portions of their loans than traditional banks. This graph shows the percentage of loans not forgiven among the 20 loan servicers with the highest count of loans.

Note: Data current as of Jan. 1. Fintech and traditional classifications were provided by University of Texas researchers.

Source: NPR analysis of Small Business Administration data

Credit: Connie Hanzhang Jin/NPR