BENWORTH CAPITAL
PPP Lender · 311,022 loans · $4.22B total · 54 states served
BENWORTH CAPITAL was one of the thousands of SBA-approved lenders that participated in the Paycheck Protection Program. During the program period (April 2020 – May 2021), the lender originated 311,022 PPP loans totaling $4.22B, representing approximately 2.71% of all loans nationwide.
BENWORTH CAPITAL served borrowers across 54 states. The largest concentration of activity was in Florida, where the lender originated 44,066 loans totaling $514.6M. Other states with significant activity included California, Georgia, Texas.
The average loan size for this lender was $13,577. This figure reflects the mix of borrower types — large companies, small businesses, sole proprietors, and non-profits — that applied through this institution. Lenders were responsible for collecting and verifying borrower certifications and submitting loan applications to the SBA's E-Tran system.
Among the largest named borrowers that received loans through BENWORTH CAPITAL were: ATLANTIC HOME HEALTH CARE LLC (AZ) — $1,920,050; SOFTWARE RESOURCES INC. (FL) — $1,730,707; CONSTRUCCIONES CONSOLINCA LLC (FL) — $1,268,016; and CONTEC AMERICAS INC. (FL) — $1,188,251.
PPP lenders were compensated through processing fees paid by the SBA rather than by borrowers. Fees ranged from 1% to 5% of the loan amount depending on loan size. Lenders were not required to take credit risk — the SBA provided a 100% guaranty on each loan. This structure incentivized broad participation but also contributed to documented cases of lender fraud and over-processing of applications.
Borrower names for loans under $150,000 are withheld under FOIA Exemption 6. As a result, the named recipients shown below represent only a fraction of this lender's total portfolio. The full loan count and amount figures include all loans in the SBA's data regardless of disclosure status.
Activity by State
| State | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Florida | 44,066 | $514.6M | 78.5% |
| California | 34,565 | $477.6M | 76.9% |
| Georgia | 33,563 | $492.9M | 74.3% |
| Texas | 23,857 | $308.8M | 77.2% |
| Illinois | 19,664 | $354.7M | 65.2% |
| New York | 18,841 | $249.3M | 72.4% |
| Ohio | 13,264 | $190.7M | 67.7% |
| Michigan | 9,266 | $130.4M | 62.7% |
| Louisiana | 8,569 | $113.4M | 72.6% |
| Pennsylvania | 7,642 | $106.8M | 67.9% |
| Mississippi | 7,174 | $97.8M | 74.4% |
| Tennessee | 6,820 | $85.8M | 73.2% |
| New Jersey | 6,815 | $85.1M | 73.9% |
| Alabama | 6,593 | $87.3M | 72.6% |
| Maryland | 6,248 | $77.9M | 77.3% |
| North Carolina | 5,966 | $80.6M | 72.7% |
| South Carolina | 5,873 | $76.5M | 73.0% |
| Indiana | 5,754 | $82.2M | 68.0% |
| Virginia | 5,034 | $57.7M | 74.6% |
| Nevada | 4,761 | $70.9M | 70.1% |
| Arizona | 4,310 | $65.6M | 70.8% |
| Massachusetts | 3,435 | $41.7M | 74.0% |
| Arkansas | 3,068 | $38.1M | 64.2% |
| Missouri | 2,998 | $45.1M | 66.3% |
| Wisconsin | 2,737 | $40.1M | 63.4% |
| Minnesota | 2,684 | $36.2M | 73.5% |
| Washington | 2,119 | $25.3M | 78.6% |
| Kentucky | 2,030 | $23.1M | 69.2% |
| Colorado | 1,857 | $24.7M | 76.7% |
| Connecticut | 1,493 | $18.9M | 74.0% |
| Oregon | 1,107 | $12.7M | 75.6% |
| Oklahoma | 1,090 | $13.5M | 66.5% |
| District of Columbia | 977 | $13.2M | 71.2% |
| Iowa | 871 | $13.9M | 55.7% |
| Delaware | 850 | $11.4M | 65.6% |
| Kansas | 717 | $9.8M | 60.1% |
| Utah | 661 | $7.5M | 75.9% |
| Rhode Island | 503 | $4.8M | 70.6% |
| Hawaii | 497 | $5.0M | 78.5% |
| Nebraska | 493 | $5.8M | 72.8% |
| West Virginia | 358 | $3.9M | 62.3% |
| New Mexico | 335 | $4.4M | 64.5% |
| Idaho | 317 | $3.7M | 73.2% |
| New Hampshire | 206 | $2.3M | 76.7% |
| North Dakota | 197 | $2.5M | 69.0% |
| Maine | 186 | $2.4M | 62.4% |
| South Dakota | 144 | $1.7M | 64.6% |
| Alaska | 140 | $1.7M | 67.1% |
| Montana | 135 | $1.3M | 73.3% |
| Wyoming | 69 | $846,879 | 56.5% |
| Vermont | 64 | $723,353 | 65.6% |
| U.S. Virgin Islands | 23 | $256,984 | 87.0% |
| Puerto Rico | 14 | $102,875 | 92.9% |
| Guam | 2 | $16,187 | 50.0% |