CLEAR MOUNTAIN BANK
PPP Lender · 1,314 loans · $66.0M total · 19 states served
CLEAR MOUNTAIN BANK 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 1,314 PPP loans totaling $66.0M, representing approximately 0.01% of all loans nationwide.
CLEAR MOUNTAIN BANK served borrowers across 19 states. The largest concentration of activity was in West Virginia, where the lender originated 987 loans totaling $52.5M. Other states with significant activity included Maryland, Pennsylvania, North Carolina.
The average loan size for this lender was $50,243. 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 CLEAR MOUNTAIN BANK were: LONGVIEW POWER LLC (WV) — $2,000,000; WOLFE'S EXCAVATING LLC (WV) — $1,926,235; WOLFE'S EXCAVATING, LLC (WV) — $1,926,200; and MONONGALIA HOME CORPORATION (WV) — $1,660,500.
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 |
|---|---|---|---|
| West Virginia | 987 | $52.5M | 99.8% |
| Maryland | 169 | $4.5M | 99.4% |
| Pennsylvania | 58 | $4.9M | 100.0% |
| North Carolina | 48 | $1.5M | 100.0% |
| Texas | 14 | $322,528 | 100.0% |
| Virginia | 6 | $153,854 | 100.0% |
| Georgia | 6 | $1.6M | 100.0% |
| South Carolina | 4 | $66,684 | 100.0% |
| Ohio | 3 | $53,848 | 100.0% |
| New Jersey | 3 | $151,123 | 100.0% |
| Florida | 3 | $47,206 | 100.0% |
| California | 3 | $57,078 | 100.0% |
| Wyoming | 2 | $108,767 | 100.0% |
| Vermont | 2 | $27,932 | 100.0% |
| Tennessee | 2 | $49,479 | 100.0% |
| New York | 1 | $6,500 | 100.0% |
| Nevada | 1 | $20,833 | 100.0% |
| Louisiana | 1 | $13,333 | 100.0% |
| Arizona | 1 | $5,419 | 100.0% |