FIRST COMMUNITY BANK

FIRST COMMUNITY 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 9,177 PPP loans totaling $606.2M, representing approximately 0.08% of all loans nationwide.

FIRST COMMUNITY BANK served borrowers across 30 states. The largest concentration of activity was in Texas, where the lender originated 2,228 loans totaling $172.0M. Other states with significant activity included Arkansas, South Carolina, West Virginia.

The average loan size for this lender was $66,062. 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 FIRST COMMUNITY BANK were: FESCO LTD (TX) — $10,000,000; THE SEFA GROUP, INC. (SC) — $5,878,915; INTIMIDATOR, INC. (AR) — $5,026,760; and JAN CARE AMBULANCE INC (WV) — $4,005,200.

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.