FIVE POINTS BANK
PPP Lender · 1,920 loans · $175.9M total · 14 states served
FIVE POINTS 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 1,920 PPP loans totaling $175.9M, representing approximately 0.02% of all loans nationwide.
FIVE POINTS BANK served borrowers across 14 states. The largest concentration of activity was in Nebraska, where the lender originated 1,873 loans totaling $166.5M. Other states with significant activity included Iowa, Colorado, Arizona.
The average loan size for this lender was $91,613. 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 FIVE POINTS BANK were: FLAGSHIP RESTAURANT GROUP LLC (NE) — $6,929,100; A.A.I., INC. (NE) — $4,396,900; DOLL DISTRIBUTING LLC (IA) — $4,370,600; and GOTTSCH EMPLOYERS GROUP, LLC (NE) — $2,810,800.
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 |
|---|---|---|---|
| Nebraska | 1,873 | $166.5M | 99.9% |
| Iowa | 10 | $5.5M | 100.0% |
| Colorado | 9 | $792,775 | 100.0% |
| Arizona | 8 | $575,437 | 87.5% |
| Texas | 3 | $30,200 | 100.0% |
| Minnesota | 3 | $737,650 | 100.0% |
| Illinois | 3 | $126,900 | 100.0% |
| South Carolina | 2 | $240,900 | 100.0% |
| Missouri | 2 | $39,200 | 100.0% |
| Kansas | 2 | $869,400 | 100.0% |
| Florida | 2 | $339,800 | 100.0% |
| Wyoming | 1 | $15,000 | 100.0% |
| Idaho | 1 | $10,300 | 100.0% |
| District of Columbia | 1 | $111,800 | 100.0% |