HARVEST SMALL BUSINESS FINANCE
PPP Lender · 408,173 loans · $8.19B total · 53 states served
HARVEST SMALL BUSINESS FINANCE 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 408,173 PPP loans totaling $8.19B, representing approximately 3.56% of all loans nationwide.
HARVEST SMALL BUSINESS FINANCE served borrowers across 53 states. The largest concentration of activity was in Florida, where the lender originated 60,267 loans totaling $831.7M. Other states with significant activity included California, Illinois, Georgia.
The average loan size for this lender was $20,057. 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 HARVEST SMALL BUSINESS FINANCE were: AMERICAN GUARD SERVICES, INC. (CA) — $10,000,000; PACIFIC FARM MANAGEMENT INC (CA) — $10,000,000; CAREER GROUP INC. (CA) — $10,000,000; and STEIN MART, INC. (FL) — $10,000,000.
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 | 60,267 | $831.7M | 77.2% |
| California | 59,119 | $2.00B | 74.3% |
| Illinois | 42,616 | $816.2M | 65.2% |
| Georgia | 39,242 | $696.5M | 71.8% |
| New York | 29,075 | $626.7M | 72.1% |
| Texas | 20,438 | $397.5M | 71.6% |
| Ohio | 15,727 | $278.4M | 63.8% |
| Michigan | 12,260 | $219.6M | 61.8% |
| Louisiana | 9,340 | $142.1M | 69.8% |
| Pennsylvania | 8,991 | $159.2M | 66.8% |
| Nevada | 8,902 | $157.6M | 70.2% |
| New Jersey | 7,371 | $167.0M | 71.0% |
| Indiana | 7,269 | $124.7M | 64.3% |
| Maryland | 7,058 | $114.3M | 74.2% |
| North Carolina | 7,008 | $130.6M | 69.5% |
| Tennessee | 6,050 | $104.7M | 69.2% |
| Mississippi | 5,832 | $97.4M | 72.5% |
| Alabama | 5,721 | $94.1M | 67.6% |
| South Carolina | 5,592 | $95.2M | 70.9% |
| Arizona | 5,582 | $133.4M | 66.9% |
| Massachusetts | 5,170 | $82.7M | 72.1% |
| Missouri | 5,134 | $80.5M | 62.8% |
| Virginia | 4,952 | $98.7M | 68.8% |
| Minnesota | 4,172 | $68.5M | 73.6% |
| Wisconsin | 2,569 | $49.5M | 58.4% |
| Colorado | 2,557 | $56.6M | 73.3% |
| Kentucky | 2,400 | $31.5M | 66.8% |
| Arkansas | 2,289 | $36.8M | 58.8% |
| Oklahoma | 1,776 | $23.8M | 64.5% |
| Washington | 1,756 | $50.9M | 72.5% |
| Connecticut | 1,710 | $30.3M | 69.3% |
| Oregon | 1,510 | $39.1M | 77.4% |
| Iowa | 1,286 | $22.0M | 61.7% |
| Kansas | 1,155 | $16.9M | 51.5% |
| Delaware | 955 | $16.4M | 59.6% |
| District of Columbia | 818 | $14.4M | 63.2% |
| Rhode Island | 631 | $9.8M | 50.6% |
| New Mexico | 548 | $8.3M | 66.4% |
| Utah | 513 | $12.6M | 68.4% |
| Nebraska | 513 | $8.5M | 64.7% |
| Idaho | 489 | $7.0M | 68.7% |
| Hawaii | 379 | $7.6M | 79.4% |
| Maine | 255 | $3.1M | 72.5% |
| New Hampshire | 243 | $4.3M | 73.3% |
| North Dakota | 237 | $4.7M | 65.0% |
| West Virginia | 209 | $3.4M | 53.6% |
| Montana | 140 | $4.5M | 68.6% |
| Alaska | 88 | $1.6M | 62.5% |
| South Dakota | 83 | $1.4M | 47.0% |
| Wyoming | 75 | $2.9M | 52.0% |
| Vermont | 67 | $1.0M | 58.2% |
| Puerto Rico | 20 | $286,652 | 55.0% |
| U.S. Virgin Islands | 14 | $203,273 | 78.6% |