HERITAGE BANK
PPP Lender · 13,144 loans · $1.73B total · 41 states served
HERITAGE 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 13,144 PPP loans totaling $1.73B, representing approximately 0.11% of all loans nationwide.
HERITAGE BANK served borrowers across 41 states. The largest concentration of activity was in Washington, where the lender originated 5,980 loans totaling $996.9M. Other states with significant activity included Georgia, Kentucky, Oregon.
The average loan size for this lender was $131,790. 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 HERITAGE BANK were: LABORWORKS INDUSTRIAL STAFFING SPECIALISTS, INC. (WA) — $8,002,212; BRENT SCARBROUGH & COMPANY INC. (GA) — $7,473,200; TITAN ELECTRIC, INC (WA) — $5,756,052; and SIMS LOHMAN, INC. (OH) — $5,660,900.
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 |
|---|---|---|---|
| Washington | 5,980 | $996.9M | 99.4% |
| Georgia | 1,453 | $131.7M | 99.1% |
| Kentucky | 1,430 | $111.7M | 98.3% |
| Oregon | 1,251 | $280.8M | 98.8% |
| Nebraska | 893 | $27.2M | 100.0% |
| Minnesota | 560 | $41.8M | 99.6% |
| Ohio | 461 | $54.2M | 97.6% |
| California | 219 | $29.1M | 99.5% |
| Kansas | 196 | $9.3M | 100.0% |
| Iowa | 186 | $6.4M | 98.9% |
| Florida | 101 | $13.5M | 100.0% |
| New Jersey | 76 | $4.3M | 100.0% |
| South Dakota | 62 | $5.8M | 95.2% |
| New York | 53 | $2.1M | 100.0% |
| Pennsylvania | 28 | $3.2M | 92.9% |
| Nevada | 27 | $2.7M | 100.0% |
| Texas | 24 | $571,807 | 91.7% |
| Colorado | 17 | $1.7M | 100.0% |
| Arizona | 17 | $1.6M | 100.0% |
| Alabama | 12 | $883,635 | 100.0% |
| North Carolina | 10 | $463,867 | 100.0% |
| Alaska | 10 | $1.4M | 100.0% |
| Maryland | 9 | $532,273 | 88.9% |
| South Carolina | 8 | $329,398 | 75.0% |
| Missouri | 7 | $148,101 | 100.0% |
| Illinois | 7 | $622,633 | 100.0% |
| Utah | 6 | $850,008 | 100.0% |
| Michigan | 6 | $204,508 | 83.3% |
| Wisconsin | 5 | $523,260 | 100.0% |
| Tennessee | 5 | $83,856 | 100.0% |
| Massachusetts | 5 | $188,494 | 100.0% |
| Indiana | 4 | $110,600 | 100.0% |
| Idaho | 4 | $170,828 | 100.0% |
| Virginia | 3 | $82,750 | 100.0% |
| Mississippi | 2 | $57,812 | 100.0% |
| Connecticut | 2 | $41,666 | 100.0% |
| Wyoming | 1 | $55,895 | 100.0% |
| North Dakota | 1 | $1,114 | 100.0% |
| Montana | 1 | $765,451 | 100.0% |
| Louisiana | 1 | $26,065 | 100.0% |
| Arkansas | 1 | $23,589 | 100.0% |