JONAH BANK OF WYOMING

JONAH BANK OF WYOMING 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 1,028 PPP loans totaling $88.9M, representing approximately 0.01% of all loans nationwide.

JONAH BANK OF WYOMING served borrowers across 14 states. The largest concentration of activity was in Wyoming, where the lender originated 930 loans totaling $80.4M. Other states with significant activity included Colorado, Arizona, Tennessee.

The average loan size for this lender was $86,476. 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 JONAH BANK OF WYOMING were: TACO JOHN'S INTERNATIONAL, INC. (WY) — $2,290,500; R & R SERVICES, INC. (WY) — $2,000,000; PEAK WELLNESS CENTER, INC. (WY) — $1,999,500; and COMMUNITY HEALTH CENTER OF CENTRAL WYOMING (WY) — $1,638,500.

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.