MIDFIRST BANK
PPP Lender · 14,111 loans · $1.56B total · 41 states served
MIDFIRST 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 14,111 PPP loans totaling $1.56B, representing approximately 0.12% of all loans nationwide.
MIDFIRST BANK served borrowers across 41 states. The largest concentration of activity was in Arizona, where the lender originated 5,926 loans totaling $593.2M. Other states with significant activity included Oklahoma, California, Colorado.
The average loan size for this lender was $110,691. 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 MIDFIRST BANK were: EDUCATIONAL SERVICES INC (AZ) — $10,000,000; ON Q FINANCIAL, INC. (AZ) — $10,000,000; LAUNCH TECHNICAL WORKFORCE SOLUTIONS, LLC (IL) — $10,000,000; and MCBRIDE CLINIC ORTHOPEDIC HOSPITAL (OK) — $8,750,500.
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.
Activity by State
| State | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Arizona | 5,926 | $593.2M | 98.5% |
| Oklahoma | 4,677 | $355.5M | 98.4% |
| California | 2,266 | $321.9M | 98.4% |
| Colorado | 789 | $133.0M | 99.7% |
| Texas | 204 | $52.3M | 98.5% |
| New York | 54 | $22.9M | 75.9% |
| Florida | 34 | $12.1M | 97.1% |
| Washington | 18 | $1.8M | 100.0% |
| Utah | 16 | $5.3M | 93.8% |
| Nevada | 15 | $4.7M | 100.0% |
| Georgia | 10 | $12.7M | 100.0% |
| North Carolina | 8 | $4.7M | 100.0% |
| Virginia | 7 | $2.6M | 100.0% |
| Illinois | 7 | $12.3M | 100.0% |
| Connecticut | 7 | $1.1M | 85.7% |
| Ohio | 6 | $2.3M | 100.0% |
| South Carolina | 5 | $1.9M | 100.0% |
| Missouri | 5 | $2.3M | 100.0% |
| Louisiana | 5 | $3.1M | 100.0% |
| Tennessee | 4 | $258,800 | 100.0% |
| New Mexico | 4 | $201,500 | 100.0% |
| Minnesota | 4 | $85,800 | 100.0% |
| Iowa | 4 | $224,400 | 100.0% |
| District of Columbia | 4 | $1.7M | 100.0% |
| Wyoming | 3 | $199,300 | 100.0% |
| Michigan | 3 | $1.9M | 100.0% |
| Hawaii | 3 | $334,000 | 100.0% |
| South Dakota | 2 | $142,400 | 100.0% |
| Puerto Rico | 2 | $42,800 | 100.0% |
| Pennsylvania | 2 | $348,900 | 100.0% |
| Oregon | 2 | $746,900 | 100.0% |
| New Jersey | 2 | $3.3M | 100.0% |
| Montana | 2 | $237,100 | 100.0% |
| Maryland | 2 | $1.3M | 100.0% |
| Massachusetts | 2 | $3.8M | 100.0% |
| Kentucky | 2 | $2,900 | 100.0% |
| Wisconsin | 1 | $5,100 | 100.0% |
| Nebraska | 1 | $20,800 | 100.0% |
| Kansas | 1 | $8,800 | 100.0% |
| Indiana | 1 | $1.3M | 100.0% |
| Delaware | 1 | $14,500 | 100.0% |