PENDLETON COMMUNITY BANK
PPP Lender · 936 loans · $50.8M total · 11 states served
PENDLETON COMMUNITY 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 936 PPP loans totaling $50.8M, representing approximately 0.01% of all loans nationwide.
PENDLETON COMMUNITY BANK served borrowers across 11 states. The largest concentration of activity was in West Virginia, where the lender originated 768 loans totaling $33.2M. Other states with significant activity included Virginia, North Carolina, Maryland.
The average loan size for this lender was $54,304. 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 PENDLETON COMMUNITY BANK were: E. L. ROBINSON ENGINEERING CO. (WV) — $3,144,600; BLUESTONE COKE, LLC (VA) — $2,638,500; FUSION TECHNOLOGY LLC (WV) — $2,202,492; and BLUESTONE COKE LLC (VA) — $2,000,000.
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 |
|---|---|---|---|
| West Virginia | 768 | $33.2M | 99.7% |
| Virginia | 153 | $16.7M | 99.3% |
| North Carolina | 3 | $642,213 | 100.0% |
| Maryland | 3 | $52,320 | 100.0% |
| Pennsylvania | 2 | $71,250 | 100.0% |
| Florida | 2 | $31,093 | 100.0% |
| South Carolina | 1 | $37,300 | 100.0% |
| New York | 1 | $1,250 | 100.0% |
| Delaware | 1 | $51,500 | 100.0% |
| California | 1 | $20,503 | 100.0% |
| Arizona | 1 | $20,833 | 100.0% |