UNION BANK AND TRUST
PPP Lender · 5,236 loans · $511.7M total · 42 states served
UNION BANK AND TRUST 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 5,236 PPP loans totaling $511.7M, representing approximately 0.05% of all loans nationwide.
UNION BANK AND TRUST served borrowers across 42 states. The largest concentration of activity was in Nebraska, where the lender originated 4,432 loans totaling $404.2M. Other states with significant activity included Kansas, Missouri, Minnesota.
The average loan size for this lender was $97,735. 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 UNION BANK AND TRUST were: FUSION HOLDINGS, INC. (NE) — $10,000,000; TABITHA INC. (NE) — $8,190,570; BUSCO, INC. (NE) — $5,565,900; and SAMPSON CONSTRUCTION CO., INC. (NE) — $5,103,600.
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 |
|---|---|---|---|
| Nebraska | 4,432 | $404.2M | 99.5% |
| Kansas | 228 | $29.4M | 100.0% |
| Missouri | 102 | $15.1M | 100.0% |
| Minnesota | 90 | $16.8M | 100.0% |
| California | 45 | $7.7M | 97.8% |
| Iowa | 42 | $2.0M | 97.6% |
| Florida | 42 | $3.9M | 100.0% |
| Texas | 41 | $4.9M | 100.0% |
| Colorado | 28 | $3.3M | 100.0% |
| Illinois | 21 | $1.9M | 100.0% |
| Tennessee | 14 | $1.0M | 100.0% |
| Arizona | 14 | $6.2M | 100.0% |
| South Dakota | 12 | $465,851 | 100.0% |
| Wisconsin | 11 | $1.6M | 100.0% |
| Michigan | 10 | $2.8M | 100.0% |
| Ohio | 9 | $724,422 | 100.0% |
| New York | 9 | $647,759 | 100.0% |
| Indiana | 9 | $1.3M | 100.0% |
| Washington | 8 | $2.5M | 87.5% |
| Nevada | 8 | $898,906 | 100.0% |
| South Carolina | 6 | $448,382 | 100.0% |
| Georgia | 6 | $419,699 | 100.0% |
| Virginia | 5 | $341,939 | 100.0% |
| Pennsylvania | 4 | $279,020 | 100.0% |
| New Hampshire | 4 | $82,846 | 100.0% |
| Maryland | 4 | $510,901 | 100.0% |
| Wyoming | 3 | $34,162 | 100.0% |
| Oregon | 3 | $136,617 | 100.0% |
| New Jersey | 3 | $235,792 | 100.0% |
| Massachusetts | 3 | $329,233 | 100.0% |
| Arkansas | 3 | $44,000 | 100.0% |
| Utah | 2 | $176,700 | 100.0% |
| North Carolina | 2 | $317,600 | 100.0% |
| Kentucky | 2 | $157,365 | 100.0% |
| Idaho | 2 | $61,262 | 100.0% |
| Connecticut | 2 | $89,264 | 100.0% |
| Alabama | 2 | $195,225 | 100.0% |
| Oklahoma | 1 | $81,000 | 100.0% |
| New Mexico | 1 | $196,600 | 100.0% |
| Montana | 1 | $20,832 | 100.0% |
| Delaware | 1 | $40,300 | 100.0% |
| District of Columbia | 1 | $6,100 | 100.0% |