UNITED BANK
PPP Lender · 19,258 loans · $2.18B total · 40 states served
UNITED 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 19,258 PPP loans totaling $2.18B, representing approximately 0.17% of all loans nationwide.
UNITED BANK served borrowers across 40 states. The largest concentration of activity was in Virginia, where the lender originated 5,469 loans totaling $711.8M. Other states with significant activity included West Virginia, Georgia, North Carolina.
The average loan size for this lender was $113,181. 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 UNITED BANK were: THE THRASHER GROUP, INC. (WV) — $7,949,800; FAIRFAX RADIOLOGICAL CONSULTANTS, PC (VA) — $6,866,700; HALL DRILLING, LLC (WV) — $6,866,600; and BOLAND TRANE SERVICES, INC. (MD) — $5,499,500.
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 |
|---|---|---|---|
| Virginia | 5,469 | $711.8M | 98.9% |
| West Virginia | 3,196 | $422.7M | 98.5% |
| Georgia | 2,305 | $157.1M | 99.6% |
| North Carolina | 2,152 | $161.2M | 99.4% |
| Maryland | 1,382 | $245.1M | 98.3% |
| Alabama | 1,212 | $74.6M | 99.3% |
| South Carolina | 1,185 | $99.8M | 99.3% |
| District of Columbia | 814 | $172.7M | 98.9% |
| Florida | 499 | $22.4M | 98.4% |
| Arkansas | 406 | $23.7M | 99.5% |
| Pennsylvania | 354 | $31.8M | 99.7% |
| Ohio | 93 | $19.3M | 98.9% |
| New York | 30 | $5.0M | 100.0% |
| Texas | 28 | $1.6M | 100.0% |
| California | 17 | $3.6M | 94.1% |
| Tennessee | 14 | $8.0M | 100.0% |
| Alaska | 11 | $2.4M | 100.0% |
| Oklahoma | 9 | $372,133 | 100.0% |
| Mississippi | 9 | $556,420 | 100.0% |
| Kentucky | 7 | $1.1M | 100.0% |
| Colorado | 7 | $716,969 | 100.0% |
| New Jersey | 6 | $568,329 | 100.0% |
| Missouri | 6 | $543,004 | 100.0% |
| Arizona | 5 | $1.9M | 100.0% |
| Wisconsin | 4 | $561,234 | 100.0% |
| Utah | 4 | $2.3M | 100.0% |
| Massachusetts | 4 | $2.2M | 100.0% |
| Kansas | 4 | $127,921 | 100.0% |
| Delaware | 4 | $313,220 | 100.0% |
| U.S. Virgin Islands | 3 | $821,229 | 100.0% |
| Michigan | 3 | $2.4M | 100.0% |
| Louisiana | 3 | $931,827 | 100.0% |
| Illinois | 3 | $305,346 | 100.0% |
| Washington | 2 | $870,944 | 100.0% |
| Nevada | 2 | $96,440 | 100.0% |
| Connecticut | 2 | $41,633 | 100.0% |
| Wyoming | 1 | $31,500 | 100.0% |
| New Hampshire | 1 | $48,953 | 100.0% |
| Minnesota | 1 | $8,655 | 100.0% |
| Indiana | 1 | $9,900 | 100.0% |