WELLS FARGO BANK
PPP Lender · 280,717 loans · $13.78B total · 53 states served
WELLS FARGO 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 280,717 PPP loans totaling $13.78B, representing approximately 2.45% of all loans nationwide.
WELLS FARGO BANK served borrowers across 53 states. The largest concentration of activity was in California, where the lender originated 82,629 loans totaling $5.06B. Other states with significant activity included Florida, Texas, Georgia.
The average loan size for this lender was $49,080. 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 WELLS FARGO BANK were: FPR-II LLC (AZ) — $10,000,000; COMMUNITY BRIDGES INC (AZ) — $10,000,000; GENEVA STAFFING INC (CA) — $10,000,000; and DIVERSIFIED UTILITY SERVICES INC (CA) — $10,000,000.
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 |
|---|---|---|---|
| California | 82,629 | $5.06B | 95.6% |
| Florida | 37,543 | $1.31B | 94.4% |
| Texas | 24,697 | $1.02B | 94.1% |
| Georgia | 14,646 | $541.2M | 93.9% |
| North Carolina | 12,216 | $502.7M | 95.0% |
| Colorado | 10,985 | $449.7M | 95.9% |
| New Jersey | 10,739 | $521.3M | 95.0% |
| Arizona | 10,677 | $552.4M | 95.4% |
| Virginia | 9,628 | $457.8M | 95.3% |
| Pennsylvania | 7,515 | $350.2M | 95.2% |
| Minnesota | 6,935 | $292.9M | 95.7% |
| Nevada | 6,562 | $340.1M | 95.0% |
| Washington | 5,601 | $360.6M | 96.2% |
| South Carolina | 4,871 | $201.0M | 94.4% |
| Oregon | 4,477 | $286.9M | 96.0% |
| Maryland | 4,467 | $207.2M | 94.6% |
| New York | 3,684 | $216.9M | 94.3% |
| Utah | 2,807 | $136.5M | 95.8% |
| Alabama | 2,433 | $71.4M | 92.4% |
| Connecticut | 2,352 | $102.4M | 95.4% |
| New Mexico | 2,033 | $114.4M | 94.2% |
| Alaska | 1,667 | $96.1M | 95.7% |
| Idaho | 1,375 | $56.0M | 94.7% |
| Iowa | 1,195 | $59.5M | 96.3% |
| Wisconsin | 1,158 | $53.6M | 94.8% |
| District of Columbia | 1,096 | $92.3M | 95.2% |
| Nebraska | 992 | $29.1M | 96.4% |
| Tennessee | 852 | $40.5M | 93.7% |
| Delaware | 691 | $29.4M | 94.5% |
| Montana | 690 | $17.9M | 95.8% |
| South Dakota | 602 | $15.7M | 95.7% |
| Wyoming | 574 | $18.1M | 94.9% |
| Illinois | 521 | $42.7M | 94.0% |
| Mississippi | 376 | $8.0M | 91.2% |
| North Dakota | 307 | $12.8M | 91.9% |
| Kansas | 203 | $10.5M | 94.1% |
| Missouri | 140 | $4.5M | 89.3% |
| Michigan | 102 | $14.9M | 92.2% |
| Ohio | 99 | $26.0M | 92.9% |
| Massachusetts | 87 | $9.8M | 94.3% |
| Louisiana | 87 | $3.8M | 95.4% |
| Indiana | 79 | $11.7M | 94.9% |
| Oklahoma | 71 | $4.7M | 95.8% |
| Hawaii | 65 | $10.3M | 92.3% |
| Arkansas | 53 | $2.2M | 94.3% |
| Kentucky | 37 | $3.4M | 100.0% |
| West Virginia | 26 | $1.4M | 92.3% |
| Maine | 23 | $3.5M | 95.7% |
| New Hampshire | 22 | $851,345 | 86.4% |
| Puerto Rico | 12 | $330,170 | 100.0% |
| Rhode Island | 10 | $585,507 | 100.0% |
| Vermont | 7 | $756,055 | 100.0% |
| U.S. Virgin Islands | 1 | $34,600 | 100.0% |