WESBANCO BANK

WESBANCO 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 11,322 PPP loans totaling $1.23B, representing approximately 0.10% of all loans nationwide.

WESBANCO BANK served borrowers across 24 states. The largest concentration of activity was in Ohio, where the lender originated 2,776 loans totaling $290.5M. Other states with significant activity included West Virginia, Kentucky, Pennsylvania.

The average loan size for this lender was $108,675. 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 WESBANCO BANK were: V-SOFT CONSULTING GROUP, INC. (KY) — $10,000,000; FRANKLIN EQUIPMENT, LLC (OH) — $6,222,024; TOPY AMERICA, INC. (KY) — $5,332,989; and ALEX E. PARIS CONTRACTING COMPANY INC. (PA) — $5,245,402.

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.