Derived table · PPP
Womply's PPP fees, lender by lender
Womply said it collected $2.01 billion in PPP fees from lenders and platforms by April 14, 2022. One row per payer: its 2021 loans, SBA fees and Womply's share.
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At a glance
Measured on the served file on 2026-09-27; the checksum above is the file these numbers describe.
payer · uniqueWhat it is
One row is one payer: a lender or platform that paid Womply referral or technology fees on PPP loans. Womply was not a lender. The lenders it sent borrowers to collected the SBA's processing fee on each loan and paid Womply a share under their contracts. Each row gives the payer's 2021 loans in the SBA loan-level file and the SBA fees the statutory schedule gives on them. It adds Womply's fees where a contract is public, what Womply said it had collected from the payer by April 14, 2022, and what was unpaid or disputed.
Harvest Small Business Finance is one payer with two groups of loans: its own Fast Lane loans (398,945) and 189,259 loans that Lendistry originated and the SBA file lists with Harvest as servicer. Womply's table of collections has no Lendistry row, and the Lendistry loans are counted once, in Harvest's row. Womply's fees under Harvest's public terms apply to Harvest's own loans only; no contract covering Womply's fees on the Lendistry loans is public.
Blueacorn's row covers the Capital Plus Financial loans, which Womply's table lists under Blueacorn at $0. Womply sued Capital Plus for the fees. The last two rows, TMC Financing and eight referral-only partners, have collected amounts but no attributed loans.
How it was built
Loans are the 2021 loans in the SBA PPP loan-level file of Sept. 30, 2024 that fall inside the dates Womply gave the Subcommittee for each partnership. Harvest's own Fast Lane loans are its loans of $50,000 or less from March 1, 2021. The windows hold more loans than the court counts, and the extra loans cannot be identified, so the court counts are given beside them.
SBA fees apply the processing-fee schedules of 86 FR 3692 and 86 FR 3712 to each loan. They show what the schedule gives, not proof that the SBA paid.
Womply's fees apply each public contract loan by loan, tiers included: Harvest's April 21, 2021 terms on its own Fast Lane loans; Fountainhead's at the 80% tier, before any API fee under an order form that is not public; and Blueacorn's formula on the loans and fees Womply pleaded for Capital Plus. Benworth's figure is the arbitrator's reading of its contract (JAMS Corrected Final Award).
Collected amounts are Womply's table of the fees it had “collected from Lenders and Platforms to date,” sent to the Subcommittee on April 14, 2022 (Womply documents, PDF p. 16). The table “does not reflect amounts owed but not yet paid” and gives no year. residual_usd is the collected amount less Womply's contractual fees net of the unpaid amount.
Preview
| payer | loans_in_row | loans_sba_file | principal_usd | sba_fees_statutory_usd | loans_court_record | sba_fees_court_record_usd | womply_contract_fees_usd | womply_contract_fees_basis | womply_claim_usd | early_payment_discount_cap_usd | collected_to_2022_04_14_usd | unpaid_or_disputed_usd | unpaid_or_disputed_basis | residual_usd | residual_full_discount_usd | note | sources |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Harvest Small Business Finance | Harvest's own Fast Lane loans (398,945) and Lendistry-origi… | 588204 | 9471010644.32 | 1403799836.24 | 777671663.14 | Harvest's April 21, 2021 terms applied loan by loan to its … | 20000000.00 | 1028061422.80 | none documented | 250389759.66 | 270389759.66 | Womply's table has no Lendistry row. The residual is placed… | SBA PPP loan-level file (Sept. 30, 2024); Womply and Harves… | ||||
| Benworth Capital Partners | Benworth's loans inside Womply's partnership window | 306981 | 4081448508.49 | 686007833.64 | 304897 | 680000000.00 | 551291379.00 | the arbitrator's reading of the contract (70% tier), on the… | 616664869.00 | 464991236.65 | 86299892.00 | unpaid fees the arbitrator awarded | -250.35 | The award says Benworth paid $464,991,487, which is $250.35… | SBA PPP loan-level file (Sept. 30, 2024); Womply and Harves… | ||
| Fountainhead SBF | Fountainhead's loans inside Womply's partnership window | 268402 | 3671706719.17 | 620473019.10 | more than 263000 | 496379672.48 | the contract's 80% tier applied loan by loan, before any AP… | 20000000.00 | 454180690.22 | Womply's counsel swore Fountainhead failed to pay 'over $90… | -42198982.26 | -22198982.26 | The negative residual sits inside Womply's unpaid claim | SBA PPP loan-level file (Sept. 30, 2024); Womply and Harves… | |||
| Blueacorn (for Capital Plus Financial) | Capital Plus Financial's loans inside Womply's partnership … | 94083 | 1091588801.27 | 205109847.22 | 86521 | 186882948.00 | 76714482.67 | the contract formula on the loans and fees Womply pleaded, … | 76714482.67 | 0.00 | 76714482.67 | Womply's claim; the case settled at mediation in November 2… | 0.00 | Womply's table lists these loans under Blueacorn; the SBA l… | SBA PPP loan-level file (Sept. 30, 2024); Womply's First Am… | ||
| DreamSpring | DreamSpring's loans inside Womply's partnership window | 24215 | 176562544.89 | 46102191.30 | no contract is public | 25177391.25 | none documented | SBA PPP loan-level file (Sept. 30, 2024); Womply and Harves… | |||||||||
| Sunshine State Economic Development Corporation | Sunshine State's loans inside Womply's partnership window | 6803 | 41488743.33 | 11821162.48 | no contract is public | 10297907.68 | none documented | SBA PPP loan-level file (Sept. 30, 2024); Womply and Harves… | |||||||||
| TMC Financing | no SBA-file loans under that name | no contract is public | 33000.00 | none documented | Womply and Harvest letters to the House Select Subcommittee… | ||||||||||||
| SmartBiz Loans and seven other referral-only partners | not attributed: Cross River, Funding Circle, Lendio, Celtic… | referral fees only; no contract is public | 25814931.28 | none documented | SmartBiz paid $22,286,718.32 of this; Womply's table gives … | Womply and Harvest letters to the House Select Subcommittee… |
First 8 of 8 rows · cells longer than 60 characters are cut with an ellipsis · shown as text, unformatted.
Files
| File | Rows | Size | SHA-256 | |
|---|---|---|---|---|
womply-fees-by-lender.csvCSV, UTF-8, header row | 8 | 4,194 B | 748123a40a229de15b22fa0d9c3854efceb0b420549dd66aa94bb0f791cbfc2a | Download ↓ |
dictionary.csvdata dictionary, 18 rows | 18 | — | built with this page | Download ↓ |
Columns
| Column | Type, measured | Blank | Distinct | Range / values | Meaning |
|---|---|---|---|---|---|
payer | text | 0 | 8 | Harvest Small Business Finance (1), Benworth Capital Partners (1), Fountainhead SBF (1), Blueacorn (for Capital Plus Financial) (1), DreamSpring (1), Sunshine State Economic Development Corporation (1) | The lender or platform that paid Womply, as Womply's April 14, 2022 table names it. |
loans_in_row | text | 0 | 8 | Harvest's own Fast Lane loans (398,945) and Lendistry-originated loans Harvest serviced (189,259) (1), Benworth's loans inside Womply's partnership window (1), Fountainhead's loans inside Womply's partnership window (1), Capital Plus Financial's loans inside Womply's partnership window (1), DreamSpring's loans inside Womply's partnership window (1), Sunshine State's loans inside Womply's partnership window (1) | Which loans the row counts. Harvest's row counts its own Fast Lane loans and the Lendistry-originated loans it serviced. |
loans_sba_file | integer | 2 | 6 | 7K – 588K · median 181K | 2021 loans in the SBA loan-level file inside Womply's stated window for the payer. Blank for payers with no attributed loans. |
principal_usd | number | 2 | 6 | 41.5M – 9.5B · sum $18.5B · median $2.4B | Principal of those loans, in dollars. |
sba_fees_statutory_usd | number | 2 | 6 | 11.8M – 1.4B · sum $3B · median $412.8M | SBA processing fees on those loans under the statutory schedule, in dollars: what the schedule gives, not proof of payment. |
loans_court_record | text | 5 | 3 | 304897 (1), more than 263000 (1), 86521 (1) | The loan count in a court record, where one exists. Fountainhead's cell is text, more than 263000, the floor its petition states. |
sba_fees_court_record_usd | number | 6 | 2 | 186.9M – 680M · sum $866.9M · median $433.4M | The lender's fees on its Womply loans as a court record states them, in dollars. Blank where no record gives a figure. |
womply_contract_fees_usd | number | 4 | 4 | 76.7M – 777.7M · sum $1.9B · median $523.8M | Womply's fees under the public contract terms, in dollars. Blank where no contract is public. |
womply_contract_fees_basis | text | 0 | 6 | no contract is public (3), Harvest's April 21, 2021 terms applied loan by loan to its own Fast Lane loans; no contract is public for the Lendistry loans (1), the arbitrator's reading of the contract (70% tier), on the award's loan count (1), the contract's 80% tier applied loan by loan, before any API fee under an order form that is not public (1), the contract formula on the loans and fees Womply pleaded, which reproduces Womply's claim to the cent (1), referral fees only; no contract is public (1) | How womply_contract_fees_usd was reached, or why it is blank. |
womply_claim_usd | number | 6 | 2 | 76.7M – 616.7M · sum $693.4M · median $346.7M | What Womply claimed from the payer in litigation, in dollars, where it named a figure. |
early_payment_discount_cap_usd | number | 6 | 1 | 20M – 20M · sum $40M · median $20M | The cap on the early-payment discount in the payer's agreement, in dollars (7% for Harvest, 5% for Fountainhead). Blank where none is known. |
collected_to_2022_04_14_usd | number | 0 | 8 | 0 – 1B · sum $2B · median $25.5M | Fees Womply said it had collected from the payer by April 14, 2022, in dollars. Referral and technology fees together; no year is given. |
unpaid_or_disputed_usd | number | 6 | 2 | 76.7M – 86.3M · sum $163M · median $81.5M | The unpaid amount a court found or Womply claimed, in dollars. Blank where the record gives no exact figure. |
unpaid_or_disputed_basis | text | 0 | 4 | none documented (5), unpaid fees the arbitrator awarded (1), Womply's counsel swore Fountainhead failed to pay 'over $90 million'; no award is in the record (1), Womply's claim; the case settled at mediation in November 2022 on terms that are not public (1) | Where the unpaid or disputed amount comes from. |
residual_usd | number | 4 | 4 | -42.2M – 250.4M · sum $208.2M · median $-125.17 | collected_to_2022_04_14_usd less womply_contract_fees_usd net of unpaid_or_disputed_usd, in dollars. Blank where no contract is public. |
residual_full_discount_usd | number | 6 | 2 | -22.2M – 270.4M · sum $248.2M · median $124.1M | The residual if the payer took its full early-payment discount, in dollars. Blank where no discount is known. |
note | text | 3 | 5 | Womply's table has no Lendistry row. The residual is placed on the Lendistry loans by inference: Harvest's referral fees match 1% of the principal of its own Fast Lane loans plus the Lendistry loans (1), The award says Benworth paid $464,991,487, which is $250.35 more than Womply's table; court-record fees are Benworth's own figure, 'more than $680 million' as Womply pleaded it (1), The negative residual sits inside Womply's unpaid claim (1), Womply's table lists these loans under Blueacorn; the SBA lender was Capital Plus Financial, LLC (1), SmartBiz paid $22,286,718.32 of this; Womply's table gives the other partners as one line (1) | What the row needs a reader to know. |
sources | text | 0 | 5 | SBA PPP loan-level file (Sept. 30, 2024); Womply and Harvest letters to the House Select Subcommittee (2022) (3), Womply and Harvest letters to the House Select Subcommittee (2022) (2), SBA PPP loan-level file (Sept. 30, 2024); Womply and Harvest letters to the House Select Subcommittee (2022); JAMS Corrected Final Award, Oto Analytics v. Benworth (June 26, 2024) (1), SBA PPP loan-level file (Sept. 30, 2024); Womply and Harvest letters to the House Select Subcommittee (2022); Fountainhead amended petition and Cheney affidavit (Fla. 18th Cir., Sept. 2021) (1), SBA PPP loan-level file (Sept. 30, 2024); Womply's First Amended Complaint v. Capital Plus (N.D. Tex. 3:21-cv-02636); Womply and Harvest letters to the House Select Subcommittee (2022) (1) | The records behind the row. |
Type, blanks, distinct count, and range are measured on the file. The same table as CSV: dictionary.csv.
How to use it
Specific to this file, measured on it: keys, joins, encodings, units, and the values that will trip a naive count.
- Harvest's row includes the Lendistry loans. The SBA file lists Harvest as servicer of all 189,259, and at the 2024 trial in United States v. Wade a Harvest loan processor testified that Harvest acquired unfunded “promissory notes from Lendistry” (Wade trial transcript, p. 180). Womply's fees on those loans are placed in Harvest's row by a match: Harvest paid Womply $95,031,459.27 in referral fees, and one percent of the principal of Harvest's own Fast Lane loans plus the Lendistry loans is $94,710,106.44. Harvest's own 2021 loans could have carried at most $69.08 million of referral fees. The match is the evidence; that Harvest paid Womply's fees on the Lendistry loans is an inference from it. Harvest's residual, $250.39 million, is placed on those loans by the same inference.
- Collected is not what Womply was owed. The arbitrator found $86.30 million of Benworth's fees unpaid; Blueacorn paid nothing against Womply's $76.71 million claim; Womply's counsel swore that Fountainhead failed to pay “over $90 million” (Cheney affidavit, paras. 6–8).
- Adding the rows. The collected column sums to $2,008,556,579.88, the total of Womply's table. The four public contracts give $1,902.06 million. Adding Harvest's residual ($250.39 million) and the $61.32 million from payers with no public contract gives Womply's contractual fees: $2,193.77 million to $2,213.77 million, depending on whether Fountainhead used its early-payment discount.
- Court counts are lower than the SBA-file counts. Benworth's award counts 304,897 loans, Womply's Capital Plus complaint 86,521 and Fountainhead's petition more than 263,000. With the court counts, the Womply loans come to 1,273,640.
- LF line endings, UTF-8, 4,194 bytes.
Before you quote a row
- These are Womply's figures for what it collected. Benworth's row is $250.35 below the $464,991,487.00 the arbitrator said Benworth had paid.
- Several payers have no public contract. The terms for Harvest's Lendistry loans, DreamSpring, Sunshine State, TMC Financing and the referral-only partners are not public; any one of them would turn a residual or a blank into a figure.
- Collections and revenue differ. Womply reported $2,095.21 million of PPP revenue for 2020 and 2021, $86.65 million more than it had collected by April 14, 2022.
Womply's PPP fees, lender by lender, compiled from the SBA PPP loan-level file of 2024-09-30, the House Select Subcommittee's Womply document release and court records dated 2021-08-27 to 2024-06-26. Pandemic Darlings, https://pandemicdarlings.com/data/womply-fees-by-lender/, SHA-256 748123a40a229de15b22fa0d9c3854efceb0b420549dd66aa94bb0f791cbfc2a