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Local lender ready for PPP loans despite questions

mortgage

Small business owners will soon get relief from payroll woes as the Paycheck Protection Program gets underway.

Small businesses will be able to file for this help beginning today but there might be problems developing with the process.

The SC Small Business Chamber of Commerce reported that some small businesses are experiencing difficulty with their SBA lenders not wanting to process PPP loans.

The Chamber warns that this process could take more time than originally anticipated. The problem is that there is little guidance about how these loans will be forgiven.

South Carolina has a number of SBA approved lenders.

“Countybank is processing applications for the PPP,” said Paul Pickhardt, senior vice president and SBA lending manager for Countybank. “Completed applications will be forwarded to the SBA starting tomorrow.”

He notes that they are only accepting applications from current business clients.

The Paycheck Protection Program is a part of CARES Act signed into law last Friday. The PPP loans can be used for payroll, rent, utilities and mortgage interest.

These PPP loans are 100% forgivable as well.

COVID-19

LATEST DEVELOPMENTS

More vaccines will flow into South Carolina starting next week, according to state health officials.

Greenwood County and Laurens County each recorded two more confirmed COVID-19 deaths as the state's toll surged past 6,000 on Wednesday.

When schools shut down in March because of the coronavirus pandemic, it left school districts scrambling to prepare for students to learn virtually. According to Matt Kimsey, technology director for Abbeville County schools, there were a lot of things that had to be considered.

State health officials reported 1,993 new confirmed cases and 22 probable cases of the novel coronavirus on Tuesday, along with 24 additional confirmed deaths and two probable deaths.

Self Regional Healthcare is letting people sign up for COVID-19 vaccination appointments over the phone today and Thursday.

Wings 101 Bar & Grill in Abbeville has temporarily closed after an employee tested positive for COVID-19 upon returning from an out-of-state trip.

Coronavirus (COVID-19)

As the Lakelands and the country respond to the novel coronavirus pandemic, which has led to state and national emergency declarations, it is vital for everyone to have up-to-date information about the virus and its spread. As such, we're providing free access to all of our COVID-19 coverage, which is available on this page.

Here's the latest information on COVID-19 from health agencies and hospitals: