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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

Since access isn’t the problem anymore, state health officials are instead focused on convincing people to get vaccinated against COVID-19, State Epidemiologist Dr. Linda Bell said.

Greenwood County School District 50’s Board of Trustees voted unanimously to remove certain pandemic-related policies at its special called meeting Thursday.

Getting your COVID-19 vaccine should be convenient — from drive-thru vaccinations and vaccines at the grocery store to getting a shot while getting a check-up, vaccine providers are looking to make vaccinations as easy as possible.

Soon children age 12 and older might be able to get the Pfizer COVID-19 vaccine, and state health officials said they've been getting ready for this development.

Students, parents and teachers can get vaccinated this week at Greenwood or Emerald high schools, according to district officials.

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:

District Calendars

Get Your 2020-2021 School District Calendars here!

Greenwood School District 50, Abbeville School District and Ninety Six School District 52 Calendars are available here!!! Click to view calendars here.

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