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Banking & Finance

Countybank processes $61 million in PPP loans

Banking & Finance
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Greenville's CountyBank has collaborated with business across 25 sector obtain $61 million in PPP funding. (Photo/Provided)Greenville’s Countybank has processed more than 600 Paycheck Protection Program loans adding up to about $61 million in funding.

“As a community bank, we were able to efficiently serve and support our business customers and get them the funding they need through the PPP during COVID-19,” Thornwell Dunlap III, president and CEO of Countybank, said in a news release. “By being proactive and committing more than 20 percent of our workforce to this effort, we are fulfilling our mission to meet the needs of our customers and communities.”

The bank has extended loans as small as $750 to help cover costs for a variety of businesses across 25 sectors, according to the release.

“We are proud to be part of a loan funding opportunity that helps our local business customers receive the financial support they need, and we recognize the importance of the PPP in regard to keeping businesses afloat during these difficult times,” Ken Harper, executive vice president and COO of Countybank, said in the release. “We have always said Countybank puts people first, and this was a dramatic way for us to put our company values to work when our customers needed us the most.”

According to a July 10 report (.pdf) from the U.S. Small Business Administration, 63,448 loans adding up to roughly $5.7 billion, have been granted to South Carolina businesses.

Data about the program’s impact on Greenville, Spartanburg and Anderson counties can be found on GSA Business Report’s GSA Bizwire website.

 

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