Countybank approves more than $61 million in Paycheck Protection Program loans

Countybank has taken a significant leadership role in helping Upstate businesses deal with the financial implications of the COVID-19 crisis by approving more than $61 million in Paycheck Protection Program (PPP) loans for a total of more than 600 loans processed, supporting businesses in more than 25 industries.

The bank has uniquely supported businesses of all sizes, even with loans as small as $750. Countybank’s goal has been to process loans as quickly as possible so local businesses and franchises can continue conducting business during the financial turns of COVID-19.

“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,” said R. Thornwell Dunlap III, President and CEO of Countybank. “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.”

“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,” said Ken Harper, Executive Vice President and Chief Operating Officer of Countybank. “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.”

Countybank began reaching out to customers before the PPP applications opened and worked with small businesses directly to submit applications on their behalf, resulting in a smooth and highly successful process during times of economic uncertainty.

“I am thankful and blessed to have such a wonderful resource as Countybank at my fingertips. Not only did they help me navigate PPP funding pretty easily, but they actually got me funded allowing me to bring back my furloughed workers – and they are so happy to be back,” said Donna Adams, a Countybank customer and owner of Allegra. “I don’t know how they did it so quickly, but I will assume it took a lot of hard work and determination. A sincere thank you to all that helped.”

For more information on how Countybank is supporting its customers, read the organization’s letter to customers at https://www.ecountybank.com/notice-details.html.