Uncertainty surrounds present and future of federal small business loan programs |


Some local small business owners have criticized not getting the help they expected with P3 requests from officials in Winston-Salem and Forsyth counties, including the renowned Greater Winston-Salem company Inc. It previously operated as the Winston-Salem Chamber of Commerce.

“We stay current with policies such as the SBA loan program and the CARES Act, among others, and bring information to our members in real time as updates occur,” said Greater Winston-Salem in a statement.

The group cited information on https://www.winstonsalem.com/covid-19/ which “offers a variety of resources, including information on relief funds, how-to guides for program applications, breakdowns legislative experts and links with federal and state agencies.

“We have recruited volunteer experts in various fields who are ready to provide support on topics such as SBA loans, CARES Act legislation, accounting and finance, employment law, etc. “

Second phase identical to the first?

Truist, which still operates retail as BB&T and SunTrust, states on its website that “due to the huge interest in the Paycheck Protection Program and the unprecedented volume of requests that we have received, we are no longer accepting new PPP requests ”.


About Author

Comments are closed.