Winston salem, NC — PPP Loan Data

Winston salem, North Carolina received 6,367 Paycheck Protection Program loans totaling $531.4M. The average loan in the city was $83,464 — above the national program average of approximately $67,000.

90.7% of loans in Winston salem — totaling $519.6M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.

Among the largest disclosed recipients in Winston salem were THE BUDD GROUP ($10,000,000), K & W CAFETERIAS INC ($6,735,200), and BROCK & SCOTT, PLLC ($6,203,000).

The most active industry sector in Winston salem was Personal Care Services with 550 loans worth $11.5M, followed by Accommodation and Food Services (384 loans).

Applicants in Winston salem reported retaining 65,923 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.

Winston salem is part of North Carolina, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.