PPP Loan Data: Winston-Salem, NC
Paycheck Protection Program statistics for the Winston-Salem metro area. 11,500 loans disbursed, 518 unforgiven and potentially subject to enforcement.
Medium Enforcement Risk4.3% of NC total
Avg: $86,328 per loan
$40M outstanding
95.5% forgiveness rate
PPP Program Overview: Winston-Salem, NC
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 11,500 Paycheck Protection Program loans in the Winston-Salem metropolitan area, totaling $993M. These loans supported approximately 86K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 10,982 (95.5%) were fully forgiven. However, 518 loans totaling $40M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
Winston-Salem is part of North Carolina, which has a Medium enforcement risk classification. The DOJ PPP Strike Force operates nationally, with particular focus on major metropolitan areas where loan volumes and dollar amounts are highest.
Enforcement Risk in Winston-Salem
Winston-Salem has moderate PPP enforcement activity. While not among the highest-priority metros, the DOJ and SBA OIG maintain active investigations in this area. Borrowers with loans over $150,000 or those with discrepancies in their applications should be particularly vigilant.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against Winston-Salem borrowers for several more years.
Winston-Salem vs. North Carolina Average
Frequently Asked Questions: PPP in Winston-Salem
How many PPP loans were issued in Winston-Salem, NC?
Winston-Salem, North Carolina received approximately 11,500 PPP loans totaling $993M between April 2020 and May 2021. The average loan size was $86,328, supporting approximately 86K jobs in the Winston-Salem metro area.
How many PPP loans in Winston-Salem were not forgiven?
Approximately 518 PPP loans in the Winston-Salem metro area (4.5% of total) were not forgiven, representing $40M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in Winston-Salem?
Winston-Salem is in a "Medium" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in Winston-Salem with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in Winston-Salem in 2026?
Yes. The False Claims Act has a 6-10 year statute of limitations. Since PPP loans were issued in 2020-2021, enforcement actions can continue through 2030-2031. Winston-Salem borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
518 Winston-Salem area borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Other Cities in North Carolina
View all North Carolina data →Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Metro-area estimates derived from state-level data with population-weighted distribution. Last updated May 2026.