PPP Loan Data: South Carolina
Paycheck Protection Program statistics for South Carolina. 132,847 loans disbursed, 5,579 unforgiven and potentially subject to enforcement.
Standard Enforcement Risk1.2% of national total
Avg: $84,306 per loan
$470M outstanding
95.8% forgiveness rate
PPP Program Overview: South Carolina
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed 132,847 Paycheck Protection Program loans in South Carolina, totaling $11.2B. These loans supported approximately 980K jobs across the state during the COVID-19 pandemic.
Of these loans, 127,268 (95.8%) were fully forgiven. However, 5,579 loans totaling $470M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
This state has standard-level PPP enforcement activity.
Enforcement Risk in South Carolina
South Carolina has standard-level PPP enforcement activity. While enforcement is less concentrated here than in major metropolitan states, the DOJ PPP Strike Force operates nationally. Any borrower with an unforgiven loan or application discrepancies remains at risk regardless of geographic location.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against South Carolina borrowers for several more years. The 5,579 unforgiven loans in South Carolina represent the most immediate enforcement targets.
South Carolina vs. National Average
Frequently Asked Questions: PPP in South Carolina
How many PPP loans were issued in South Carolina?
South Carolina received 132,847 PPP loans totaling $11.2B between April 2020 and May 2021. The average loan size was $84,306, supporting approximately 980K jobs.
How many PPP loans in South Carolina were not forgiven?
Approximately 5,579 PPP loans in South Carolina (4.2% of total) were not forgiven, representing $470M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP audit risk level in South Carolina?
South Carolina is classified as "Standard" enforcement risk. This state has standard-level PPP enforcement activity. Borrowers in South Carolina with unforgiven loans or discrepancies in their applications should be aware of ongoing DOJ and SBA OIG enforcement activity.
Can I still face a PPP audit in South Carolina 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. South Carolina borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
5,579 South Carolina borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
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Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Data reflects the full PPP program period (April 2020 – May 2021). Last updated May 2026.