A key provision of the CARES Act is the Paycheck Protection Program (PPP), which authorized SBA lenders like FNBO to make loans to small businesses through the SBA.
FNBO is no longer accepting PPP submissions. If you are customer who has secured PPP funds through FNBO, learn more about forgiveness.
FNBO customers directly impacted by COVID-19 can request assistance including:
Contact Us: Please talk with your banker about the challenges you are experiencing today to help us prepare to serve you best during the coming weeks and months. You may also call us at 800-228-4411.
Please note that credit payment deferrals will create a balance at maturity. Additionally, we have temporarily paused foreclosure related-activities for business customers.
For further resources, visit our State and Local Resources section.
We know these are challenging times and we’re here to help you through them. Wherever you are, there are many ways you can make and receive payments, deposit money to your account or get cash for your business. And, even if you’re confident with your current processes, it’s always good to have a backup plan.
On June 5 the Paycheck Protection Program Flexibility Act of 2020 was signed into law. This is important to PPP borrowers as it eases and extends some aspects of the PPP program, including rules around forgiveness. With this new law, we expect new guidance to be issued by the US Treasury and SBA.
FNBO will provide PPP borrowers with a timely, efficient, and complete forgiveness application process through our Customer Portal as forms and guidance are finalized. As we build a streamlined process, we are paying close attention to all aspects of PPP forgiveness that the US Treasury and SBA are continuing to develop. We are finalizing the Customer Portal to make the processes as easy as possible for you.
We anticipate that in late July our process for PPP forgiveness will open through the Customer Portal. This timing is dependent on receiving final guidance from the SBA that will be incorporated into our forgiveness process. At that time, we will communicate to all PPP borrowers via email that the portal is open and available to submit your forgiveness application. We do not need any forgiveness application materials from borrowers at this time.
We encourage you to regularly visit the Treasury website regarding PPP, especially the “For Borrowers” section and the “Program Rules” section, as well as the recently published applications and instructions for forgiveness. It will be helpful to familiarize yourself with these forms. Please note, in addition to the regular application, the SBA has created a form EZ that may be applicable to you if certain conditions apply.
As a reminder, we will communicate out to all FNBO PPP borrowers via email when the customer portal is open and available to submit forgiveness applications.
As a lender, we are relying on our applicants’ independent certifications, and we cannot make determinations for our applicants on matters that they are certifying. If you are unsure about your eligibility for or responsibilities under the PPP, you should seek out advice for your situation from an accountant, attorney, or other professional advisor.
Below are state and local resources with COVID-19 specific information or resources, serving businesses in our footprint.