Great News! We’re excited to share that the SBA has authorized additional PPP funding and we plan to open our portal to both new and second-draw PPP loan applications next Tuesday, January 19.
As with the earlier rounds of the program, we will be offering applications through our online portal. We are working diligently to help make the process smooth and efficient for you.
Following are highlights for first- and second-draw PPP loans.
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.
With a new COVID relief package signed into law, there are many provisions that impact PPP, including the following:
The Small Business Administration and others are working on details and we will keep you up to date with additional information as it becomes available. Our portal remains closed to new PPP Forgiveness applications until we have further information on the requirements per the newly adopted relief package.
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.