Last Updated: 9/3/20
FNB is offering several programs to support our customers who are directly impacted. All programs are subject to bank approval and information regarding specific solutions can be found below. To find the updates regarding FNB's response to the coronavirus, including additional measures the Bank is taking, click Learn More below.
The Paycheck Protection Program is a major component of the Coronavirus Aid, Relief, and Economic Security (CARES) Act which provides 100% federally guaranteed loans to small businesses. The loans may be forgiven if small business borrowers maintain their payrolls or restore the number of employees and/or salaries affected by the crisis by December 31, 2020.
FNB is working to develop our Paycheck Protection Program Forgiveness Portal. If you have a paycheck Protection Program Loan through first National Bank, this portal will allow you to complete the forgiveness application that will be submitted to the SBA. We will send you an email with specific instructions on how to apply when the Paycheck Protection Program Forgiveness Portal is available.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. The SBA will forgive loans if all employees are kept on the payroll for a defined period of time and the money is used for payroll, rent, mortgage interest, or utilities.
How You Can Prepare
If you have a Paycheck Protection Program Loan through First National Bank there are some steps you can take to get ready for the forgiveness process. You can apply for forgiveness any time on or before the loan is expected to be paid in full so you have time to gather the necessary information.
1. Review the SBA's PPP Program Forgiveness Guidelines
2. Familiarize yourself with the governments forgiveness application; don't worry, we will walk you through the steps in our Forgiveness Portal.
3. Gather your payroll and expense information as outlined in the government instructions
Expand the item that best fits your current situation for information regarding your application or loan.
Businesses facing financial difficulties related to COVID-19 are encouraged to contact their local banker, relationship manager, or FNB Customer Service Center at 1-800-555-5455 to discuss their individual circumstances and potential solutions available to them.
Individuals facing financial difficulties related to COVID-19 are encouraged to schedule an appointment to contact their local banker or call FNB Customer Service Center at 1-800-555-5455 to discuss their individual circumstances and potential solutions available to them.
Mortgages & Home Equity
If you are experiencing a financial hardship due to COVID-19, we may have programs available to assist you. To discuss your situation and possible solutions, please send an email to fnbmortgageassistance@fnb-corp.com or call 1-877-341-6974.
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1 - All applications are subject to review for verification of eligibility to participate in the Small Business Administration (SBA) Paycheck Protection Program (Program) and FNB maintains discretion to require additional underwriting or federal regulatory compliance information or documentation for due diligence purposes. All applications submitted are not complete until approved by FNB and accepted by the SBA. FNB cannot guarantee the timing of the submission of your loan to the SBA or that your loan will be approved by FNB or accepted by the SBA. FNB is not responsible for any false or misleading information provided by an applicant in any application for relief under the Program. FNB will not pay Agents for assistance they may provide an Applicant in obtaining a Program loan.
