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.

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.

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.

Borrowers will receive an email from FNB (FNBPAemail@marketing.fnb-corp.com) inviting them to begin the PPP loan forgiveness application process based on the date their loan was funded. Upon receiving your email invitation to begin the PPP forgiveness application process, you will receive a link to access FNB’s online portal and instructions for creating your log-on credentials. You will need the following information to get started:

• Business Legal Name
• PLP/SBA Loan Number (located in your loan documents)
• Business Tax ID (EIN/SSN)

FNB's Online PPP Forgiveness Portal will guide you through a series of questions to help determine which of the SBA loan forgiveness applications is applicable to you.

• For loans $50,000 and less, the Small Business Administration recently released a streamlined loan forgiveness application. The two-page forgiveness application, SBA Form 3508S, includes certifications from the borrower but does not require calculations to be submitted with the application.
• For loans greater than $50,000, if you do not qualify for the streamlined SBA Form 3508EZ, you will be directed to use the SBA Form 3508 full application. Instructions for using both forms are provided within the Online Portal.

• Once the application has been submitted to FNB via the online portal, we will review the completeness of the application according to SBA guidelines and submit to the SBA. FNB has 60 days to review and submit the application to the SBA for their review and approval, though we will make every effort to process forgiveness applications as quickly as possible.
• If the application is incomplete, a representative of FNB will contact you directly to address any missing or incomplete information and resubmit the application.
• Once submitted, you will receive regular emails from FNB notifying you of changes to your application’s status as it moves through the review process.

Once FNB has submitted the application to the SBA, the SBA has 90 days to review and either approve the application as submitted (full or partial forgiveness) or disapprove the application for forgiveness.

During the SBA review, the SBA may request to perform a manual review of the customer’s application. If FNB receives this request, we will provide additional information including a copy of your original PPP Application, the PPP Forgiveness Application, the executed note, and your submitted payroll and non-payroll documentation. You will be automatically notified that the SBA has requested a manual review of your forgiveness application.

• If your application is approved by the SBA, the SBA will provide FNB with the funds to pay off the loan including any interest that has accrued up until the SBA forgiveness payment date. We will process these funds against your PPP loan to pay it off. You will receive notification that the loan has been paid in full.
• If the forgiveness is partially approved by the SBA, the SBA will provide FNB with the funds that have been approved for forgiveness. We will apply these funds to your loan and the outstanding balance will be amortized over the remaining term of the loan. You will begin to be billed for this loan within 45 days of the SBA decision.
• If the forgiveness is not approved by the SBA, the entire loan amount will be amortized over the remaining term of the loan. You will begin to be billed for this loan within 45 days of the SBA decision.
• If you wish to dispute the SBA decision on the amount approved or the disapproval of their PPP loan forgiveness, you must follow the instructions detailed in the Interim Final Rule. Unfortunately, in accordance with the SBA rules, FNB cannot assist you with this process.

For additional guidance to help you prepare for forgiveness, please visit FNB's PPP Loan Forgiveness FAQs.

In addition, the Small Business Administration (SBA), in consultation with the Department of Treasury, provides guidance to address borrower questions in the SBA PPP Program FAQs.

If you need assistance or have questions, please contact your banker during regular business hours, or call the PPP Forgiveness Call Center at 833-FNB-LOAN (833-362-5626), Monday through Friday from 8:00 AM – 6:00 PM ET.