Paycheck Protection Program
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
Please note, funding is contingent upon SBA approval and may take several business days to process.
FNB Community Bank is only accepting applications from FNB commercial deposit account customers.
May Be Forgiven
Funds are provided in the form of loans that may be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.
Must Keep Employees on the Payroll—or Rehire Quickly
Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.
All Small Businesses Eligible
Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors — are eligible. Businesses with more than 500 employees are eligible in certain industries.
When to Apply
Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap.
Paycheck Protection Program (PPP) Borrower Information Sheet
How to Apply
Step 1 - Fill out PPP Application (pdf fillable)
- 2019 Payroll summary
- 941 report
- YTD Payroll report from payroll software itemizing all employees
- Exclude excess over $100,000 for employees who are paid over $100,000.
- 12 month average Monthly Rent Expense
- 12 month average monthly mortgage interest expense
- 12 month average monthly utility expense
Step 2 - Return completed application and supporting documentation to FNB Community Bank
- Drop off the application at FNB's main location or complete form below.
The Paycheck Protection Program is implemented by the Small Business Administration with support from the Department of the Treasury.