GIVING BACK TO OUR COMMUNITIES!
On April 3rd, 2020, the Payroll Protection Program (PPP) was made available across the country allowing temporary loans 100% guaranteed by the Small Business Administration to qualifying businesses for payroll and other eligible expenses for an 8 - 24 week time frame. At the end of the covered time frame, or once the loan funds are properly utilized, businesses can apply for and receive "Loan Forgiveness" or complete payoff of the principal balance plus accrued interest of their PPP loan.
FNB has been a PPP participating lender since the program's inception. To date, FNB has funded $9,179,168 of PPP loans comprised of 315 bank customers! These loan funds have reached businesses that ultimately employ 1,260 people in our coverage area serviced by all three of our locations.
We will continue to participate in this unprecedented loan program during these unprecedented times.