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Paycheck Protection

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How to Apply

FNB Bank is a participating lender in the Small Business Administration (SBA) Paycheck Protection Program (PPP). The goal of the PPP is to allow small businesses to keep their employees on the payroll, or bring them back on the payroll if they have been layed off.

On Friday, April 24 the SBA also released formal guidelines for the first time for exactly how maximum loan amount is to be calculated, as well as increased documentation requirements for applications submitted on or after Saturday, April 25. You can view the rules by clicking here. The rules are incorporated in our instructions below.

Administering the PPP program has proven to be very resource-intensive for our bank, and we have learned that while we would like to be able to help everyone in our trading area, we have had to limit ourselves to applications from companies and individuals that have an existing loan or deposit relationship with FNB Bank. We anticipate that limitation will remain through the life of the PPP program.

To submit your application, follow the steps below.

Step 1: Download and complete the Paycheck Protection Program application. Click here to download the Borrower Application Form .

Step 2: Gather the required information. See the list below that represents our interpretation of the SBA requirements. Please understand that we may require additional information as we process your application.

Step 3: Click here to upload your signed application along with your supporting documentation.


Information required with your application

Changes mandated by the April 24 SBA guidance are in italics.

  • For corporations that pay employees and issue them W2s, including 501(c)(3) non-profit companies:
    1. Payroll information for 2019: IRS Form 941, line 5c column 1 (4 quarters). Note: Expenses for 1099 contract employees cannot be included, as they are eligible for PPP directly as independent contractors.
    2. A completed FNB Bank Loan Worksheet for Corporations. Click here for the Excel version or Click here for the PDF version The worksheet will allow you to enter:
      • Amounts paid for employee benefits such as group health care and retirement plans. (Portion of Form 1120 line 24 or Form 1120-S line 18 attributable to health insurance, plus Form 1120 line 22 or Form 1120-S line 17).
      • The amount, in dollars, paid to employees at a rate of greater than $100,000 per year per employee.
      • The amount, in dollars, paid to employees who are not full time US residents.
      • 2019 payments for state and local taxes assessed on wages, such as SUTA.
    3. If you include employee contributions to health insurance or employee retirement plans, documentation of expenses must be provided.
    4. If you include state unemployment insurance taxes (SUTA), state quarterly wage unemployment insurance tax reporting forms are required.
    5. Evidence you were in business on or around February 15, 2020, such as payroll reports or company financial statements for the period.
    6. A copy of both sides of the driver license or other government-issued photo ID of any individuals that own 20% more of the company and the individual authorized to sign on behalf of the company.

  • For self-employed and sole proprietors who file taxes on Schedule C or Schedule F:
    1. A completed 2019 Schedule C or F, even if it is an unfiled draft.
    2. A completed FNB Schedule C Worksheet spreadsheet. Click here for the Excel version or Click here for the PDF version.
    3. Evidence of 2019 self-employment income, such as a 1099-Misc you received, invoices you sent, a financial statement for the business, or bank statement showing evidence that you are self-employed.
    4. Similar evidence as above that you were in business on or around February 15, 2020.
    5. If you have employees who are issued W2s (including yourself), payroll information for 2019: IRS Form 941, line 5c column 1 (4 quarters). Note: Expenses for 1099 contract employees cannot be included, as they are eligible for PPP directly as independent contractors.
    6. If you include employee contributions to health insurance or employee retirement plans, documentation of expenses must be provided.
    7. If you include state unemployment insurance taxes (SUTA), state quarterly wage unemployment insurance tax reporting forms are required.
    8. A copy of both sides of the driver license or other government-issued photo ID of any individuals that own 20% more of the business.

  • For partnerships that file form 1065
    1. A completed 2019 form 1065, even if it is an unfiled draft.
    2. A copy of all schedule K-1’s
    3. A completed FNB Bank Form 1065 (Partnership) Worksheet. Click here for the Excel version or Click here for the PDF version.
    4. A list of the active partners, including name, address, and social security numbers, and percentage ownership.
    5. If you have employees who are issued W2s (including yourself), payroll information for 2019: IRS Form 941, line 5c column 1 (4 quarters). Note: Expenses for 1099 contract employees cannot be included, as they are eligible for PPP directly as independent contractors.
    6. If you include employee contributions to health insurance or employee retirement plans, documentation of expenses must be provided.
    7. If you include state unemployment insurance taxes (SUTA), state quarterly wage unemployment insurance tax reporting forms are required.
    8. Evidence you were in business on or around February 15, 2020, such as payroll reports or company financial statements for the period.
    9. A copy of both sides of the driver license or other government-issued photo ID of any individuals that own 20% or more of the business.

  • For LLC companies
    1. If you file taxes on Schedule C, see sole proprietor requirements above.
    2. If you file taxes as a Subchapter-S corp, the same information listed above for as required for corporations.
    3. If you file taxes as a partnership, the same information listed above for as required for partnerships.
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