Good Afternoon Paycheck Protection Program Borrower,
As you may be aware, the Economic Aid Act revised the forgiveness process for all Paycheck Protection Program (PPP) loans of $150,000 and less. In compliance with the legislation, the SBA released an updated Form 3508S in late January for borrowers meeting this criterion.

The forgiveness process was simplified in that borrowers with PPP loans of $150,000 and less are no longer required to submit supporting documentation of payroll and non-payroll costs associated with the PPP loan.
 
A Commercial Loan Officer will be contacting borrowers meeting this criterion who have not already applied for forgiveness starting on Thursday 2/4/2021. The Loan Officer will provide the new 3508S forgiveness application and assist with any questions at that time. If you do not have an email account, the 3508S will be available for pick-up at all Farmers National Bank branch offices. 
The new Form 3508S requires the following information for completion:
  • Borrower Information (Name, Address, EIN/SSN, phone #, and primary contact information)
  • NAICS Code (located on the first page of business tax returns)
  • SBA and Lender Loan Number
  • PPP Loan Amount
  • PPP Loan Disbursement Date
  • Employee Count (at time of loan application and at time of forgiveness application)
  • Covered Period
  • Amount of Loan Spent on Payroll Costs
  • Requested Loan Forgiveness Amount
Due to the sensitive nature of the information on the application, please do not return via regular email to any Farmers National Bank employee as it will not be accepted.
 
Please use one of the following methods to return the completed application:
  • Drop off at local Farmers National Bank branch office
  • Send via secure fax 724.498.0338
  • Request a secure email account registration link
The Vikar online portal will be updated to accept this new 3508S form in early March. If you prefer to wait and apply using the online portal, additional communication will be sent out in March when updating is complete with the capability to accept new forgiveness applications through this method.
Warm Regards,

Robert A. Vernick
Senior Vice President
Chief Lending & Bus. Dev. Officer
NMLS# 977437
The Farmers National Bank of Emlenton
612 Main Street
Emlenton, PA 16373
p: 844.882.6436
c: 724.991.9047
f: 724.867.9326