The Farmers National Bank of Emlenton appreciates the opportunity to service your Paycheck Protection Program loan. As we are approaching the timeframe for submitting application packages to the SBA requesting loan forgiveness, we wanted to take the opportunity to provide you, the borrower, with additional information.
Farmers National Bank is currently working on an online internet portal where the application and corresponding supporting documentation would be uploaded for Bank review. When the time comes to begin processing these requests through the secure portal, you will receive a personal invitation via email to complete and submit your application package. We believe this will make the process more efficient for borrowers and the Bank in reviewing these requests.
In order to assist you with preparing for the forgiveness application process, we are providing some additional resources and Farmers National Bank employee's contact information. Please find attached a PPP Forgiveness checklist of items that will be required (if applicable) to be submitted along with your application. A contact sheet of Farmers National Bank employees has been provided to assist you with specific questions regarding the Forgiveness application process.
As you may be aware, there is additional pending legislation in Congress that includes recommended changes to the Paycheck Protection Program. If approved, this new legislation would directly impact the loan forgiveness portion of the program. Therefore, we are awaiting the outcome on this legislation prior to proceeding with accepting forgiveness applications.
We respectfully request that you
submit applications or supporting documentation to the Bank at this time but await further details and instructions on how and when these should be uploaded for processing.
It is our goal to keep you informed on the process established for the forgiveness application receipt and ultimate submission to the SBA for approval. We look forward to assisting you with the forgiveness phase of the Paycheck Protection Program.
Robert A. Vernick
Senior Vice President
Chief Lending & Bus. Dev. Officer