PPP Resource Center

December brings live forgiveness portal for CNB PPP customers

We’re proud to announce that since early April, our lending teams have successfully submitted 120 PPP applications and helped secure nearly $8 million in emergency relief for our customers.

And as of Dec. 8, our online forgiveness application portal is live




Before starting your application, we recommend the following:

  • Review our PPP FAQs to ensure you have all the information your application will require
  • Complete our PPP forgiveness worksheet to ensure you’re ready to apply, and:
    • Have information about your loan in hand
    • Have exact expense calculations ready
    • Have support documentation for expenses ready

PLEASE NOTE: after you’ve begun your application, you can stop and access it again anytime later by clicking the “Resume Application” button on your welcome email from our forgiveness portal vendor, Epic River ProSign Online. The email will look like the image below.

Also, if you are submitting changes or corrections to your application, you’ll need to upload the supporting attachments each time you submit the application.

To receive confirmation that your application was received, send us an email at SBALending@cnb-usa.com.

After applying, expect confirmation to take up to a few weeks. Our lending team will let you know as soon as we receive confirmation from the U.S. Small Business Administration.

Ready to apply? You can access the online forgiveness application portal by clicking the link above.

As always, please let us know how we can help through the process, and thank you for choosing #OurCommunity.

Read our most recent PPP update email here

PPP loan forgiveness FAQ

How can I apply for PPP forgiveness?

Our lending teams are preparing an online forgiveness application portal for our PPP customers.

When can I apply for PPP forgiveness?

We expect to announce the opening of our online portal after Veteran’s Day 2020.

What will I need in order to apply for forgiveness?

Please use our PPP loan forgiveness worksheet to assist in your calculations and to prepare for the online forgiveness application. This worksheet can be uploaded as supporting documentation when you apply for forgiveness.

What applicant details from your PPP loan you’ll need:

  • loan number
  • borrower name (person or entity named as PPP borrower)
  • EIN/TIN for borrower
  • disbursement date of your PPP loan (the date you signed documents and received funds)
  • if you received an EIDL (Economic Injury Disaster Loan) loan advance from the SBA, you’ll need those details, as EIDL will affect your PPP forgiveness amount
  • number of employees at the time of PPP application
  • number of employees at the time of PPP forgiveness application
  • select a “covered period” or “alternate covered period” for your eligible expenses

What payroll expense documentation you’ll need:

  • wages/cash compensation documentation (bank statements, payroll reports, Form 941 for the periods that overlap with the covered period for expenses)
  • state payroll tax documentation (if applicable, state quarterly unemployment insurance tax filings for the periods which overlap with the covered period for expenses)
  • benefits documentation (if applicable: payment receipts, cancelled checks or account statements documenting the amount of employer contributions to employee health insurance and retirement plans)
  • special note for owner compensation: if you plan to include any compensation to the owners in the forgiveness application, there are special rules and limits which will apply based on the type of legal entity. Our worksheet will help you identity which limitations apply

Non-payroll expense documentation you’ll need:

  • business mortgage interest payments documentation: lender amortization schedule or receipts, cancelled checks or statements
  • business rent or lease documentation: copy of the current lease agreement and receipts or cancelled checks or account statements from the lessor
  • business utility payments documentation: copy of invoice from Feb. 2020 and those paid during covered period and receipts, cancelled checks or account statements

How soon will my forgiveness application be processed?

  • we expect the process to take several weeks after we receive all applicable documentation in order to approve the request and submit it to the SBA

What if my PPP loan amount is over $50,000? If your PPP loan amount was over $50,000, there are additional documentation requirements which may apply:

  • additional FTE (full-time equivalency) documentation to verify average FTE on payroll. Some applicants will be prompted to enter individual employee compensation amounts directly into the forgiveness online portal
  • documentation of wage reductions for employees making less than $100,000 annually (if applicable)
  • documentation regarding any employee job offers which were refused; firings for cause; voluntary resignations; and written requests by employees for reduction in their work schedule

What about upcoming auto-debit loan payments scheduled?

  • the PPP Forgiveness Flexibility Act automatically applied a statutory extension for all PPP loans. No auto-payments will be debited and no payments are due until your forgiveness application has been processed and SBA has paid us the forgiveness amount on your behalf

As always, please contact your lender if you have any questions or need assistance preparing for PPP loan forgiveness.

Thank you for choosing #OurCommunity.

What is the Paycheck Protection Program?

The Paycheck Protection Program is a $350 billion small business relief program created when The CARES Act — a COVID-19 stimulus bill — was written into law. The PPP is a joint program administered by the Small Business Administration (SBA) and the U.S. Department of the Treasury. It is designed to provide funds for businesses impacted by forced closures and slow consumer demand due to the spread of COVID-19.

Read more about the Paycheck Protection Program.

FAQs for PPP borrowers.


Is Community National Bank an SBA-approved lender?

Yes. Community National Bank is an SBA-approved lender and an approved PPP lender.


More information about the PPP program, from the United States Department of the Treasury:

What other documents will I need to include in my application?

You will need to provide your lender with payroll documentation.

Do I need to first look for other funds before applying to this program?

No. We are waiving the usual SBA requirement that you try to obtain some or all of the loan funds from other sources (i.e., we are waiving the Credit Elsewhere requirement).

How long will this program last?

Although the program is open until June 30, 2020, we encourage you to apply as quickly as you can because there is a funding cap and lenders need time to process your loan.

How many loans can I take out under this program?

Only one.

What can I use these loans for?

You should use the proceeds from these loans on your:

  • Payroll costs, including benefits
  • Interest on mortgage obligations, incurred before February 15, 2020
  • Rent, under lease agreements in force before February 15, 2020
  • Utilities, for which service began before February 15, 2020

What counts as payroll costs?

Payroll costs include:

  • Salary, wages, commissions, or tips (capped at $100,000 on an annualized basis for each employee)
  • Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit
  • State and local taxes assessed on compensation
  • For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee

Does the PPP cover paid sick leave?

Yes, the PPP covers payroll costs, which include employee benefits such as costs for parental, family, medical, or sick leave. However, it is worth noting that the CARES Act expressly excludes qualified sick and family leave wages for which a credit is allowed under sections 7001 and 7003 of the Families First Coronavirus Response Act (FFCRA) (Public Law 116–127).Learn more about the FFCRA’s Paid Sick Leave Refundable Credit online.

How large can my loan be?

Loans can be for up to two months of your average monthly payroll costs from the last year plus an additional 25% of that amount. That amount is subject to a $10 million cap. If you are a seasonal or new business, you will use different applicable time periods for your calculation. Payroll costs will be capped at $100,000 annualized for each employee.

How much of my loan will be forgiven?

You will owe money when your loan is due if you use the loan amount for anything other than payroll costs, mortgage interest, rent, and utilities payments over the eight weeks after getting the loan. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.

You will also owe money if you do not maintain your staff and payroll.

  • Number of Staff: Your loan forgiveness will be reduced if you decrease your full-time employee headcount.
  • Level of Payroll: Your loan forgiveness will also be reduced if you decrease salaries and wages by more than 25% for any employee that made less than $100,000 annualized in 2019.
  • Re-Hiring: You have until June 30, 2020 to restore your full-time employment and salary levels for any changes made between February 15, 2020 and April 26, 2020.

How can I request loan forgiveness?

You can submit a request to the lender that is servicing the loan. The request will include documents that verify the number of full-time equivalent employees and pay rates, as well as the payments on eligible mortgage, lease, and utility obligations. You must certify that the documents are true and that you used the forgiveness amount to keep employees and make eligible mortgage interest, rent, and utility payments. The lender must make a decision on the forgiveness within 60 days.

What is my interest rate?

1.00% fixed rate.

When do I need to start paying interest on my loan?

All payments are deferred for 6 months, however interest will continue to accrue over this period.

When is my loan due?

In two years.

Can I pay my loan earlier than two years?

Yes. There are no prepayment penalties or fees.

Do I need to pledge any collateral for these loans? No. No collateral is required.

Do I need to personally guarantee this loan?

No. There is no personal guarantee requirement. ***However, if the proceeds are used for fraudulent purposes, the U.S. government will pursue criminal charges against you.***

What do I need to certify?

As part of your application, you need to certify in good faith that:

Current economic uncertainty makes the loan necessary to support your ongoing operations.

  • The funds will be used to retain workers and maintain payroll or to make mortgage, lease, and utility payments.
  • You have not and will not receive another loan under this program.
  • You will provide to the lender documentation that verifies the number of full-time equivalent employees on payroll and the dollar amounts of payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities for the eight weeks after getting this loan.
  • Loan forgiveness will be provided for the sum of documented payroll costs, covered mortgage interest payments, covered rent payments, and covered utilities. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.
  • All the information you provided in your application and in all supporting documents and forms is true and accurate. Knowingly making a false statement to get a loan under this program is punishable by law.
  • You acknowledge that the lender will calculate the eligible loan amount using the tax documents you submitted. You affirm that the tax documents are identical to those you submitted to the IRS. And you also understand, acknowledge, and agree that the lender can share the tax information with the SBA’s authorized representatives, including authorized representatives of the SBA Office of Inspector General, for the purpose of compliance with SBA Loan Program Requirements and all SBA reviews.


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