Paycheck Protection Program
No longer accepting applications. PPP Funds exhausted as of 5/4/2021.
After over a year of processing and funding Paycheck Protection Program loans, the SBA announced on Tuesday, May 4th that funding has been exhausted. All submissions which have already been reviewed and approved by the SBA will be funded and the Bank is actively pursuing the closing of these remaining loans. However, any new PPP applications will not be accepted by the Bank at this time and our online Vikar portal has been closed to new submissions.
At the beginning of the second round in January 2021, PPP loan funds were set aside for processing through Community Development Financial Institutions (CDFI) which still remains available to eligible borrowers. If you believe that you are eligible to apply through a CDFI please use the following link to visit the state website for additional information on the organizations servicing your county Community Development Financial Institutions.
In the event that additional funding becomes available through the program, any PPP loan application received by the Bank but not approved by the SBA prior to today will be reviewed and prepared for submission. A Loan Officer will be reaching out directly to any applicant in this situation to discuss further.
Should you have additional questions please contact your assigned Loan Officer or submit an inquiry to PPPGeneralInquiries@farmersnb.com.
We appreciate the opportunity to service your PPP loan needs. Additionally, in the near future, we will be reaching out to Round 2 PPP borrowers regarding loan forgiveness to assist with applications.