The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.
Thank you for allowing Citizens National Bank to process your Payroll Protection Program (PPP) Loan through the SBA. While the final forgiveness procedures and process has yet to be finalized by the SBA, we wanted to ensure that you are beginning to gather the necessary information to apply for the forgiveness of your loan.
The SBA is going to provide final guidance in the very near future on what process you will use to apply for forgiveness. It is our plan to inform all of our PPP borrowers when this occurs but you also need to remain informed if the ruling occurs prior to our notification.
In the meantime, click the links below to read the letter and Exhibit "A" and to visit the SBA's official website for PPP- Loan Forgiveness.
For the most up-to-date information, please visit: https://www.sba.gov/document/sba-form--paycheck-protection-program-loan-forgiveness-application