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If you have questions regarding the Paycheck Protection Program (PPP), please email us at:

PPP Forgiveness Update

The Farmers Bank is gearing up to launch our online PPP forgiveness application portal. We will reach out to each borrower with a link to our forgiveness portal to begin the application process once it is ready.

In the meantime, review the “Before you start your application borrower guide” listed below for more information. We have also provided a list of documents that will be needed to process PPP forgiveness applications along with other resources that can help businesses prepare for the forgiveness application process.

The U.S. Treasury and the SBA have continually modified the PPP guidelines since the program started. We recommend that you continue to watch for updates regarding the PPP and its guidelines throughout the loan process, including how you may use the proceeds, which expenses may be paid using the proceeds, and any additional guidance that may be issued on loan forgiveness. You can find detailed information on the SBA and U.S. Treasury websites.

There are important guidelines outlined by the SBA for how you spend PPP funds and your eligibility for loan forgiveness.

  • All or some portion of the loan principal and accrued interest can be forgiven if you use the loan funds for purposes that fully meet the forgiveness requirements issued by the SBA.
  • The amount of your loan that is forgiven may be reduced if you do not completely follow the requirements.
  • The actual amount of the forgiveness will depend, in part, on your use of all of the loan funds for forgivable purposes and whether you maintain employee and compensation levels during the required periods.
The recently enacted Paycheck Protection Program Flexibility Act (PPPFA) changes some of the guidelines related to forgiveness of PPP loans. We recommend that you study the PPPFA carefully. Consult an attorney, accountant, or other professional advisor regarding how it may specifically impact your particular situation. The Farmers Bank cannot provide legal, tax or accounting advice.  You should consult your own counsel, accountant and other advisors to evaluate your individual facts and circumstances in connection with PPP loans and the forgiveness process.

PPP Loan Forgiveness Resources