Greetings from CNB Bank-
We recently sent an update on the Paycheck Protection Program (PPP) Forgiveness process and, as promised, would like to provide you with some new developments.
Many of you have completed the forgiveness application with us and we thank you. This has given our team time to work through any questions with you while processing your application.
We have learned the SBA has begun processing and approving forgiveness applications. This is great news! We urge you to join the 13% of PPP loan customers that have already submitted their forgiveness requests.
We have also learned the SBA and Treasury Department have released a simpler loan forgiveness application for PPP loans of $50,000 or less. This action will help to provide much needed relief to lenders and borrowers alike. If your PPP loan applies to this new ruling, your forgiveness link will reflect the change. If you have already applied, you do not need to do anything at this time.
If you did not receive your forgiveness application link from us or would like to have it sent to you again, please reply to this email or send a separate email to ppp@cnb.bank. We will send your link to you right away.
Our team stands ready to assist you with your forgiveness application. We thank you for your continued confidence in CNB Bank and we look forward to working with you in the future.
Warm regards,
Mark
Mark D. Harrell
President/CEO
We’ll get through this, learn a great deal, and be better on the other side!
101 S. Washington Street | PO Box 130 | Berkeley Springs, WV 25411
20 W. Washington Street | Hagerstown, MD 21742
304-258-7392 Office| 301-491-4543 Cell
