Photo of Paycheck Protection Program application

Paycheck Protection Program

Paycheck Protection Program (PPP) Updates:

Important Update. Please Read.
Effective Wednesday, February 24, 2021, the Small Business Administration (SBA) will ONLY be accepting PPP applications for businesses and non-profits with fewer than 20 employees until March 9, 2021 as mandated by Congress. 

During this 14-Day window, the SBA will reject new applications from borrowers with 20 or more employees. Each employee counts as one, regardless of full-time, part-time, or seasonal. 

This will allow lenders, like CNB Bank, more time to work with small businesses in submitting their applications. The mandate will also allow enough time for larger businesses to apply and receive support from the program before it expires on March 31, 2021. 

Please visit the SBA website for more information.

Great news! We are ready to begin accepting applications once again for the Paycheck Protection Program (PPP) through our cloud-based portal. Applications are being accepted through this link for First Draw PPP loans or for Second Draw PPP loans for customers who did no utilize CNB Bank for their first PPP loans. 
Many of you utilized CNB Bank for your first PPP loan and a personalized link will be emailed directly to the email address on file.  
For Second Draw customers who did not utilize CNB for their first PPP loan, you must have your SBA loan number from the first PPP loan.

We ask for your patience as we work through the early stages of this process. We anticipate a few bugs in the system but will be working closely on each application to ensure they are processed in a timely manner.

All applications will be accepted through our portal.
The portal will simplify the process for you by:
  • Automating the completion of the First or Second Draw Application complete with e-signature
  • Assisting with the calculations to help clients receive the maximum amount for which they are eligible
  • Providing a secure portal to upload supporting documentation for their request 
Apply now


(*This is for reference only. Applications will be accepted through our cloud-based portal)
(*This is for reference only. Applications will be accepted through our cloud-based portal)

Congress passed and President Trump signed into law the Consolidated Appropriations Act of 2021, a $900 billion bipartisan Covid-19 relief package. This new stimulus bill includes a second round of Paycheck Protection Program (PPP) funding.

Below are some of the highlights of the bill in regards to PPP funding:

  • The bill reopens the Paycheck Protection Program so that some of the hardest-hit small businesses can apply for a second loan. It allows for first-time loans. 

  • Limited to those businesses with fewer than 300 employees.

  • Must have a reduction in revenue for any 2020 quarter of at least 25% compared to the same quarter in 2019.

  • Maximum loan amount will be 2.5 times average monthly payroll or $2 million, whichever is less. However, businesses in the restaurant and hospitality industries may be eligible for loans 3.5 times average monthly payroll up to $2 million. 

  • 501(c)(6) entities are generally eligible with the exception of entities in which 15% or more of their revenue is from lobbying activities. 

Also included in the package are reforms to the current PPP program:

  • EIDL Advance fix.

    • The prior provision which required an EIDL advance to be deducted from the forgiveness decision has been repealed. The bill requires the SBA to make borrowers whole if they have already received forgiveness and the EIDL advance was deducted from that amount. If you have already submitted your PPP forgiveness application, please wait for additional guidance as it relates to this aspect of the law. The law provides that the SBA has 15 days from date of enactment to issue rules related to how the repeal works and how they will make borrowers whole.

  • Expenses are tax deductible. The new law provides that business expense paid with forgiven PPP loan proceeds may be deducted from taxable income. As always, we suggest that you speak with your accountant regarding this topic. 

  • Simplified forgiveness for smaller loans.

    • For PPP loans of $150,000 or less, including those loans from the first round of the program, may submit a one-page attestation of compliance with program requirements. The law provides that the SBA must create this form within 24 days of enactment. We understand that many of you have already submitted a forgiveness application. Please be patient with us as we work to learn more about this process.  

For any questions or concerns regarding the Paycheck Protection Program, please email for assistance.  We're right here and stand ready to assist you with your PPP needs.

Email Updates

January 15, 2021 Agent Communication
October 9, 2020 Forgiveness Update
October 1, 2020 Forgiveness Update
September 11, 2020  Forgiveness Update
August 10, 2020  Forgiveness Update
July 13, 2020 PPP Update
July 10, 2020 PPP Update
June 26, 2020 Forgiveness Update
June 12, 2020 Forgiveness Update
June 10, 2020  Forgiveness Update