Recipients of the Paycheck Protection Program loan from CNB are currently being invited to access the online PPP Forgiveness Application by email invitation only on a rolling basis. In an effort to be efficient with our borrowers efforts, CNB elected to segment the access to the application while we waited for final guidance from the Small Business Administration and our legislators, in anticipation of a simplified process and documentation requirement for loans of a certain size.

The final guidance has now been provided and resulted in a simplified loan forgiveness application and process for borrowers in this loan amount category. At this time, we are ready to invite our borrowers with loans of $50,000 and under and will do so by email invitation.

Please note the following important time frames associated with PPP loans:

• Your loan forgiveness application may be submitted at any time during the life of the loan, provided it is received before the maturity date of the loan. However, if you do not apply for loan forgiveness within 10 months after the last day of your loan forgiveness covered period, loan payments are no longer deferred and you must begin making payments on the loan.
• Your covered period is up to 24 weeks following the date of the disbursement of funds. This is your allowable time to identify qualifying expenses for which loan proceeds were used. The covered period cannot extend past 12/31/2020. 

As referenced, if you have not already received your email invitation, you will soon receive an email from CNB Customer Portal [email protected] that will contain your invitation to the online application portal and access to specific loan information. This invitation is only valid for a 7 day period. We encourage all to confirm your enrollment and establish a password for future logins as soon as this email is received. Please note and keep this password for subsequent use.

Use of the online portal is required (i.e., no paper applications will be accepted) for the forgiveness application process. Once initial log-in steps are complete, participants may access the application at any time utilizing the established personal password on our website at CNBank.com/PPPLoanForgiveness.

PLEASE NOTE: The forgiveness application must be completed by the same Authorized Signor that completed the original loan application.

Visit CNBank.com/PPPLoanForgiveness for more information or to access the application once your credentials have been established.