CARES Act Information

Preparing Your Loan Forgiveness Application

Thank you for choosing F&M Bank to process and service your Paycheck Protection Program (PPP) loan. We hope the funding has positively impacted your business and provided a sense of financial security amid crisis. Your small business makes our community a better place to live, work and play, and it was a great honor to help you obtain loan approval.

Obtaining the loan was the first step. We are here to assist you in preparing your application for forgiveness and what required documents may be applicable.

PPP Loan Forgiveness Update

We have been working internally to create a streamlined, effective process, and a portal has been established to process PPP loan forgiveness applications. All customers have received an email inviting you to our PPP Loan Forgiveness Portal where you will be asked to create an account. Once your account has been created, you can access the portal directly at this link. If you have not received an email invitation, please notify us at

Form 3508EZ or 3508

Upon account creation, you will be prompted to complete a questionnaire that determines your eligibility for the EZ form. If you meet that criteria, you will be directed to the 3508EZ Form. If not, you will work your way through the complete 3508 Form. If you begin the EZ form, but would prefer to complete the entire 3508 form, you may switch to the full form.

Throughout the form, you will notice some fields, like business name and loan number, are pre-filled for your convenience. As you enter your financial information, the forgiveness amounts will automatically calculate, similar to a solution like Turbo Tax. Once you sign and submit your application, the F&M Bank team will take over.

Form 3508S

As you may be aware, the SBA recently released the 3508S form for loans totaling $50,000 or less. This form was developed to simplify the forgiveness application. Upon account creation, please follow the steps the complete the 3508S form.

PPP Loan Additional Assistance

If at all possible, please use the portal to fully complete your application.

It is recommended that you consult with your tax advisor, legal counsel or a bookkeeping service to assist your business if necessary.

Please, contact your loan officer with any questions. For additional information, please refer to the SBA’s website.

We are Here for You

F&M Bank is your financial partner – we help you navigate challenge and celebrate in your success. We would like to invite you to continue your banking relationship with our institution after the PPP process has ended and would love the opportunity to continue meeting your financial needs for years to come!

We will continue to stay in touch regarding your PPP loan and the documentation required for loan forgiveness. However, if you have any questions along the way, or would like to discuss personal or business banking solutions, please do not hesitate to contact your loan officer or nearest branch location.