Here to Help with PPP Round Two
The Small Business Administration’s (SBA) second round of the Paycheck Protection Program (PPP) is now open to existing clients and first time applicants. During the first round, F&M Bank served 700 local businesses with loans totaling over $60 million. We know how difficult Covid-19 has been for our neighbors in small business, and we are here to help you find better days ahead.
Please, following the link below to Apply for Assistance, or if you are currently working with a member of our lending team, you may reach out directly.
Eligibility requirements include:
- Have fewer than 300 employees
- Have used or will use the full amount of their PPP funds from the first round
- Demonstrate at least a 25% reduction in gross receipts in the first, second, third, or fourth quarter of 2020 (relative to 2019)
- Your business is incorporated in Virginia or West Virginia
Internet browser requirements:
The PPP application portal runs best on the latest versions of the following internet browsers. Click on the names below to download the latest version:
Download the PPP Loan Documentation Checklist