Skip to content

Paycheck Protection Program Loan & Forgiveness Guidance

Updated as of August 28, 2020


PPP Loan Assistance by the Numbers: We've been working hard for the good of our communities. Here's what 63 days of responding to local businesses looks like.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans to small businesses. A helpful FAQ from the SBA on PPP loans can be found here as well as supporting documentation on approvals through July 31, 2020.
Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. The administration soon will release more details including the list of lenders offering loans under the program. In the meantime, the U.S. Chamber of Commerce has issued this guide to help small businesses and self-employed individuals prepare to file for a loan.
To view all of the US Treasury’s current communications surrounding the Paycheck Protection Program Loan and the Economic Injury Disaster Loan, including FAQs visit their webpage


PPP Funding & Forgiveness

SBA Streamlines PPP Forgiveness Application for Many PPP Borrowers

The Small Business Administration today released a three-page “EZ” Paycheck Protection Program loan forgiveness application requiring less documentation and fewer calculations than previously required. Form 3508EZ applies to borrowers who meet any one of these three criteria:

  • Applied for the PPP loan as self-employed, an independent contractor or a sole proprietor with no employees.
  • Did not reduce salary or wages for any employee by more than 25%, and did not reduce the number or hours of their employees (excepting laid-off employees who refused an offer to return).
  • Did not reduce salary or wages for any employee by more than 25% during the covered period and experienced reductions in business activity as a result of health directives related to COVID-19.

The streamlined forgiveness form is expected to smooth the forgiveness application process for a substantial portion of PPP borrowers. SBA also updated the regular Form 3508 to reflect recent changes made by Congress in the PPP Flexibility Act and issued a new interim final rule that implements changes made by the PPPFA.


Download Form 3508EZ.

Download the instructions for Form 3508EZ.

Download the revised Form 3508.

Download the instructions for Form 3508.

Read the interim final rule.

First Northern Bank would like to guide you through the next stages of the Paycheck Protection Program loan process.

Next Steps: Funding & Forgiveness

The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. 
View Webinar - Loan Forgiveness Under the Paycheck Protection Program (recording) or download the slide deck here.
First Northern Bank offers this complementary and informative webinar presented by Moss Adams, LLP on 5/27/2020.

IMPORTANT DISCLAIMER: First Northern Bank is not affiliated with Moss Adams, LLP and is not responsible for the advice provided in this Webinar.


Economic Injury Disaster Loan (EIDL)

As of June 16, 2020, the SBA is now accepting new applications for COVID-19 Economic Injury Disaster Loans and Advance


COVID-19 Customer Support

As the coronavirus (COVID-19) pandemic continues to develop, First Northern Bank’s number one priority is the safety and well-being of its customers, employees and communities. We are very fortunate that everyone is pulling together to make this difficult time run as smoothly as possible at First Northern Bank. We are especially grateful for our amazing team of employees -they are taking the situation in stride and taking good care of our customers.

The Bank has taken prudent steps to ensure its branches and loan offices can remain open during this unprecedented health crisis. Enhanced cleaning procedures published by national health officials have been adopted and employees are practicing social-distancing. Customers have also been reminded of the available alternatives to branch banking: Mobile Banking, Online Banking, ATMs, Night Depository, and TeleBank. 

In addition, First Northern Bank has proactively developed a COVID-19 Customer Support Plan designed to provide relief to those business and consumer customers financially impacted by the current crisis.  The Plan includes:

  • Communications regarding the safety and soundness of America’s banks.  With FDIC Insurance on deposit accounts up to $250,000, banks are the safest place for your money.
  • Loan Assistance for those impacted by COVID-19
    • Waiver of all Late Fees for qualifying consumer, small business, commercial and agricultural loan customers for a period of 60 days (may be extended if economic circumstances dictate).  To qualify for this waiver, the borrower must not be past due more than 30 days on any loan as of March 1, 2020. This waiver is automatic for qualifying customers;  you will not need to request the waiver.
    • Payment relief options, please contact your branch or FNB’s Central Loan Department at (707) 678-0226 for details.
    • Delinquencies resulting from impacts of COVID-19 will not be reported to the credit reporting agencies.
    • Access to loan programs through FNB’s strong partnership with I-Bank and Small Business Loan Administration (SBA). More information on the SBA's Economic Injury Disaster Loans found here.
  • Deposit Account Assistance
    • Waiver of all Overdraft/Non-Sufficient Funds fees for all business and consumer customers for a period of 60 days (may be extended if economic circumstances dictate).  This waiver is automatic; customers do not need to request the waiver.
    • Increased Debit Card Limits for most consumer clients.
    • As a member of the MoneyPass ATM Network, FNB deposit customers have access to surcharge-free ATMs at over 50 locations within the Bank’s local footprint and hundreds more throughout the state.
    • Waiver of Early Withdrawal Charges for customers wishing to withdraw funds from their Certificates of Deposit.

First Northern Bank is committed to continuously monitoring the rapidly evolving impacts of COVID-19, and stands ready to assist its customers, employees and communities as we all navigate this challenging time together. 


ABA Offers Suite of Communications Resources on Economic Impact Payments


Since the CARES Act was passed, ABA has urged the IRS and Treasury to maximize the use of electronic disbursement methods when issuing economic impact payments rather than issuing paper checks in order to get payments to consumers faster and reduce the risk of fraud.

The association has also created several new resources for banks to help educate their customers about their economic impact payments. These resources include a series of commonly asked questions—which will be continually updated with the latest information from the Treasury Department—as well as consumer tips for avoiding fraud scams related to the economic impact payments.

Access the ABA's FAQs for Consumers

Access the ABA's consumer tips



Consumer Financial Protection Bureau Releases Video on How Mortgage Forbearance Works under CARES Act

The Consumer Financial Protection Bureau (Bureau) has released a video on how struggling homeowners can obtain mortgage forbearance if their finances are impacted due to the COVID-19 pandemic.

The Bureau has also issued additional information for consumers on mortgage and student loan payment relief and how to avoid scams. 

Below are the resources for consumers:

VIDEO: CARES Act Mortgage Forbearance: What You Need to Know

Guide to coronavirus mortgage relief options

What you need to know about student loans and the coronavirus pandemic

Beware of scams related to the coronavirus

Online and mobile banking tips for beginners



The Small Business Owner’s Guide to the CARES Act

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

Branch Hours Reinstated

Our first priority is the safety and wellness of our customers and employees. As of May 11, 2020, branch hours have been reinstated.
All branch lobbies will be open for regular business hours
Monday – Thursday: 9am – 5pm
Friday: 9am – 6pm
Sacramento branch only: Monday – Friday: 9am – 1pm, 2pm – 5pm
Drive-up or Walk-up Banking Available (Dixon, Davis, West Sacramento)
9am – 5pm, Monday - Friday
Online Banking, Mobile Banking, TeleBank, ATM and Night Depository are operational 24/7
You can also reach our Client Solutions Team at (877) 362-6000
9am - 5pm, Monday - Thursday
9am - 6pm, Friday


All First Northern Bank’s branches will remain open to serve its customers during this unprecedented national health emergency. We are focused on keeping our branches clean, promoting good health among our employees, and we are practicing ‘social distancing’. 

Should you prefer not to come into a branch to make a deposit, please use a FNB ATM (no envelope or deposit slip needed). The business night depository located outside our branches may also be used for deposits that do not exceed the height of the deposit slot;  just be sure to place your check, cash and deposit slip into a sealed envelope. We will process deposits in our night depositories multiple times throughout the day, up until 4pm. 


Beware of Potential Scams Using FDIC Name

In light of recent developments related to the coronavirus, the Federal Deposit Insurance Corporation (FDIC) is reminding Americans that FDIC-insured banks remain the safest place to keep their money. The FDIC is also warning consumers of recent scams where imposters are pretending to be agency representatives to perpetrate fraudulent schemes. For more intormation, visit the FDIC website here to read more.


Coronavirus Disease 2019 (COVID-19)

image of Coronavirus Disease 2019 (COVID-19)

Your Wellness Is Important to Us. 
First Northern Bank is Preparing for the Coronavirus.

As news about the Coronavirus continues to develop, we want to share with you that FNB has a 3-Phase Pandemic Plan in place for execution should the Coronavirus continue to escalate.  We have taken additional measures to keep our branches clean and to promote good health among our employees.  Our focus is to ensure you can access your money when you need it.

First Northern Bank will continue to monitor information from the Center for Disease Control, California Department of Public Health and local County Public Health sites.  We have provided links to these key sites on our website so you too can stay current.

FNB Customer Communications 

A Message from Louise Walker - March 9, 2020


Coronavirus Information

Share facts about COVID-19

Stop the Spread of Germs

What you need to know about Coronavirus Disease (COVID-19)

Symptoms of Coronavirus Disease 

What to do if you are sick with Coronavirus Disease



World Health OrganizationCenter for Disease Control (CDC)

      WO Logo                CDC Logo