PPP Forgiveness Knowledge Center

To deliver on F&M Bank's commitment to providing exceptional client support during the Paycheck Protection Program (PPP) loan process, F&M Bank has created this communication program to guide you through the forgiveness phase. We will engage in frequent communication via a series of emails, webinars, and FAQs designed to educate you about the requirements for requesting forgiveness. Please bookmark this page and consult it often for updates as SBA guidance is evolving.

Webinar Dates

Topic Webinar Content presented by Crowe LLP Date Sign up
"Overview of PPP Loan Forgiveness"
  • How will the amount of forgiveness be calculated?
  • What is the maximum amount of forgiveness I can receive?
  • What expenses are covered by the forgiveness amount?
  • How do changes in my number of employees affect loan forgiveness?
6/17/2020 Replay of Webinar

Download a PDF version
"Update on PPP Loan Requirements and Forgiveness Process"
  • Newly released SBA application and guidance
  • How to determine the forgiveness amount based on current guidance
  • A variety of hypothetical examples of forgiveness determination
6/24/2020 Replay of Webinar

Download a PDF version 
"Overview of PPP Loan Forgiveness for Faith-Based Entities"
  • Demonstrating how the forgiveness will be calculated
  • Hypothetical Examples of loan forgiveness
  • Identifying what documentation is required to apply for forgiveness
  • Answers to commonly asked questions for Religious Organizations
7/1/2020 Replay of Webinar

Download a PDF version
"Submission and Documentation of a Forgiveness Request"
  • The Simplified Forgiveness Application for loans of $50,000 or less
  • Specific steps for submitting a Forgiveness Application using the online Forgiveness portal
  • An explanation of the process once a request is submitted and the approximate time frame for Forgiveness determination
  • A comprehensive list of Forgiveness documentation to be submitted and the information necessary to maintain detailed recordkeeping
  • Examples of Forgiveness calculations.
10/21/2020 Replay of Webinar

Download a PDF version

Webinar Help

  1. I can’t see the presentation OR the audio isn’t working.
  2. I am signed up for the webinar, but can’t join the session.
  3. I’ve never been on a webinar before, how do I know my computer will be able to play the presentation?
  4. The functionality seems different from other webinars I’ve been on via GoToWebinar.
  5. I am not receiving any of the email reminders for the webinar.
  6. I am having trouble signing up for the webinar.
  7. How do I get slides from the presentation?
  8. I am having trouble with the webinar/webcast functionality.
  9. I asked a question during the webinar and it wasn’t answered, what now?

PPP Top Questions

  1. When can businesses apply for loan forgiveness?
  2. How will businesses apply for forgiveness with F&M Bank?
  3. Are applications for forgiveness from 501(c)(3) non-profit organizations handled differently than other applications for forgiveness?
  4. If a business received EIDL, will this affect the PPP Loan Forgiveness?
  5. If a borrower made a mistake on the PPP Loan Application, can this be fixed on the Loan Forgiveness Application since the numbers may be in misalignment when compared to the original Loan Application?
  6. Can employers use 100% of the loan for payroll?
  7. Can businesses use unforgiven loan amounts for expenditures as they please? (And just accept the excess funds as a loan)


  • As a Borrower under the Paycheck Protection Program, it is your sole legal responsibility to comply with all laws and regulations applicable to Borrowers under the Small Business Administration Paycheck Protection Program (SBA PPP).
  • Farmers & Merchants Bank urges SBA PPP Borrowers to closely review the latest SBA PPP law, regulations and guidelines (Guidelines). The Guidelines can be found on the Small Business Administration and the Department of Treasury websites: www.SBA.gov and www.Treasury.gov. Farmers & Merchants Bank cautions you that the Guidelines are evolving. The Small Business Administration periodically updates the Guidelines. Some updates modify prior Guidelines, other updates provide further clarification.
  • Farmers & Merchants Bank does not provide legal, tax, or accounting advice. Individual facts and circumstances vary from Borrower to Borrower which will impact any answers regarding any interpretation of questions. You should consult with your legal, tax, and accounting advisors to obtain advice regarding your specific situation. Our education materials and communications should be considered in connection with, and are not intended to replace or serve as a substitute for, your close review of the Guidelines, and legal, tax or accounting advice you are urged to obtain from your tax, accounting and legal advisors.
  • Our communications are summaries or excerpts of the Guidelines, and may contain our opinions or interpretations of the Guidelines. There may be interpretations that are valid that differ from our interpretations and opinions. You are cautioned against placing undue reliance on our views and our educational materials.