Paycheck Protection Program Critical to Small Business Survival

FNBO Supports Over 7,300 Businesses Through Paycheck Protection Program Loans

    Paycheck Protection Program Critical to Small Business Survival

    This year has been a time of uncertainty for many small businesses. Between having to temporarily close their doors or adapt their business models, small businesses have struggled to remain open and keep staff employed.

    Through the Paycheck Protection Program (PPP), small businesses across the country have received access to critical funding. FNBO is proud to share that we have provided over 7,300 businesses with more than $800 million in funds through Paycheck Protection Program Loans that helped preserve an estimated 90,000+ jobs. Additionally, we provided support in the form of payment deferrals and other financial relief options.

    FNBO is honored to support small businesses in the communities we serve. The assistance provided through the Paycheck Protection Program helped keep the doors open and people at work. Below is just a small sample of the businesses FNBO worked with to provide access to much needed PPP funding.

    Read Our Customer Stories

    Beyond Envy

    Beyond Envy Salon

    Beyond Envy, a salon located in North Platte, Nebraska, was mandated to close for seven weeks during the initial stages of the coronavirus pandemic. To adapt their business model, the salon added all of its products to its website and began doing curbside pickups for products and boutique items. During this time, salon owner Sophia Klein was forced to rely on her savings to remain open.

    To keep her staff on payroll and pay bills, Beyond Envy sought a PPP loan with the help of FNBO. To secure the loan, Klein worked with Commercial & Agribusiness Banking Officer Chance Schilling. “Chance worked all hours of the day and night helping us. I am very impressed by how helpful FNBO was with our application,” Klein said.

    Not only did this loan help Beyond Envy remain open, it helped the stylists weather the pandemic as well. “I believe this loan helped save my business. Because the stylists weren’t working, they weren’t able to pay their booth rent. With the help of the loan, I was able to waive their rent and lift that burden from them. This loan was able to help a total of 16 families and I will be forever grateful for that,” Klein said.

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