PPP Loan Forgiveness Update

St. Francis de Sales received approval from the SBA (Small Business Administration) and our bank, Cornerstone National Bank, granting full forgiveness of our 1st draw PPP loan in the amount of $513,600.00. St. Francis de Sales will seek forgiveness of our 2nd draw PPP loan in the same amount as our first submission as we near the end of August, 2021. We are very excited and grateful to be granted this initial forgiveness and remain hopeful that subsequent forgiveness will also be granted for our 2nd draw PPP loan.