Status update on PPP round 3 CPB

The SBA has announced that it is accepting new and second draw PPP loan applications from larger banks like Central Pacific Bank beginning Tuesday, 1/19/21. We are working to have our portal open and available by this date. We will send you an email when the portal is open. Here are tips that will help you prepare.

• If you already have a PPP loan with us, you’ll be able to access the online portal using the same login ID and password you received for your forgiveness application.
  

Ensure you can log in here. If you have trouble, contact us promptly at pppserviceteam@cpb.bank or 808-544-6865.

• If you don’t have an existing CPB business checking or business savings account, you’ll be required to open an account in the name of the borrowing entity before applying for a PPP loan with us. To open a CPB business deposit account, please review the new account checklist and visit a branch that is convenient for you. Find locations and hours here.
  

• Plan to submit your PPP application through our online portal, as this ensures we’re able to submit it quickly to the SBA for approval. Applications will not be available in branch or by phone.

• Even if your first PPP loan was originated by another lender, you are welcome to apply for this next round of PPP with us.

The SBA has one-sheet PDFs with eligibility information about First Draw PPP and Second Draw PPP. You can also find updates and answers to frequently asked questions at cpb.bank/ppp. If you have questions about the next round of PPP, contact us at pppserviceteam@cpb.bank or 808-544-6865. Please remember, CPB will never ask for your personal or financial information via email or unsolicited text or phone call.