Paycheck Protection Program (PPP)
Central Pacific Bank’s Paycheck Protection Program (PPP) loan portal has no current plans to accept applications.
Looking for PPP loan forgiveness information, including FAQs?
Find it here.
Email us at [email protected] or call us at 808-544-6865.
ABOUT THE PROGRAM
As part of the CARES act, the Federal Government authorized aid toward job retention and certain other expenses.
The Paycheck Protection Program (PPP) was created to provide rapid funding to small businesses in the form of a forgivable loan.
All loans have the same terms, regardless of which lender you chose to work with.
This communication is as of June 7, 2020 and is intended to assist PPP applicants/borrowers in understanding and complying with the Paycheck Protection Program (“PPP”) laws, regulations, requirements and rules (collectively “PPP Rules”). This is only a general description/summary of the matters covered herein. PPP applicants/borrowers should consult the PPP Rules for the complete coverage. Central Pacific Bank (“CPB”) is not rendering any legal, tax, accounting, business or other advice to PPP applicants/borrowers in connection with the PPP which is a federal government program and subject at all times to the PPP Rules as they may be changed, amended or supplemented at any time by the federal government. PPP applicants/borrowers are strongly encouraged to seek the advice of legal, tax, accounting, and other professional advisors respecting the PPP. PPP applicants/borrowers are solely responsible for determining their eligibility for the PPP and compliance with all PPP Rules, and shall not rely on CPB or any employee or representative of CPB respecting the PPP Rules or any interpretation or application thereof. CPB has no obligation or responsibility to update this communication as additional PPP Rules are issued or if any PPP Rules are changed, amended or clarified. PPP applicants/borrowers must monitor the government’s PPP websites at https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses and https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program for any updates to the PPP Rules.