Paycheck Protection Program Update:
During the first round of the U.S. Small Business Administration’s Paycheck Protection Program (“PPP”), CBW Bank processed hundreds of small business loan applications and offered support needed in these difficult times. CBW Bank will be reopening its PPP loan program pursuant to CARES Act II, which was passed by Congress on December 21, 2020 and any pending SBA rules and guidance. CBW Bank will continue to offer support and assistance to both its existing PPP borrowers and new small business borrowers.
If you did not receive a PPP Loan during the first round of PPP, you may still be eligible to receive a PPP Loan. You can access the application via this link:
Application
CBW Bank encourages both its existing PPP borrowers and any new small business borrowers to consult their accountants and legal counsel to determine what opportunities are available to them under the new legislation and rules, including whether they are eligible for a PPP loan. If you determine that your business would benefit from a PPP loan, you can get additional information regarding how CBW Bank may be able to assist you as follows:
PPP Round 1
If you did not receive a PPP Loan during the first round of PPP, you may still be eligible to receive a PPP Loan. If you are interested in applying for a PPP Loan through CBW Bank, you can access the application via this link:
Application
PPP Round 2
A new COVID-19 economic relief package will launch in the coming days including additional funding for PPP loans. PPP is expected to restart in early 2021.
Eligibility requirements for additional PPP financing will be different from the requirements for the initial PPP loan and you should consult your accountant or legal counsel to determine if your business will be eligible for additional financing. CBW Bank will notify its existing PPP borrowers when the application opens and provide a link to our application portal.
If you do not have an existing PPP loan with CBW Bank but interested in obtaining a PPP Round 2 loan, please contact us at SBAPPP@cbwbank.com
Personal Banking
CBW Bank offers personal banking services including Checking accounts, Money Market accounts and Certificate of Deposits. Please contact a personal banker for more information. Account opening forms are available in the forms section.
Business Banking
We offer a range of business banking services including Business Checking, Cash Management services, Commercial Loans and Remote Deposit Capture services. Please contact a business banker for more information.
Small Business
Our goal is help you achieve your dreams as you build your business. We offer best-in-class products to improve your productivity, whether it is automating your payroll deposits or streamlining your cash management, so you can focus on what you do best – growing your business. We can provide assistance towards SBA loan applications. Contact a CBW Business Advisor to learn how our banking products can help grow your business.
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