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Paycheck Protection Program

Updated: May 7, 2021

We are not accepting new loan applications and are unable to submit applications to the SBA as the available general funds for the Paycheck Protection Program (PPP) have been exhausted. If additional funding for the PPP becomes available, we will update this page. For more information on the program, visit sba.gov/ppp.

The SBA Paycheck Protection Program was established as part of the CARES Act to help businesses keep their workforce employed during the Coronavirus (COVID-19) crises. Small businesses are able to apply for loans that may be 100% forgiven when used for eligible expenses. Visit sba.gov/ppp for more details and the latest updates on the Paycheck Protection Program.

Loan Forgiveness on 2020 Loans up to $150,000

If your business received a PPP loan in 2020 with Bank of Hawaii, you can now apply for loan forgiveness. Businesses with loans of up to $150,000 can use our streamlined application form for a quick and easy process.

Loan Forgiveness on 2020 Loans over $150,000

If your business received a PPP loan in 2020 with Bank of Hawaii, you can now apply for loan forgiveness. Gather your required documents in electronic form to expedite the forgiveness review process.

Loan Forgiveness on 2021 Loans up to $150,000

We’re awaiting additional guidance from the SBA on loan forgiveness for 2021 loans. We will email you an invitation to apply for forgiveness when we are ready for you to do so.

Loan Forgiveness on 2021 Loans over $150,000

We’re awaiting additional guidance from the SBA on loan forgiveness for 2021 loans. We will email you an invitation to apply for forgiveness when we are ready for you to do so.

More information or questions

For more information including the comprehensive program rules, visit sba.gov/ppp. If you have questions, review our FAQs or contact us.

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