Manage the Health of your Business with Federal Stimulus Money
HMAA understands that this is a difficult time for businesses, and we continue to have your best interest at heart. You may have heard about the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), which businesses can use to help cover certain expenses and keep employees insured. As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act recently signed into law, the PPP provides eligible businesses (e.g., independent contractors, sole proprietors, and businesses with fewer than 500 employees) financing for key expenses such as payroll, health insurance, mortgage/rent, and utility payments.

The PPP is a 100% federally guaranteed loan that may be fully forgiven if the loan is used to pay key business expenses and if the employer maintains their workforce through June 30, 2020. 
Apply for Forgivable SBA Loans

Businesses must apply through SBA-approved lenders. Here are some helpful tips to consider.
  • Refer to the U.S. Chamber of Commerce Small Business Guide and Checklist to determine whether you are eligible for a loan.
  • Ensure your payroll records for 2019 and 2020 are up-to-date. If your business is in the accommodation and food services sector, make sure there are fewer than 500 employees per location.
  • Be sure you understand the guidelines for how the loan can be used and forgiven.
  • When you’re ready, complete the application. Applying quickly will speed your loan processing. 
If you do not have a preferred banking relationship, Central Pacific Bank can help. Visit .

Due to the complexity of the CARES Act, please consult with your financial or other advisor for guidance. While this is a difficult time for everyone, we are thankful for the opportunity to service you.
Need Assistance?
If you have any questions or need assistance, please feel free to contact your HMAA Account Manager directly or at (808) 791-7654, toll-free at (800) 621-6998 x301, or