Dear PMAG Physicians,

Some physicians asked for a PDF of the EIDL Application as the online version is very long and hard to see all the information at once. We made a PDF for you: EIDL Application .


COVID-19 Economic Injury Disaster Loan (EIDL)
  • Grant is up to $10,000.
  • Can be used for payroll, rent, and utility.
  • No repayment needed for up to $10,000. Cannot double dip with other SBA loan forgiveness amount, e.g. PPP Loan.
  • More information, click here.
  • To apply for a COVID-19 Economic Injury Disaster Loan, click here. Or you may gather information first with this PDF EIDL Application.
  • Tip: Apply for the loan and then ask for the Advance. The turnaround time should be about 3 days.


Pacific Medical Administrative Group (PMAG)
Email below previous distributed on April 6, 2020 at 4:17 p.m.
APRIL 6, 2020
Dear PMAG Physicians,

If you missed today's webinar with Leolinda L. Iokepa on CARES Act, PPP, EIDL and more, the recording is now available for viewing.

To view the webinar, click here .
Use password to login: PMAGDocs

Additional supporting documents from the webinar:
  1. Webinar Presentation slides
  2. SBA Coronavirus Pandemic Disaster Loans Comparisons
  3. SBA: Business Loan Program Temporary Changes; Paycheck Protection Program


Pacific Medical Administrative Group
Email below previous distributed on April 3, 2020 at 1:42 p.m.
Lenders accepting loan application TODAY
First Come, First Served
Dear PMAG Physicians,

Here are some quick facts for your PPP (Paycheck Protection Program) Loan, should you decide to pursue.

PPP Loans are available April 3, 2020 through June 30, 2020 . To have the full 8-weeks of allowable costs forgiven, you should apply before May 5, 2020, so that all of your forgivable costs are incurred before June 30, 2020. For U.S. Senator Brian Schatz’s summary page, click here .

How to apply for a PPP Loan:
  1. Calculate how much you need for payroll, office rent/mortgage, utility, etc. You may use this ASB worksheet or call you lender.
  2. Complete the PPP Loan Application here.
  3. Submit the following to your lender:
  • PPP Loan Application
  • Tax documents for 2019
  • Payroll information

Below are some lenders that have online PPP loan application for your consideration.
  • American Savings Bank
  • Bank of Hawaii
  • Central Pacific Bank
  • First Hawaiian Bank

PMAG is not endorsing any lenders but would like to provide information that is available for our members. Thank you for your patience and trust in PMAG.


Michael Chang
PMAG Executive Director
American Saving Bank

1. Download and complete the  SBA PPP Application  - we've created a checklist that will help in completing and you can submit it with your application.
2. Calculate how much you are eligible for. We've created this  worksheet  which is required for your application.
3. Email your completed 1) PPP application, 2) completed worksheet, and 3) your 2019 tax documents (IRS Form 941 for regular employers or 1099 for contractors) to .

IMPORTANT: All three documents are required to process your application.
Bank of Hawaii

Applications are currently being accepted for Bank of Hawaii customers.

The Paycheck Protection Program opens for applications starting April 3, 2020, and will be available through June 30, 2020. In anticipation of a large demand for this program, it is important to prepare as much as possible to expedite the process.

Follow these steps to apply:
  1. Download and complete the Paycheck Protection Program Application Form.
  2. Gather the supporting documents for your application. A listing can be found in the 'Documents to Prepare' section below.
  3. Upload your PPP application and documents in our secure portal. 
Central Pacific Bank
Website link: PPP APPLY

Applying for this program is easy:
  1. If you haven't already, download and complete the PPP Application form.
  2. Complete our online application below and upload your completed PPP Application form. If you need help completing the application, you can call us at (808) 544-6865.
  3. Obtain your necessary documentation that supports payroll information.
  4. We will work with you to prepare the documents you’ll need to submit your application.
  5. CPB will submit your application to the SBA and once approved, you’ll receive funds in 3-5 days.

Funds will be deposited to an account with Central Pacific Bank. Questions? (808) 544-6865
First Hawaiian Bank
Website links:

This Program is intended to help small businesses impacted by the COVID-19 pandemic by providing “fully forgivable” loans up to $10 million to cover up to 8 weeks of payroll expenses – including benefits – and can also be used to make mortgage, lease, and utility payments.

To expedite the application process:
  1. Download and complete the SBA PPP Application.
  2. Complete the online form and submit your completed SBA PPP Application.
  3. Prepare to provide the additional following information, which we will request from you once we receive final guidance from the SBA.
  • IRS Form 941 Employers Quarterly Tax returns for 2019.
  • IRS Form 1099 MISC: 2019.
  • Other Payroll Documentation including payroll schedule or reports from CPA, bookkeeper, or payroll provider.

The SBA will begin accepting applications on April 3rd for small businesses and April 10th for independent contractors and self-employed workers. We will start our review and will get back to you on any additional information needed for us to complete and process your application with the SBA.

If you have additional questions, please contact your banker.
Email below previous distributed on April 3, 2020 at 9:54 a.m.
AS OF APRIL 2, 2020
Dear PMAG Physicians,
You might be hearing a lot about what Congress is doing to assist small businesses during the COVID-19 pandemic. Below are some quick facts for you, as of April 2, 2020.

PMAG Leadership strongly encourages you to start the application process for one or more of these loans or grants, should you need them. Most of the lenders are still finalizing their process. Information is changing daily. We will try our best to keep your informed.

  • For a quick summary of the CARES Act, SBA loans, and Telehealth Updates, you may download APG’s webinar (March 31, 2020) slide presentation here and the recording here
  • Small Business Administration (SBA) also put together an easy-to-read summary for your information.
  • You may apply for all the loans and grants below that are related to the CARES Act. However, there is NO double dipping on the loan forgiveness.

COVID-19 Economic Injury Disaster Loan (EIDL)
  • Grant is up to $10,000.
  • Can be used for payroll, rent, and utility.
  • No repayment needed.
  • More information, click here.
  • To apply for a COVID-19 Economic Injury Disaster Loan, click here.
  • Tip: Apply for the loan and then ask for the Advance.
Paycheck Protection Program (PPP) Loan
  • Available now through June 30, 2020.
  • The SBA and the Department of the Treasury expect to have the PPP running by Friday, April 3. 
  • U.S. Senator Brian Schatz’s summary page, click here.
  • Click here for an SBA PPP loan information and here to download an application.
  • Borrower Information Sheet, read more here.
  • Loan forgiveness for 8 weeks from loan date.
  • Can be used for payroll, rent, utility.
  • Need to repay within 10 years. Low interest rate <4% may apply. 
  • Fact Sheet, click here to read more.
  • You may request for advance payment for the next 3 months based on your estimated Medicare Fee-for-Service billing amount.
  • This is NOT a grant.
  • After 120 days of your advance payment, Medicare will start deducting your claims reimbursements to help you repay this Medicare Advance Payment.
PMAG is hosting a webinar to share updates with you. Our special speaker is Leolinda L Lokepa, the President & CEO of Hilopaʻa Family to Family, Inc.; and Associate Director of the Hawaiʻi MCH LEND Program.

Please mark your calendar for Monday, April 6, at 12:30 p.m. and look out for an email invitation forth coming.

We hope you find this information helpful. Thank you for all you do in serving Hawaii’s patients. If you have any questions, please contact:

Donna Mah, MD
PMAG President of the Board

Michael Chang
PMAG Executive Director

Gregg Shimomura, MD
PMAG Medical Director