PPP Loan Forgiveness Form

PPP Loan Forgiveness Form

SBA Form 3508S

Thank you for your being a customer of First Hawaiian Bank and for partnering with us on your PPP loan.

Please complete the fields below to apply for forgiveness

Instructions and Important Information

  1. Only 1st draw PPP loan forgiveness applications will be accepted at this time
  2. The person who initials and signs this form must be an Authorized Representative of the Borrower.  An Authorized Representative is someone who has authority to take action on behalf of and to legally bind the Borrower.
    Type of Borrower Examples of Authorized Representative
    • Corporation
    • Nonprofit
    • President
    • Vice-President
    • Secretary
    • Treasurer
    • CEO
    • COO
    • CFO
    • Executive Director (only for nonprofits)
    LLC
    • Member Manager (for a member-managed LLC)
    • Manager (for a manager-managed LLC)
    Partnership
    • Partner
    • General Partner
    • Limited Partner
    • Sole Proprietor
    • Independent Contractor
    • Self-Employed Individual

    The borrower must be the Authorized Representative. Select "Owner" as the Authorized Representative's title.
  3. In an effort to streamline the forgiveness process, we are only collecting key fields from the 3508S (the SBA’s forgiveness form for PPP loans of $150,000 and less) to pair with information that we have on file from your PPP loan application. If the information provided passes our review, we will prepare the 3508S and submit your forgiveness application to the SBA using the Authorized Representative’s electronic signature and initials provided below. We will only reach out to you if we have any additional questions or concerns.
  4. You will have the opportunity below to indicate if you want to change any of the information that we have on file and will use to prepare the 3508S.

Forgiveness Information

Enter the TIN of the Borrower applying for loan forgiveness.  Enter the same TIN that the Borrower used when it applied for its PPP loan.

Please use our calculator tool (Click Here) to help you determine this date

This should be equal to your original PPP loan amount IF you would like to apply for 100% forgiveness

Must be at least 60% of Requested Loan Forgiveness Amount. See FHB FAQs for more details

Certifications

The Authorized Representative of the Borrower certifies to all of the below by initialing after each one.

          The Borrower has complied with all requirements in the Paycheck Protection Program Rules (Sections 7(a)(36), 7(a)(37), and 7A of the Small Business Act, the PPP interim final rules, and guidance issued by SBA through the date of this application), including the rules related to:

  • eligible uses of PPP loan proceeds;
  • the amount of PPP loan proceeds that must be used for payroll costs;
  • the calculation and documentation of the Borrower’s revenue reduction (if applicable); and
  • the calculation of the Borrower’s Requested Loan Forgiveness Amount.

          Information regarding these requirements can be found in the Form 3508S Instructions (Click Here) and the Paycheck Protection Program Rules.

           The information provided in this application is true and correct in all material respects. I understand that knowingly making a false statement to obtain forgiveness of an SBA-guaranteed loan is punishable under the law, including 18 U.S.C. 1001 and 3571 by imprisonment of not more than five years and/or a fine of up to $250,000; under 15 U.S.C. 645 by imprisonment of not more than two years and/or a fine of not more than $5,000; and, if submitted to a Federally insured institution, under 18 U.S.C. 1014 by imprisonment of not more than thirty years and/or a fine of not more than $1,000,000.

           I understand that the Borrower’s eligibility for loan forgiveness will be evaluated in accordance with the Paycheck Protection Program (“PPP”) regulations and guidance issued by SBA through the date of this application. SBA may direct a lender to disapprove the Borrower’s loan forgiveness application if SBA determines that the Borrower was ineligible for the PPP loan.

           I understand that First Hawaiian Bank’s (the “Bank”) decision on the Borrower’s forgiveness application is subject to review by the SBA. The SBA has the right to change the Bank’s decision, which could include reducing the amount of forgiveness that the Borrower receives.

           I understand that if the PPP loan is not forgiven in full, the Borrower will need to begin making payments of principal and interest under the PPP loan after the SBA remits the loan forgiveness amount to the Bank (or notifies the Bank that no loan forgiveness is allowed). The Bank will notify the Borrower when the first payment is due. If the Borrower did not apply for forgiveness before the end of the deferment period, then the Borrower must begin making payments of principal and interest under the PPP loan at the end of the deferment period. The deferment period ends 24 weeks and 10 months after the date when the PPP loan was funded.

Optional PPP Borrower Demographic Information

Disclosure is voluntary and will have no bearing on the loan forgiveness decision

Instructions

  1. Purpose. Veteran/gender/race/ethnicity data is collected for program reporting purposes only.
  2. Description. This form requests information about each of the Borrower's Principals.
  3. Definition of Principal. The term "Principal" means:
      - For a self-employed individual, independent contractor, or a sole proprietor, the self-employed individual, independent contractor, or sole proprietor.
      - For a partnership, all general partners and all limited partners owning 20% or more of the equity of the Borrower, or any partner that is involved in the management of the Borrower's business.
      - For a corporation, all owners of 20% or more of the Borrower, and each officer and director.
      - Any individual hired by the Borrower to manage the day-to-day operations of the Borrower ("key employee").
      - Any trustor (if the Borrower is owned by a trust).
      - For a nonprofit organization, the officers and directors of the Borrower.
  4. Principal Name. Insert the full name of the Principal.
  5. Position. Identify the Principal's position; for example, self-employed individual; independent contractor; sole proprietor; general partner; owner; officer; director; member; or key employee.

Updates to Existing Information

We will prepare the forgiveness submission to the SBA using certain information that we already have on file from your most recent approved PPP loan application.  Please let us know if any of the following have changed from the time you obtained your most recent PPP loan.  You can review your signed PPP loan application (SBA Form 2483, 2483-C, 2483-SD, or 2483-SD-C) to see the information that we have on file.

Business Legal Name
DBA or Tradename
Business Address
NAICS Code
Business Phone
Primary Contact

Note: If you check the box to indicate changes, it will require additional manual follow-up from a specialized PPP resource from the Bank.

Sign and Submit

The person submitting this forgiveness application (the “Application”) certifies that: (1) s/he is the Authorized Representative of the borrower of the PPP loan that is the subject of this forgiveness request (the “Borrower”); (2) as the Borrower’s Authorized Representative, s/he is authorized to execute and deliver this Application on behalf of the Borrower; (3) submission of this Application by clicking the button below is the electronic equivalent of his/her signature on this Application in his/her capacity as the Borrower's Authorized Representative; and (4) all information and documents submitted are true, correct, and complete. The Authorized Representative acknowledges on behalf of the Borrower that: (a) if additional information becomes available that would have influenced the Bank's decision to approve this Application, the Bank reserves the right to withdraw any such approval; (b) the Bank will combine the information provided in this Application with the information that the Bank has on file from the Borrower’s PPP loan application (the “Prior Information”) in order to prepare the Borrower’s forgiveness submission to the SBA; (c) unless the Authorized Representative has indicated above that changes need to be made to the Prior Information, the Prior Information is still true and correct and can be used by the Bank in preparing the Borrower’s forgiveness submission to the SBA; and (d) the person who was previously designated by the Borrower as the Borrower’s primary contact will continue to be the person who receives all communications from the Bank.

FHB Online Business Enrollment Form

FHB Online Business Enrollment Form

Thank you for your interest in enrolling for FHB Online Business

(where your account statement is mailed)

Please select the service you would like to enroll for:
FEATURES Business Basic Business Banking
View Accounts & Transactions
X
X
eStatements
X
X
Internal Transfers
X
X
External Transfers
X
X
MoneyMap Finance Manager
X
X
Online Bill Pay  
X
Popmoney Person-to-Person Payments  
X
Small Business Entitlements[[1]]  
X
FHB Mobile Banking & Mobile Deposit
X
X
Monthly Fees
FREE2
$5.993
(Free for Priority Banking)

[[1]] Entitlements - This service allows you to create sub-users and grant restricted FHB Online access to each account at the level of your choosing (No Access, View Access or Full Access) and is included at no additional charge (up to 2 sub-users). This feature must be enabled on your FHB Online Business account prior to setting up sub-user access. Visit fhb.com/entitlements to learn what features sub-users are able to access. (To enable Entitlements in the future, you can submit a request via FHB Online Secure Message.) 

[[2]] FHB Online Business Basic: Free for business customers. If you choose to enroll for Online Bill Pay, Popmoney or Entitlements in the future, you will automatically be upgraded to FHB Online Business Banking. Direct Connect access via Quicken or Quickbooks: $14.95/month that the service is used (Priority Banking waivers not applicable).

[[3]] FHB Online Business Banking: Free for Business Priority Banking 1, 2, & 3 and $5.99/month for all other business checking customers. If you have chosen to enable Entitlements, your FHB Online account includes up to 2 sub-users without charge. If you wish to add more sub-users, you will be charged $1 per sub-user per month. Direct Connect access via Quicken or Quickbooks: $14.95/month that the service is used (Fee is inclusive of FHB Online Business Banking service fee. Priority Banking waivers not applicable.) 

REQUESTED USERNAME:
Your Username is used each time you log in to FHB Online & Mobile Banking and must be unique for each customer. Please provide three preferred usernames below. If we are unable to use any of your username choices, we will provide one for you. Your Username must be between 6 and 20 characters, starting with a letter and comprised of only letters and numbers. No spaces, special characters, or punctuation allowed.

PPP Loan Forgiveness Form

PPP Loan Forgiveness Form

Request to Apply for Forgiveness of PPP Loan

Please complete the form below to let us know that you are ready to apply for forgiveness of your Paycheck Protection Program (PPP) loan.  

Tip: Your SBA Loan Number and the Loan Amount may be found at the top of the first page of the Promissory Note for your PPP loan.  

Important:

  • Only use this form if your PPP loan is more than $150,000
  • If your PPP loan is $150,000 or less, click here for information about your forgiveness process.  

* Indicates a required field.

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Careers FAQs

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Or call customer service at (808) 844-4444.

Investing & Insurance FAQs

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Lending FAQs

General Questions

    How can I make a loan payment or request a payoff quote?

    There are several options to make a payment to your loan:

    • Enroll for FHB Online & Mobile Banking and use Make an FHB Payment option from a First Hawaiian Bank account, or use External Transfers to make a payment from an external bank account.
    • Mail in your payment to:
      First Hawaiian Bank
      P.O. Box 29450
      Honolulu, Hi 96820-1850
    • Visit any First Hawaiian Bank branch to make your payment
    • Wire transfer funds to make your payment

    Please contact us at [[(808) 943-4525 | tel:808-943-4525]] to request a payoff quote.

      How is a personal loan different from Personal FirstLine?

      A personal loan is an installment loan product with a fixed term. When your application is approved, the full loan amount you are approved for is disbursed to you at once, and you begin accruing interest on the outstanding amount immediately from that day. Because FHB's personal loans all offer fixed rates over the life of the loan, your monthly payments are the same throughout the loan term.  

      In contrast, a Personal FirstLine (PFL) is a revolving line that can be drawn on at any time up to your available credit limit. You can draw on your PFL by making a transfer within FHB Online, writing a check, or by requesting a withdrawal in person at an FHB branch. As you repay the outstanding principal (the amount you have drawn from your line), your available credit will increase by the amount you have repaid. Consequently, your monthly payment will vary if your outstanding balance and/or the rate changes.

        How can I apply for a personal loan?

        You may apply online or by visiting any FHB branch.  

        You will need documents and information to apply:  

        • Social Security Number
        • Income verification documents (only for loan amounts over $5,000): 
          • All pay stubs from most recent calendar month, OR
          • W-2 or 1099 Forms from the past 2 years, OR
          • Last 2 federal personal income tax returns with all schedules signed

        After submitting your application, FHB may follow up to verify your information

        Home Equity Line of Credit

          What is a Home Equity Line of Credit?

          It is a line of credit secured by your home or other improved property you own. Depending on the equity in the property, and other factors, your credit line can range from $20,000 to $1,500,000.

          A Home Equity Line of Credit has a Draw Period and a Repayment Period. During the draw period you can draw on your line of credit by writing a check or advancing the funds through FHB Online. Besides an annual fee, there are no monthly payments until you draw on your line and you can even make interest-only payments during the Draw Period. As you pay down the balance on your line of credit, it becomes available to use again.

          During the Repayment Period, you can no longer draw on your line of credit and must repay any outstanding balances. Outstanding balances can be converted to fully-amortized, fixed-rate locks during both the Draw Period and Repayment Period.

          There is a $100 annual fee assessed one year after the Draw Period begins and $100 each year thereafter. The annual fee is waived if you have a Priority Banking Platinum Checking Account. The annual fee will not be charged during the Repayment Period.

            Can I get a Home Equity Line of Credit on any type of property?

            First Hawaiian Bank offers a home equity line of credit on many types of property, including:

            • Fee simple or leasehold properties
            • Owner-occupied homes (primary residence)
            • Non-owner-occupied (rental or investment) homes
            • Second/vacation homes
            • Single family residences
            • Leaseholds (owner-occupied only)
            • Duplex, triplex, fourplex

            You must have property insurance on the property you use for collateral. Only available for properties located in Hawaii and Guam.

              How can I access my Home Equity Line of Credit?

              Once you’ve opened your Home Equity Line of Credit, you’ll receive checks that look and work much like any regular personal checks. To draw on your line of credit, just write a check for the amount you need. You can also draw on your line using FHB Online. Even if you don’t need the funds now, it’s nice to know your Home Equity Line of Credit will be there when you need it.

                What can I use my Home Equity Line of Credit for?

                Use it for home improvements, tuition payments, bill consolidation, buy a new car, or go on vacation. It's easy and convenient to pay for almost anything.

                Mortgage Account Information

                  Where will my lien release be mailed to?

                  The lien release will be sent to the mailing address on the loan at time of payoff. If you need to change this information, you may send us a Secured Message through FHB Online using the subject, "Mortgage".

                    What happens if I'm unable to make my mortgage payment?

                    Please contact us at 808-844-4178 or toll-free at 1-800-362-7606, Monday through Friday 7:30am -4:30pm HST if you are unable to make your mortgage payment.

                      How do I know which mortgage is right for me?

                      Choosing the right mortgage depends on your budget and situation. You would also have to understand the various features of your options. For a free analysis and recommendation of the best mortgage loan program for you, please call us at 808-643-HOME (4663) or take a look at our Mortgage Selector Tool. We also have mortgage calculators that can help you determine what is right for you.

                        How is a mortgage loan originator different from a mortgage broker?

                        The difference between a mortgage loan originator and a mortgage broker is that our mortgage loan originators are in-house and provide you with customized one-on-one service. A mortgage broker does not work for a particular bank and actually shops a list of several banks and alternative lenders to find a mortgage for his or her clients. They are not always able to provide you with other financial products. At First Hawaiian Bank, our mortgage loan originators provide information about our home financing options and will help guide you through the entire purchase process. Our mortgage specialists can also give you access to other banking experts who can help meet your other financial needs.

                          How can I request a copy of my lien release?

                          Your county will record the lien release (a document stating your mortgage is paid in full) after we notify and send them all applicable documents. Once we have received the recorded lien release, it’s sent to the mailing address on file. Please contact your county record’s office for a copy of the lien release.

                            How do I receive a payoff quote for my mortgage?

                            Please call 808-844-4178 or toll-free 1-800-362-7606 to request a payoff quote. Please have your complete loan number and the date you expect us to receive your final payment when you call.

                              What is a mortgage payoff statement and is there a fee?

                              A payoff statement itemizes the amount required to fully satisfy all obligations secured by the loan that is the subject of the payoff request. This written statement is prepared in response to a request by a client or an authorized 3rd party. There is no charge to have a payoff statement mailed to you or an authorized third party.

                              Mortgage Payments

                                Can I schedule multiple/advance payments?

                                Yes, multiple advance payments can be scheduled. However, when making advance payments, you must specify whether those additional payments should be applied to future monthly payments or to the principal.

                                  Why can't I make a payment on my account?

                                  There are certain situations where this option is not available. For further information, please call Mortgage Loan Servicing at 808-844-4178 or toll free at 1-800-362-7606, Monday through Friday 7:30am -4:30pm HST for details.

                                    Will I be able to make a mortgage payment with a credit card?

                                    A payment to your mortgage loan via a credit card or credit card "convenience checks" is not allowed at this time. Please contact us at 808-844-4178 or toll-free at 1-800-362-7606, Monday through Friday 7:30am -4:30pm HST if you wish to discuss other payment options.

                                      What accounts can I use to make a payment?

                                      You may use any checking or savings account with U.S. funds to which you are an account holder and have the authority to use.

                                        Will I be able to make extra principal payments?

                                        As long as your current month's mortgage payment has been posted to your loan and you have no outstanding fees, you will be able to make additional principal only payments. The most convenient option is to make your payment via the FHB Online & Mobile Banking option to Make an FHB Payment.

                                        Payments will be applied the following business day. The date you submit the transfer will be your payment date as long as the transfer is completed prior to the transfer cutoff time. Any transfers processed after the transfer cutoff time will reflect the following business day as your payment date.

                                        If making a payment at a branch, please let the banker know so they can process the payment accordingly.

                                        Consumer Home Equity Loan

                                          What can I use my Consumer Home Equity Loan for?

                                          Use it for home improvements, tuition payments, bill consolidation, buy a new car, or go on vacation. It's easy and convenient to pay for almost anything.

                                          Consumer Home Equity Loans cannot be used to purchase the subject property.

                                            How is a Consumer Home Equity Loan different from a Home Equity FirstLine Plus?

                                            While the Consumer Home Equity Loan and Home Equity Line of Credit (HELOC) are both secured by your real property, they have some differences. The Consumer Home Equity Loan is an installment loan with a fixed loan amount, interest rate and term, resulting in a fixed monthly payment. A HELOC is a line of credit that can be drawn on at any time during the Draw Period, up to your credit limit. In contract to the Consumer Home Equity Loan, the HELOC has a variable rate, meaning your monthly payments may vary. Under a HELOC, you also have the option to convert variable-rate balances to fixed-rate balances.

                                            Business Loans

                                              How can I make my monthly loan payments?

                                              You may pay online at FHB.com, set up automatic payments, or mail your payment to the following address:  

                                              First Hawaiian Bank 
                                              P.O. Box 29450 
                                              Honolulu, HI 96820-1850  

                                              You may also drop off your payment at any First Hawaiian Bank branch location.

                                                How do I apply?

                                                 You may apply via:

                                                • Online Application
                                                  Please note: Applications for secured loans/lines of credit and applications for line increases on existing Business FirstLines cannot be submitted online. In addition, businesses without personal guarantors or with more than one (1) guarantor cannot apply online. If any of these situations apply to you, please visit a branch to apply.
                                                • At any First Hawaiian Bank Branch 

                                                Business Lines of Credit

                                                  Are there other ways I can make payments?

                                                   Yes. You may pay online with FHB Online & Mobile Banking or set up Automatic Payment from your First Hawaiian Bank Business Checking account.

                                                    What are my payment options?

                                                    You may pay your balance in full with no prepayment penalties or pay the minimum payment listed on your monthly statement.

                                                      Where do I send my monthly payments?

                                                      Payments may be dropped off at any First Hawaiian Bank branch or mailed to the following address:

                                                      First Hawaiian Bank
                                                      P.O. Box 29450
                                                      Honolulu, Hawaii 96820-1850

                                                        How can I access the funds?

                                                        Use checks to access the line of credit, without having to apply every time you need additional funds.

                                                          What are the terms?

                                                          The Business Line of Credit is a revolving line of credit with a 3-year term, meaning it can be used for up to 3 years. Once the line reaches its maturity, any unpaid balances or fees become due.

                                                          The Business Line of Credit and associated terms are subject to credit approval and may vary depending on your financial situation. 

                                                            What's the best use of the Business Line of Credit?

                                                            This line of credit can be used for any business use. You can use it for short-term working capital, seasonal purchases, inventory, payroll, and other cash flow needs.

                                                            The Business Line of Credit cannot be used for personal, family or household purposes (or agricultural purposes for Guam residents), to finance the purchase or trading of securities, or to repay any debts incurred in the purchase or trading of securities, or to acquire, refinance, improve or maintain a 1-to-4 family residence.

                                                            Have more questions?

                                                            Find a Branch

                                                            Or call customer service at (808) 844-4444.

                                                            Business Banking FAQs

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                                                            Or call customer service at (808) 844-4444.

                                                            Personal Banking FAQs

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                                                            Digital Banking FAQs

                                                            Have more questions?

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                                                            Get Mobile Support

                                                            Or contact us at (808) 643-4343 or toll-free at (888) 643-4343.

                                                            Disclosures

                                                            1. Transactions typically occur in minutes when the recipient's email address or U.S. mobile number is already enrolled with Zelle®.
                                                            2. Must have a U.S. bank account and mobile phone number to use Zelle®. Personal customers enrolling for Zelle® must be 18 years or older. Business customers must be enrolled in FHB Online Business Banking to use Zelle®. FHB Online Business Banking is free for Business Priority Banking customers, a fee is assessed for all other business customers. See FHB Online Terms and Conditions for details.
                                                            3. In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle®.
                                                            4. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience.
                                                            5. These customers have enrolled for and use Zelle® directly through the Zelle® app, rather than using Zelle® through their financial institution’s mobile app. This situation occurs when the customer’s financial institution does not offer Zelle®.

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                                                            FHB Online Banking Enrollment Form

                                                            FHB Online Banking Enrollment Form

                                                            Thank you for your interest in enrolling for FHB Online

                                                            This form is intended for personal customers who are not able to enroll online. If you have an FHB personal checking account or only have a credit card account, and you have a Personal Identification Number (PIN) and a social security number, click here to enroll.

                                                            If you do not have the above, here are the steps you'll need to complete:

                                                            1. Complete the enrollment form.
                                                            2. Click "Next" to review your information.
                                                            3. Print and sign the enrollment form.
                                                            4. Mail to:
                                                            FHB ONLINE
                                                            First Hawaiian Bank
                                                            PO BOX 1959
                                                            Honolulu, HI 96805-9957

                                                             

                                                            And what happens next:

                                                            1. Once your enrollment form is processed you will be mailed a username and password to your address on file.
                                                            Please provide the address that your statements are mailed to.

                                                            Your username is used each time you log in and must be unique for each customer. Please provide three preferred usernames below. If we are unable to use any of your username choices, we will provide one for you. Your username must be between 6 and 20 characters, starting with a letter and comprised of only letters and numbers. No spaces, special characters, or punctuation allowed.

                                                            FHB Online without Bill Payment is free, and allows you to view account balances and transactions (for certain accounts) and transfer funds between your First Hawaiian Accounts.

                                                            FHB Online with Bill Payment is free for the first 2 months. After the free period, Bill Payment is $5.99 per month. Please note, you MUST have a checking account for the Bill Payment service. To sign up for Bill Payment, log in to FHB Online and click on the Pay Bills link.

                                                            (FHB Online service fees will be charged to this account.)