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

Only 1st draw PPP loan forgiveness applications will be accepted at this time

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.

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.
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

TIN (EIN/SSN)

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.

SBA PPP Loan Number

Employees at Time of Forgiveness Application

Covered Period End Date

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

Requested Loan Forgiveness Amount

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

Amount of Loan Spent on Payroll Costs

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.

Authorized Representative Initials

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.

Authorized Representative Initials

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.

Authorized Representative Initials

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.

Authorized Representative Initials

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.

Authorized Representative Initials

Optional PPP Borrower Demographic Information

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

Instructions

Purpose. Veteran/gender/race/ethnicity data is collected for program reporting purposes only.
Description. This form requests information about each of the Borrower's Principals.
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.
Principal Name. Insert the full name of the Principal.
Position. Identify the Principal's position; for example, self-employed individual; independent contractor; sole proprietor; general partner; owner; officer; director; member; or key employee.

Principal Name

Position

Veteran

Gender

Ethnicity

Race (more than 1 may be selected)

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

Click here if you need to make changes

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.

Authorized Representative's Name

Authorized Representative's Title

FHB Online Business Enrollment Form

Thank you for your interest in enrolling for FHB Online Business

Business Information

Business Name

Business Address 1

(where your account statement is mailed)

Business Address 2

City

State

Zip

Email Address

Tax ID Number

Business Phone

Business Fax

FHB Business Checking Account Number (if applicable)

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

Please select the service you would like to enroll for:

FHB Online Business Basic (free[[2]])

FHB Online Business Banking ($5.99/month[[3]])

Enable Small Business Entitlements[[1]]

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.

First Choice

Second Choice

Third Choice

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.