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FEATURES

SMALL BUSINESS ADMINISTRATION (SBA) PAYCHECK PROTECTION PROGRAM (PPP) LOAN

ABOUT THE PROGRAM

As part of the CARES act, the PPP provides funding to small businesses in the form of a forgivable loan. The PPP is available for small businesses to apply as of April 3. Independent contractors and self-employed workers can apply starting April 10.

CU Hawaii is an approved SBA-certified lender

All loans have the same terms regardless of which lender you choose:

  • No Collateral or Personal Guarantee Required
  • No Fees
  • 1.00% Interest Rate
  • Loans are Fully Forgiven*
  • No Payments for 6 Months

*Loan amounts will be forgiven as long as

  • The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and
  • Employee and compensation levels are maintained.

Click here for more information about the Paycheck Protection Program from the US Department of the Treasury.

Features

Other CU Hawaii Business Loans

  • Competitive rates for a wide range of business expenses:
    • Working capital
    • Equipment
    • Vehicles
    • Inventory
    • Real estate
    • And more
  • Small Business Administration (SBA) Loans available for qualifying businesses
  • Repayment terms customized to work with your business plan
  • Quick, local decision-making and processing
  • Friendly, attentive service from start to finish

APPLY HERE NOW!