Helping our community as a community
The SBA has announced that funds for the Paycheck Protection Program have been exhausted and they will no longer be accepting applications. Please contact 808-930-7700 if you have any questions.
Holomua Hawaii supported our community by helping to lift small businesses and non-profits through these challenging economic times.
As of December 18, 2020, credit unions throughout Hawaii Island have helped
small businesses and non-profits, and
in aid has been distributed!
Effective close-of business Monday, Dec. 14, applications for the Holomua Hawaii Small Business Relief & Recovery Grant Program will no longer be accepted. Applications submitted prior to closing are still under review.
Please visit the website www.hawaiicounty.gov/cares for the latest information regarding County resources and programs for those impacted by COVID-19. Mahalo for continuing to serve our community.
Hawaii Community Federal Credit Union partnered with other credit unions on the island to distribute up to $22 million in financial assistance to Hawaii County businesses under the federal Coronavirus Aid, Relief and Economic Security (CARES) Act.
The effort allowed eligible businesses and non-profits directly impacted by COVID-19 with 50 or fewer employees to apply for as much as $10,000 in funds through December.
Joining Hawaii Community Federal Credit Union in this partnership were:
- Big Island Federal Credit Union,
- CU Hawaii Federal Credit Union,
- Hawaii County Employees Federal Credit Union,
- HawaiiUSA Federal Credit Union, and
- HFS Federal Credit Union
A full press release about the program can be found below.
Rent and Mortgage Assistance Program for households impacted by COVID-19
Applications are also available for rent and mortgage assistance through a partnership involving Hawaiian Community Assets/Hawaii Community Lending, HOPE Services Hawaii, Hawaii First Federal Credit Union, Neighborhood Place of Puna, Hawaii Island Home for Recovery and Habitat for Humanity Hawaii Island. Information regarding housing assistance can be found under the tab titled "Individual Grants for Housing Assistance" at this link.
Federal assistance available for farmers and ranchers with operations affected by the COVID-19 pandemic
Coffee and macadamia nut farmers are now eligible for for federal relief through the second round of the Coronavirus Food Assistance Program. Producers who have been impacted by the economic effects of the COVID-19 pandemic can apply for payments through Dec. 11. To learn more about eligibility requirements, visit visit www.farmers.gov/cfap.
Read the press release below about the launch of Holomua Hawaii from Hawaii Island credit unions
HCFCU ESTABLISHES HOLOMUA HAWAII PROGRAM TO DISTRIBUTE FEDERAL FUNDS FOR HAWAII COUNTY BUSINESSES
KAILUA-KONA, HAWAII – Hawaii Community Federal Credit Union (HCFCU) is pleased to announce it is the lead credit union contracted by Hawaii County to distribute up to $22 million in financial assistance to county businesses under the federal Coronavirus Aid, Relief, and Economic Security Act or CARES Act.
As lead, HCFCU is teaming up with Big Island Federal Credit Union, CU Hawaii Federal Credit Union, Hawaii County Employees Federal Credit Union, HawaiiUSA Federal Credit Union, and HFS Federal Credit Union, to accomplish the grant program’s objectives in a distribution program called Holomua Hawaii.
“In working with our own members throughout this pandemic, it is clear that all segments of the island business community have been adversely affected,” said Tricia Buskirk, HCFCU President and Chief Executive Officer. “We anticipate a high level of demand.”
Eligible businesses or non-profits directly impacted by COVID-19, with 50 employees or less can apply for these funds now until December. Funds may be used to support core operations and reopening costs. The maximum grant award is $10,000.
Interested applicants can visit www.hawaiicounty.gov/cares to see a complete list of eligibility requirements and required documentation, and to submit a grant application.
“We are a tight-knit community and the economic pain experienced by businesses on our island affects all of us,” said Buskirk. “Getting these funds into our community through the Holomua Hawaii program is very important.”
For information about HCFCU, visit https://www.hicommfcu.com.