Hilo, HI — PPP Loan Data

Hilo, Hawaii received 1,609 Paycheck Protection Program loans totaling $142.0M. The average loan in the city was $88,255 — above the national program average of approximately $67,000.

96.1% of loans in Hilo — totaling $136.7M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.

Among the largest disclosed recipients in Hilo were HILO MEDICAL INVESTORS LTD ($4,079,500), ISEMOTO CONTRACTING CO., LTD. ($3,040,000), and BAY CLINIC INC ($2,283,740).

The most active industry sector in Hilo was Accommodation and Food Services with 155 loans worth $17.7M, followed by Offices of Other Health Practitioners (77 loans).

Applicants in Hilo reported retaining 17,569 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.

Hilo is part of Hawaii, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.