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The deadline is December 8, 2022 Applying for a US Small Business Administration disaster loan related to drought conditions in Hawaii, Kalawao and Maui counties.
Economic Loss The disaster loan offsets the economic loss of lost income due to ongoing drought.
“These loans may be used to pay fixed liabilities, salaries, accounts payable, and other bills that cannot be paid due to the effects of the disaster,” said SBA’s Disaster Site Operations – West. Director Tanya N. Garfield said in a news release.
Economic damages assistance is available regardless of whether the applicant suffered property damage.
Loans of up to $2 million are available to eligible small non-farm businesses, small farm cooperatives, small businesses engaged in aquaculture, and most of all sizes to meet their working capital needs caused by the disaster. available to private non-profit organizations.
Low-interest loans have interest rates of 2.94% for businesses and 1.875% for private non-profits, with a maximum term of 30 years.
The Hawaii Emergency Management Agency encourages eligible businesses in need of assistance to apply.
Applicants can learn more and find the forms on the SBA website (https://disasterloanassistance.sba.gov/). You may also call us at 800-659-2955 or send us an email. [email protected] For more information; deaf, hard of hearing, or speech-impaired individuals can access the Telecommunications Relay Service by calling 7-1-1.
Completed applications should be mailed to US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
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