Maui Business

Maui Businesses Impacted by COVID-19 Urged to Fill Out Survey by 4 p.m. Wednesday

March 17, 2020, 10:50 AM HST
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SBA’s Office of Disaster Assistance is coordinating with the Hawaiʻi Governor’s Office to submit a request for Economic Injury Disaster Loan Assistance. These working capital loans of up to $2 million can be used to pay fixed debts, payroll and other bills that can’t be paid because of impacts related to the COVID-19 pandemic.

The Maui Office of Economic Development is urging affected businesses to submit data before the 4 p.m. deadline on Wednesday, March 18, 2020, as departments work to get funding support as soon as possible.

Below are simple steps to follow:

The SBA Economic Injury Disaster Loan program became available this week to businesses that are being impacted by the COVID-19 coronavirus. These working capital loans of up to $2 million can be used to pay fixed debts, payroll and other bills that can’t be paid because of the disaster’s impact.

SBA’s Office of Disaster Assistance is coordinating with the Hawaiʻi Governor’s Office to submit the request for Economic Injury Disaster Loan Assistance. In order to make an economic injury declaration, we need Hawaiʻi small business concerns that have suffered substantial economic injury as a result of the COVID-19 disaster to submit the estimated economic impact of the disaster on their businesses by completing the worksheet which can be downloaded here, and then emailing it to: [email protected] .

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The Estimated Adverse Economic Impact Section of the Economic Injury worksheet needs to be fully completed, with all questions answered regarding business revenues, whether there was any business interruption insurance, as well as the comments sections.

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The comments section should indicate that the economic impacts are a direct result of COVID-19. The established incident start date is Jan. 31, 2020. DBEDT needs these forms to be returned to the above email by 4 p.m., Wednesday, March 18, 2020.

Further information will be available about the SBA Application process once the Federal government approves Hawaiʻi’s application for disaster assistance.

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