#SBA loan

Of the approved loans statewide, 61 loan totaling $3,941,000 have been approved for Maui residents. The Disaster Loan Outreach Center in Kīhei on Maui will permanently close on Wednesday, July 15.

The deadline to apply for federal disaster assistance has passed; however, Hawaiʻi residents and businesses have been granted a 45-day grace period, until Thursday, Jan. 25, to submit their US Small Business Administration disaster loan applications for property damage caused by wildfires. 

The deadline to apply for federal disaster assistance has been extended another 30 days, meaning homeowners and renters with uninsured or underinsured damage to their property from the Maui wildfires have until Saturday, Dec. 9, to apply.  This is also the deadline for Maui’s homeowners, renters and businesses to apply to the US Small Business Administration for a low-interest disaster loan for physical property damage.

The US Small Business Administration has partnered with the Hawaiʻi Small Business Development Center to open an SBA Business Recovery Center in Honolulu to provide a wide range of services to small businesses impacted by Maui wildfires that began Aug. 8. SBA representatives continue to be available at the Business Recovery Center in Kīhei to provide information on SBA disaster loans and business assistance on the dates and times indicated.

If you sustained physical damage to your business of any size, you may be eligible for up to $2 million in Business Physical Disaster Loans for the repair or replacement of real estate, inventories, machinery, equipment and all other physical losses.  If you are a homeowner or renter, FEMA may refer you to the SBA to apply for low-interest loans to replace or repair disaster-damaged real estate and personal property including automobiles.

Low-interest federal disaster loans are available to Hawaiʻi businesses and residents affected by severe storms, flooding and landslides that occurred Dec. 5-10, 2021.