HomeMy WebLinkAbout2018-11-26 SBA to open temporary office at County Building Suite 2601 from Nov 27 to December 6 -- press release
NEWS
RELEASE
Disaster Field Operations Center West
Release Date: Nov. 20, 2018 Contact: Richard A. Jenkins, (916) 735-1500,
Richard.Jenkins@sba.gov
Release Number: HI 15800-01 Follow us on Twitter, Facebook, Blogs & Instagram
SBA Offers Disaster Assistance to Hawaii
Businesses and Residents Affected by Hurricane Lane,
including Wildfires and Floods
SACRAMENTO, Calif. – Low-interest federal disaster loans are available to Hawaii businesses and
residents affected by Hurricane Lane, including wildfires and floods, that occurred Aug. 22-29,
2018, announced Administrator Linda McMahon of the U.S. Small Business Administration. SBA
acted under its own authority to declare a disaster following the denial of the state’s appeal for a
major disaster declaration for individual assistance.
The disaster declaration makes SBA assistance available in Hawaii and Maui counties.
“SBA is strongly committed to providing Hawaii with the most effective and customer-focused
response possible, and we will be there to provide access to federal disaster loans to help finance
recovery for businesses and residents affected by the disaster,” said McMahon. “Getting our
businesses and communities up and running after a disaster is our highest priority at SBA.”
“Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit
organizations, homeowners and renters whose property was damaged or destroyed by this
disaster,” said SBA’s Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster
Field Operations Center-West. “Beginning Tuesday, Nov. 27, SBA representatives will be on hand at
the following Disaster Loan Outreach Centers to answer questions about SBA’s disaster loan
program, explain the application process and help each individual complete their application,”
Garfield continued. The centers will be open on the days and times indicated below. No
appointment is necessary.
HAWAII COUNTY MAUI COUNTY
Disaster Loan Outreach Center Disaster Loan Outreach Center
County of Hawaii Hawaii District Health Office
Office of the Mayor Lahaina Comprehensive Health Center
25 Aupuni St., Suite 2601 1830 Honoapiilani Highway
Hilo, HI 96720 Lahaina, HI 96761
Opens 8 a.m. Tuesday, Nov. 27 Opens 8 a.m. Tuesday, Nov. 27
Mondays - Fridays, 8 a.m. - 4:30 p.m. Mondays - Fridays, 8 a.m. - 4:30 p.m.
Closes 4:30 p.m. Thursday, Dec. 6 Closes 4:30 p.m. Thursday, Dec. 6
1 | Page
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or
replace damaged or destroyed real estate, machinery and equipment, inventory and other business
assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of
improvements to protect, prevent or minimize the same type of disaster damage from occurring in
the future.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and
most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help
meet working capital needs caused by the disaster. Economic injury assistance is available
regardless of whether the business suffered any property damage.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or
destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace
damaged or destroyed personal property.
Interest rates can be as low as 3.675 percent for businesses, 2.5 percent for private nonprofit
organizations and 2 percent for homeowners and renters with terms up to 30 years. Loan amounts
and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online, receive additional disaster assistance information and download
applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service
Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA
disaster assistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339.
Completed applications should be mailed to U.S. Small Business Administration, Processing and
Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for property damage is Jan. 22, 2019. The deadline to apply for economic
injury is Aug. 20, 2019.
###
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality.
As the only go-to resource and voice for small businesses backed by the strength of the federal
government, the SBA empowers entrepreneurs and small business owners with the resources and
support they need to start, grow or expand their businesses, or recover from a declared disaster. It
delivers services through an extensive network of SBA field offices and partnerships with public
and private organizations. To learn more, visit www.sba.gov.
2 | Page