SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, announced today that SBA will close its Kahului Disaster Loan Outreach Center at 4 p.m. on Saturday, March 23.
“SBA opened the center to provide personalized assistance to Hawaii businesses and residents who were affected by the wildfires, including high winds that occurred Aug. 8 - Sept. 30, 2023, in Maui. Until the Kahului center closes, SBA customer service representatives will continue to be available to meet with businesses and residents to answer their questions, explain SBA’s disaster loan program and close their approved disaster loans,” said Sánchez.
Businesses and residents can meet with SBA representatives on the days and times indicated below. No appointment is necessary.
MAUI COUNTY
Disaster Loan Outreach Center
Kahului Public Library
Administration Building
90 School St.
Kahului, HI 96732
Tuesdays, 12 p.m. – 7 p.m.
Wednesdays – Thursdays, 9 a.m. – 4 p.m.
Fridays, 11 a.m. – 4 p.m.
Saturdays, 9 a.m. – 4 p.m.
Closes 4 p.m. Saturday, March 23
SBA customer service representatives will continue to be on hand at the following centers to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their loan application. The centers will be open on the days and times indicated. No appointment is necessary.
HONOLULU COUNTY
Business Recovery Center
Hawaii Foreign-Trade Zone No. 9
521 Ala Moana Blvd., Ste. #201, Pier 2
Honolulu, HI 96813
Mondays-Fridays, 9 a.m. – 6 p.m.
MAUI COUNTY
Business Recovery Center
Hawaii Technology Development Corp.
Maui Research Technology Center (MRTC)
Building #A, Ste. 119 (Conference Room)
590 Lipoa Parkway
Kihei, HI 96753
Mondays-Fridays, 8 a.m. – 5 p.m.
MAUI COUNTY
Business Resource Assessment Center
Hawaii Technology Development Corp.
Maui Research Technology Center (MRTC)
Building #A, Ste. 202
590 Lipoa Parkway
Kihei, HI 96753
Mondays – Fridays, 8 a.m. – 5 p.m.
MAUI COUNTY
Disaster Recovery Center
Lahaina Civic Center
1840 Honoapiilani Hwy (HI-30)
Lahaina, HI 96761
Mondays – Fridays, 8 a.m. – 4 p.m.
Saturdays, 8 a.m. – 2 p.m.
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 help with the cost of improvements to protect, prevent or minimize 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 $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or destroyed personal property, including personal vehicles.
Interest rates are 4% for businesses, 2.375% for private nonprofit organizations and 2.5% for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by the SBA and based on each applicant’s financial condition.
Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 18 months from the date of the first disbursement.
Applicants may apply online and receive additional disaster assistance information at https://www.sba.gov/hawaii-wildfires. 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. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
The deadline to apply for economic injury is May 10, 2024. SBA will continue to accept late applications for property damage through June 11, 2024.
Link to recovery centers can be found here and at: https://lending.sba.gov/search-disaster/?disaster=HI-00073
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. 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, 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 https://www.sba.gov/hawaii-wildfires.
Disaster press release
HI 18061-15