{"id":5370,"date":"2021-06-15T09:19:50","date_gmt":"2021-06-15T19:19:50","guid":{"rendered":"https:\/\/dod.hawaii.gov\/hiema\/?p=5370"},"modified":"2026-05-01T12:37:30","modified_gmt":"2026-05-01T22:37:30","slug":"news-release-hawaii-emergency-management-agency-reminds-kauai-residents-that-deadline-is-approaching-for-sba-working-capitol-loans-due-to-drought","status":"publish","type":"post","link":"https:\/\/dod.hawaii.gov\/hiema\/news-release-hawaii-emergency-management-agency-reminds-kauai-residents-that-deadline-is-approaching-for-sba-working-capitol-loans-due-to-drought\/","title":{"rendered":"MEDIA RELEASE: Hawai`i Emergency Management Agency Reminds Kaua`i Residents That Deadline is Approaching for SBA Working Capitol Loans Due to Drought"},"content":{"rendered":"\n

SACRAMENTO, Calif.<\/span><\/b> \u2013 Director\u202f Tanya\u202fN.\u202fGarfield of the U.S. Small Business Administration\u2019s Disaster Field Operations Center-West today reminded Hawai`i small nonfarm businesses in Kauai County<\/strong> of the July 13, 2021, deadline to apply for an SBA federal disaster loan for economic injury. These low <\/span>interest loans are to offset economic losses because of reduced revenues caused by drought that began Sept. 22, 2020.\u202f<\/span> <\/span><\/p>\n\n\n\n

According to Garfield, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2\u202fmillion to help meet working capital needs caused by the disaster. <\/span><\/p>\n\n\n\n

\u201cEconomic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster\u2019s impact,\u201d said Garfield. <\/span> <\/span><\/p>\n\n\n\n

\u201cSBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster. Economic injury assistance is available regardless of whether the applicant suffered any property damage,\u201d Garfield added.\u202f<\/span> <\/span><\/p>\n\n\n\n

The interest rate is 3\u202f% for businesses and 2.75\u202f% for private nonprofit organizations with terms up to 30\u202fyears. Loan amounts and terms are set by SBA and are based on each applicant\u2019s financial condition.\u202f<\/span> <\/span><\/p>\n\n\n\n

By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on Nov. 13, 2020.<\/span> <\/span><\/p>\n\n\n\n

\u201cWe encourage all businesses directly affected by the drought that began in September 2020 to apply for SBA assistance. If applicants have existing SBA loans, they should speak to an SBA representative about possible considerations,” Hawai\u02bbi Emergency Management Agency Resilience Branch Chief Lorinda Wong Lau, said.<\/p>\n\n\n\n

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary\u2019s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.<\/span> <\/span><\/p>\n\n\n\n

Applicants may apply online, receive additional disaster assistance information and download applications at https:\/\/disasterloanassistance.sba.gov\/. Applicants may also call SBA\u2019s Customer Service Center at (800)\u202f659-2955 or email disastercustomerservice@sba.govfor more information on SBA disaster assistance. Individuals who are deaf or hard-of-hearing may call (800)\u202f877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort\u202fWorth, TX\u202f 76155. <\/span><\/p>\n\n\n\n

# # #<\/p>\n\n\n\n

Contact:<\/strong><\/p>\n\n\n\n

Douglas Carroll
Public Information Officer
douglas.m.carroll@hawaii.gov
808-285-1516<\/p>\n\n\n\n

Hollie Reina
Public Relations Specialist
hollie.reina@hawaii.gov
<\/u>808-620-5423<\/p>\n","protected":false},"excerpt":{"rendered":"

SACRAMENTO, Calif. \u2013 Director\u202f Tanya\u202fN.\u202fGarfield of the U.S. Small Business Administration\u2019s Disaster Field Operations Center-West today reminded Hawai`i small nonfarm businesses in Kauai County of the July 13, 2021, deadline […]<\/p>\n","protected":false},"author":126,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"5037,7116,6847,6990,7391,4951","_relevanssi_noindex_reason":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[352,209,351],"tags":[269,268],"class_list":["post-5370","post","type-post","status-publish","format-standard","hentry","category-2016-2021","category-disasters","category-news-release","tag-kauai-county","tag-sba-loans-hawaii-2020-drought"],"acf":[],"_links":{"self":[{"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/posts\/5370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/users\/126"}],"replies":[{"embeddable":true,"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/comments?post=5370"}],"version-history":[{"count":6,"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/posts\/5370\/revisions"}],"predecessor-version":[{"id":15509,"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/posts\/5370\/revisions\/15509"}],"wp:attachment":[{"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/media?parent=5370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/categories?post=5370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dod.hawaii.gov\/hiema\/wp-json\/wp\/v2\/tags?post=5370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}