Loans – David Y. Ige | HI-EMA NEWS RELEASE: SMALL BUSINESS LOANS AVAILABLE TO COUNTER HONOLULU DROUGHT IMPACTS – The Black Chronicle
HI-EMA NEWS RELEASE: SMALL BUSINESS LOANS AVAILABLE TO COUNTER HONOLULU DROUGHT IMPACTS
Posted on Nov 25, 2020 in Newest Information, Newsroom
HONOLULU Hawaii Emergency Administration Firm (HI-EMA) wish to remind most people that small nonfarm corporations in Honolulu in the meanwhile are eligible to make use of for low curiosity federal disaster loans from the U.S. Small Enterprise Administration. These loans offset monetary losses on account of diminished revenues attributable to drought in Honolulu County that began Sept. 15, 2020.
Small nonfarm corporations, small agricultural cooperatives, small corporations engaged in aquaculture and most personal nonprofit organizations of any dimension would possibly qualify for Monetary Hurt Disaster Loans of as a lot as $2 million to help meet financial obligations and dealing payments which could have been met had the disaster not occurred.
These monies can present to be an indispensable assist for the struggling small corporations affected by the drought that started in September, talked about HI-EMA Administrator Luke Meyers.
Eligibility for these loans depends on the financial impression of the disaster solely and by no means on any exact property harm. These loans have an price of curiosity of threep.c for corporations and a few.75p.c for private nonprofit organizations, a most time interval of 30years and may be discovered to small corporations and most personal nonprofits with out the financial capability to offset the adversarial impression with out hardship.
Candidates would possibly apply on-line, get hold of additional disaster assist knowledge and procure capabilities at https://disasterloanassistance.sba.gov/. Candidates may moreover title S(BA)s Purchaser Service Center at (800) 659-2955 or e-mail [emailprotected] for additional knowledge on S(BA) disaster assist. Individuals who’re deaf or onerous of listening to would possibly title (800) 877-8339. Completed capabilities must be mailed to U.S. Small Enterprise Administration, Processing and Disbursement Center, 14925 Kingsport Freeway, Fort Worth, TX 76155.
The deadline to make use of for monetary hurt is July 6, 2021.
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