Small businesses may apply for federal disaster loans
Small nonfarm businesses in Kalawao and Maui counties are eligible to apply for low-interest federal disaster loans from the U.S. Small Business Administration to offset economic losses caused by the drought that began this year, a release said.
Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred.
Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Those entities should contact the Farm Services Agency about U.S. Department of Agriculture assistance made available by the U.S. Secretary of Agriculture’s declaration Wednesday of an agriculture disaster.
In drought disasters, nurseries are eligible for SBA disaster assistance.
To apply online see disasterloan.sba.gov/ela.
Information and application forms are also available from SBA’s customer service center at (800) 659-2955, send email to email@example.com or see www.sba.gov/ services/disasterassistance.
Individuals who are deaf or hard of hearing may call (800) 877-8339.
The deadline to apply is Sept. 9.