Hawaii businesses seeking COVID-19 related funding that is not a PPP loan, may want to consider the following options.
Eligibility, deadlines and funding amounts vary.
See the respective websites for the latest information.
Economic Injury Disaster Loan (EIDL) and EIDL Advance
The SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance for businesses experiencing temporary difficulties was expanded on June 15, 2020 to a broader array of eligible small businesses and nonprofits. Applications accepted through the end of the year.
More information: Economic Injury Disaster Loan Emergency Advance
Hawaii Community Reinvestment Corporation (HCRC) Emergency Loan Program
Short-term bridge loans and term loans to non-profit organizations and mission aligned small businesses in the State of Hawaii. Available to business and organizations that are otherwise unable to secure financing and are in immediate need of capital as a result of the COVID-19 crisis and mandatory business shut down.
More information: HCRC Emergency Loan Program (HELP)
Oahu: Small Business Relief and Recovery Fund
City & County of Honolulu program offers a one-time reimbursement for expenses up to $10,000 for businesses with 50 or fewer employees and less than $2 million in revenue. Eligible expenses include rent, utilities, payroll, and physical distancing measures.
More information: Small Business Relief and Recovery Fund
Maui: Microbusiness Loan Program
The County of Maui has provided $1,000,000 to the Maui Chamber of Commerce to provide 0% interest loans to businesses located in Maui County with 10 or fewer employees during the pandemic and recession. The emphasis is on serving as many small, economically disadvantaged businesses with these funds.
More information: Maui Microbusiness Loan Program
Maui: Office of Economic Development Support for Businesses
List of resources available to Maui business owners provided by the Maui Office of Economic Development. Includes links to microloans, webinars, unemployment insurance updates and more.
More information: County of Maui Support for Businesses
Hawaii Island: County Department of Research and Development
List of grant and funding information for use by nonprofit organizations, county agencies, and educational institutions in Hawaii County.
More information: County of Hawaii Department of Research and Development
Hawaii Island: COVID-19 Relief for Business and Incorporated Entities
Funding opportunities, economic impact reports, and related business resources for the County of Hawaii.
More information: County of Hawaii COVID-19 Relief for Business and Incorporated Entities
Kauai: CARES Act Request for Proposals
The County of Kauai is soliciting proposals for projects or events that respond to the current Coronavirus (COVID-19) public health emergency. Proposals must be received on or before June 24th, 2020 at 4:30pm HST.
More information: CARES Act Request for Proposals
Kauai: Office of Economic Development
Latest news from the County of Kauai Office of Economic Development includes details on a variety of programs and opportunities to support businesses and create economic opportunities for the residents of the County of Kauai.
More information: County of Kauai Office of Economic Development
This article is for informational purposes only and does not constitute legal advice. Readers should first consult their attorney, accountant or adviser before acting upon any information in this article.