SBA Tops $25 Million in Disaster Assistance Loans

The Hawaii Files Volcano Watch

U.S. Small Business Administration Logo

NEWS | PRESS RELEASE | VOLCANO WATCH

SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $25 million in federal disaster loans for Hawaii businesses and residents impacted by the Kilauea volcanic eruption and earthquakes that began May 3, 2018. According to Garfield, SBA has approved $6,532,800 for businesses and $18,476,600 for residents to help rebuild and recover from this disaster.

“SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Garfield. Businesses and residents who sustained damages are encouraged to register prior to the Aug. 13, 2018, deadline with the Federal Emergency Management Agency at www.disasterassistance.gov. “Don’t miss out on any assistance you may be entitled to by not registering for help. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” she added.

SBA continues to provide one-on-one assistance to business owners and individuals at the following location on the days and times indicated. No appointment is necessary.

HAWAII COUNTY
Disaster Recovery Center (DRC)
Pahoa Neighborhood Facility, Meeting Room #3
15-3022 Kauhale St.
Pahoa, HI 96778

Mondays – Fridays, 8:00 am – 6:00 pm
Saturdays, 8:00 am – 4:00 pm

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. The SBA can also lend additional funds to help business and residents with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.

For small businesses and most private nonprofit organizations of all sizes, 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 $200,000 are available to homeowners to repair or replace their damaged or destroyed primary residence. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

These low-interest federal disaster loans are available in Hawaii County.

Applicants may apply online, receive additional disaster assistance information and download applications at

https://disasterloan.sba.gov/ela.

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. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to apply for property damage is Aug. 13, 2018. The deadline to apply for economic injury is March 14, 2019.

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SBA Announces Hawaii’s 2018 Top Small Business Winners

National Small Business Week 2018

The U.S. Small Business Administration announced Hawaii’s winners of their various awards as the week of April 29 to May 5 has been designated National Small Business Week.

From the SBA’s Press Release:

SBA Announces Hawaii’s 2018 Top Small Business Winners

Celebrate National Small Business Week- April 29 to May 5, 2018

Barbers Point Aviation Webpage
Screenshot of Barbers Point Aviation Webpage
Reginald Perry
Reginald Perry – Hawaii’s Small Business Person of the Year

Reginald “Regi” Perry, managing member of Barbers Point Aviation Services, LLC, was named the 2018 Small Business Person of the Year for the State of Hawaii by the U.S. Small Business Administration Hawaii District Office.   Perry will represent the State of Hawaii at the celebration of National Small Business Week in Washington, D.C. from April 29 to 30 before returning to the islands to attend the local honors.

The 31st Annual Statewide SBA Awards will be presented to an impressive roster of top performing, entrepreneurial, savvy small business owners, exporters, contractors and small business advocates at a ceremony and luncheon May 4, 2018, at the Hawaii Prince Hotel in Waikiki.

Continue reading “SBA Announces Hawaii’s 2018 Top Small Business Winners”

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SBA Offers Disaster Assistance to Marco Polo Condo Fire Residents

Burned Out Marco Polo Condo

PRESS RELEASE

Low-interest federal disaster loans are available to Hawaii businesses and residents affected by the Marco Polo Fire that occurred July 14, 2017, U.S. Small Business Administration’s Administrator Linda McMahon announced on Wednesday. SBA acted under its own authority to declare a disaster in response to a request SBA received from Gov. David Ige on Sept. 8, 2017.

The disaster declaration makes SBA assistance available in Honolulu County.

“SBA is strongly committed to providing Hawaii with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said McMahon. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

“Low-interest federal disaster loans are available to homeowners and renters whose property was damaged or destroyed by this disaster,” said SBA’s Hawaii District Director Jane Sawyer. “Beginning Thursday, Sept. 14, SBA representatives will be on hand at the following Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Sawyer continued. The center will be open on the days and times indicated below. No appointment is necessary.

HONOLULU COUNTY
Disaster Loan Outreach Center
A.O.A.O. Marco Polo Apartments
2333 Kapiolani Blvd.
Honolulu, Hawaii 96826
Opens 9 a.m. Thursday, Sept. 14
Mondays – Fridays, 9 a.m. – 6 p.m.
Closes 6 p.m. Thursday, Sept. 28

Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. 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. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The deadline to apply for property damage is Nov. 13, 2017. The deadline to apply for economic injury is June 11, 2018.

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SBA Honors Hawaii Entrepreneurs as
2017 National Small Business Persons of the Year

Entrepreneurs from Kentucky, California and Virginia also recognized by SBA as runners-up

SBA Logo

PRESS RELEASE

WASHINGTON, D.C. – As part of National Small Business Week, Linda McMahon, Administrator of the U.S. Small Business Administration, today recognized this year’s Small Business Person(s) of the Year and other national award winners at a ceremony and reception at the United States Institute of Peace in Washington, D.C.

“It is my extreme pleasure to announce that husband-and-wife business partners Garrett and Melanie Marrero of Maui Brewing Company are this year’s national Small Business Persons of the Year,” McMahon said. “Their innovative spirit, with assistance from the SBA and its lending and partners, created a thriving business and hundreds of jobs for their community.”

Maui Brewing Company, headquartered in Kihei, Hawaii, started in 2005 as a small seven-barrel brewpub with the help of SBA financing. Today, it is the largest craft beer producer in Hawaii.

“Garrett and Melanie have shown impressive growth, expanding in size, sales and scope of their business,” McMahon said. “By 2007, increasing demand led them to open a second location in Lahaina with a 25-barrel capacity, giving them the ability to provide brewery tours and making it a tourist destination as well. By 2013, they were producing more than 19,000 barrels of beer a year, boosting revenues to more than $10 million. They have since expanded with a new 18,000 square-foot restaurant that opened in Oahu last year, and new brewpubs and eateries are scheduled to open later this year. By the end of 2018, Maui Brewing Company will employ a workforce of 700.”

McMahon also recognized National Small Business Person of the Year runners-up from Kentucky, California and Virginia, as well as winners from each of America’s states and territories.

“All of our winners have built very successful businesses through their hard work, innovative ideas and dedication to their employees and communities,” McMahon said.

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