Administrative Declaration of an Economic Injury Disaster for the State of Hawaii
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law provides notice of an Economic Injury Disaster Loan (EIDL) declaration for the state of Hawaii due to the Downtown Hilo Fire incident. It allows affected businesses and non-profit organizations to apply for low-interest disaster loans to help recover from financial losses incurred during the specified incident period. The EIDL applications can be submitted online or in person at local locations designated for disaster assistance.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- EIDL declaration issued for Hawaii due to Downtown Hilo Fire.
- Businesses and non-profits can apply for disaster loans.
- Application deadline set for January 4, 2027.
Obligations
What this law requires
Affected businesses and non-profit organizations must submit EIDL applications by January 4, 2027 deadline
EIDL applications must be submitted either online through the MySBA Loan Portal at https://lending.sba.gov or in person at locally announced disaster assistance locations
Business and small agricultural cooperatives without credit available elsewhere are eligible to receive EIDL loans at an interest rate of 4.000 percent
Private non-profit organizations without credit available elsewhere are eligible to receive EIDL loans at an interest rate of 3.625 percent
SBA must make disaster assistance available to the primary affected county (Hawaii) and contiguous counties (Honolulu, Kalawao, Kauai, Maui)