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June 5, 2020 — the following was recently announced:
Update: Changes to the Terms of the PPP
Today, the Paycheck Protection Program Flexibility Act was signed into law, providing small businesses with more time and more flexibility to use their Paycheck Protection Program (PPP) loans. The new law:
The Paycheck Protection Program provides small businesses – including restaurants, hotels, and non-profits – with zero-fee loans of up to $10 million to cover payroll and other operating expenses. For more information on the PPP, visit www.schatz.senate.gov/coronavirus/small-businesses/sba-paycheck-protection-loan-program.
Economic Injury Disaster Loan Emergency Advance
June 15, 2020 – To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.
Your business may be eligible for tax breaks and other benefits through Hawaii’s Enterprise Zones Partnership (EZ) Program.
Hawaiʻi Economic & Community Navigator
Changing the trajectory of Hawaiʻi towards a more balanced, innovative, and sustainable economy – that balances the people, place, and culture with the environment, land, and ocean.
Community Based Economic Development (CBED)
CBED offers micro-loans up to $50,000, to eligible small businesses that support economic development in their communities.