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COVID-19 Hawaii Business Resource Page
The Coronavirus Aid, Relief, and Economic Security Act “CARES Act” was signed into law on Friday March 27, 2020 with $349 billion in funding and the goal of preventing job loss and small businesses failure due to losses caused by the COVID-19 pandemic. The CARES Act greatly expands the SBA’s Economic Injury Disaster Loan (EIDL) program and introduces the new Paychecks Protection Program (PPP) that is available for eligible small businesses, including sole proprietors and non-profits.
SBA Disaster Loan Portal Now Open
Hawaii businesses may now apply for SBA’s Economic Injury Disaster Loan Assistance Program at https://disasterloan.sba.gov/ela. The loans can be used to pay fixed debts, payroll and other bills that can’t be paid due to the COVID-19 disaster’s impact.
Your business may be eligible for tax breaks and other benefits through Hawaii’s Enterprise Zones Partnership (EZ) Program.
Opportunity Zones Program
Hawaii designated 25 census tracts as Opportunity Zones to encourage long-term investments in low-income urban and rural communities.
Community Based Economic Development (CBED)
CBED offers micro-loans up to $50,000, to eligible small businesses that support economic development in their communities.