COVID-19

An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. Borrowers may be eligible for PPP loan forgiveness. SBA is currently offering PPP loans until May 31, 2021. President Biden announced program changes to make access to PPP loans more equitable.

The SBA will begin accepting applications for the Shuttered Venue Operators (SVO) grant program on April 8. The December relief law provided $15 billion nationwide to a new SBA grant program for live venues impacted by the public health crisis.

On March 6, the Senate passed the American Rescue Plan, a new COVID-19 relief package which will provide at least $6 billion in new federal funding to help Hawai'i families and local businesses during the pandemic. It is expected to easily pass the House of Representatives and be signed into law by the president in the coming days.

On Monday, February 22, President Biden announced the following changes to SBA’s coronavirus relief programs to ensure equity: Specifically, on Wednesday, February 24, 2021 at 9 am ET, SBA will establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This will give lenders and community partners more ...
Read More Biden Administration takes steps to promote equitable access to SBA relief

WASHINGTON – The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on ...
Read More SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

Be sure to visit our COVID-19 Hawaii Business Resource Page. SBA’s Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Non-Profits Impacted by COVID-19 Pandemic Release Date:  Monday, June 15, 2020 Release Number:  20-47 Contact: Press_Office@sba.gov, (202) 205-7036 WASHINGTON – To further meet the needs of U.S. small businesses and non-profits, the U.S. ...
Read More Economic Injury Disaster Loan (EIDL)

The Defense Pricing and Contracting Office has issued several memorandums and class deviations in response to COVID-19. The CARES act Section 3610 specifically addresses issues related to Department of Defense contracting and the flexibility of Contracting Officers during the response to the pandemic. You may view the applicability of Section 3610 here: https://www.acq.osd.mil/dpap/policy/policyvault/Class_Deviation_2020-O0013.pdf. You may ...
Read More COVID-19 Guidance for DoD contractors

Changing the trajectory of Hawai’i towards a more balanced, innovative, and sustainable economy – that balances the people, place, and culture with the environment, land, and ocean. Please regularly view our website, recoverynavigator.hawaii.gov, for updates. COVID-19 has had a severe and unprecedented impact on the state economy and community. Hotels, shopping malls, airlines, restaurants, retailers, ...
Read More Announcing the Launch of the Hawai’i Economic & Community Navigator

Additional SBA Funding On April 23, 2020, Representative Ed Case announced the U.S. House of Representatives passed the Paycheck Protection Program and Health Care Enhancement Act. See his press release here. This $483 billion bill, which the President signed into law earlier today, provides critically needed funding for the Small Business Administration’s (SBA) COVID-19 relief programs. This ...
Read More Congress Approves Additional SBA Funding

Hawai‘i small businesses suffering financial losses due to the impact of COVID-19 can now file for low-interest working capital loans of up to $2 million from the Small Business Administration (SBA).