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
COVID-19
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).
Senator Brian Schatz announced today that the U.S. Senate is set to pass a new coronavirus economic recovery package. The bipartisan deal includes billions in new funding to replenish small business relief programs, providing more Hawaiʻi small businesses with a chance to access federal dollars. “Many small businesses in Hawaiʻi were unable to access the ...
Read More Congress Expected to Approve Additional Funding for SBA Loan Programs
A list of important resources for government contractors who have been impacted by the COVID-19 (coronavirus) pandemic.
This 3-Part webinar series will feature finance experts discussing tools available to assist U.S. exporters with weathering the economic impact of the global health crisis. The series will discuss strategies for obtaining credit, working with federal agencies and banking professionals to obtain financing under the CARES Act, and obtaining alternative finance solutions. All session are ...
Read More Support for U.S. Exporters During Global Economic Uncertainty