{"id":57880,"date":"2024-02-08T23:47:04","date_gmt":"2024-02-08T23:47:04","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/sba-administrator-visits-maui-on-six-month-anniversary-of-wildfires-announces-more-than-292-million-in-disaster-assistance-loans-for-residents-and-businesses\/"},"modified":"2024-02-08T23:47:04","modified_gmt":"2024-02-08T23:47:04","slug":"sba-administrator-visits-maui-on-six-month-anniversary-of-wildfires-announces-more-than-292-million-in-disaster-assistance-loans-for-residents-and-businesses","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/sba-administrator-visits-maui-on-six-month-anniversary-of-wildfires-announces-more-than-292-million-in-disaster-assistance-loans-for-residents-and-businesses\/","title":{"rendered":"SBA Administrator Visits Maui on Six-Month Anniversary of Wildfires; Announces More Than $292 Million in Disaster Assistance Loans for Residents and Businesses"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p>Maui, Hawaii, Feb.  08, 2024  (GLOBE NEWSWIRE) &#8212; On Thursday, Feb. 8, 2024, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FWqNDM-PU-ifC0cktqgcvCyfuhztnswwkxaec_acezAKZl2i66zrZCUieXe7_gng0LOgKPCj_xxlUSNw2OY_nJ1NADPRq-_OoqYt85eSV0N_cqXHWcolVmRqWT6FR5ATDwL6Ol89__JnvwojWn8-Ug==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><b>Administrator Isabel Casillas Guzman<\/b><\/a><b>,<\/b>\u00a0head of the<b>\u00a0<\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ozrskef5v9OlR80ZGy94d7fnCajVZywxWTPDYUx5C_EvP5oZl0FC-ZEjc_kVKmJ1UM-HhVtHsHWRh8A14e8aZehHbMq8omitr_52kwelI_NXQYkoiKM7Rc3W1rQQdYsf\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><b>U.S. Small Business Administration (SBA)<\/b><\/a>\u00a0and the voice in President Biden\u2019s Cabinet for America\u2019s more than 33 million small businesses and startups visited Maui, HI, to highlight the agency\u2019s work in the aftermath of the disastrous August 2023 wildfires, meet with local partners involved in Maui\u2019s recovery, and speak with impacted communities. <\/p>\n<p>\u201cIn the six months since the devastating Maui wildfires, the U.S. Small Business Administration has helped deliver the Biden-Harris Administration\u2019s whole-of-government approach to Maui\u2019s recovery by scaling up our local operations, expanding our partnerships on the ground, and offering financial relief and technical assistance to small businesses and the communities they serve,\u201d said <b>Administrator Guzman. <\/b>\u201cThe SBA has directed more than $292 million in loans to small business owners, nonprofits, and renters seeking to rebuild their lives. We know there is still a long road ahead to economic recovery, and the SBA stands ready to work alongside federal, state, local, and private partners to ensure all of the communities impacted can reimagine and rebuild leveraging the full resources of the SBA.\u201d\u00a0\u00a0 <\/p>\n<p>Administrator Guzman first <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=d4CWKtV5UfJsWFtXojPP9f_1rOhqyfeniCyVsAargidVpEnNYpKEsGBYNESihCOiPClsTVgJEei6hTrljQHYyW_oKU2Hk9V0JysWW0nJ41D1GVFBAsljCGWnuR41xLxlytXa8QvR0QKC7Tf_wP6MS6h-w0ar9duWnhFnLHkU9gBgCxRRsVpeCKirnos4ce4eCCWzAw5NM4u1PFXaZ5tSLKgQ5Fo5xSKbJVGD1RvrX78=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"traveled\">traveled<\/a> to Maui alongside FEMA Administrator Deanne Criswell on Aug. 11, 2023, following President Biden\u2019s disaster declaration in Hawaii. The Administrators surveyed the damage and highlighted federal resources available to those affected by the wildfires. The SBA also <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nVEL844NVNi8-j8kAnHXXkOW6Seg8WsD6GBodkx4zK0Pgd_f6lC_t63qMCvBc2R1IbtU4nHMxuepG8WxR97NfUCPUzDUS_MW8qaydxm1iuENNR7vhoHqflFYURRDof8TdwvDCcdDNCxOxyO2qN8-I-EhDWIRXnIIlebargSdIOIJZmcBGo0ZaYp-s4sdqaJiBgqTteMEkfzhhzz-t7c70RhEhkySWNOo12SSGsZ5ulM=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"opened\">opened<\/a> its first Business Recovery Center (BRC) on Maui ahead of President Biden\u2019s visit on Aug. 21, where he met with local officials regarding ongoing recovery efforts and continued to commit the full weight of the federal government to help the people of Hawaii rebuild. <\/p>\n<p>As of February 5, 2024, the SBA has approved <b>more than 1,700 loans totaling $292.7 million<\/b> in disaster lending for Hawaii:<\/p>\n<ul>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>$189.4 million<\/b> total for home loans<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>$103.3 million<\/b> total for business loans<\/li>\n<\/ul>\n<p>In an effort to honor the cumbersome nature of recovery, the SBA has implemented other flexibilities in delivering critical funding. For example, the agency has <b>deferred interest<\/b> 12 months from loan disbursement and has <b>waived the requirement to re-underwrite<\/b> after 12 months. <\/p>\n<p>Currently, the SBA is offering assistance at <b>eight disaster centers<\/b> in impacted areas with a total of <b>37 SBA staff members<\/b> on the ground and ready to help:<\/p>\n<ol>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Joint Field Office (JFO) Honolulu, Hawaii<\/b> \u2013 Prince Kuhio Federal Building <\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Interim Operating Facility (IOF) Lahaina, Maui County<\/b> \u2013 Sheraton <\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Disaster Loan Outreach Center (DLOC) Kahului, Maui County <\/b>\u2013 Kahului Public Library<\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Business Recovery Centers (BRC<\/b>) Kihei, Maui County \u2013 MRTC <\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Disaster Recovery Centers (DRC) Lahaina, Maui County<\/b> \u2013 Civic Ctr. <\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>BRC Honolulu, Honolulu County<\/b> \u2013 Pier 2 <\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\"><b>Business Resource Assessment Center (BRAC) Kihei, Maui County<\/b> \u2013 MRTC <\/li>\n<li style=\"margin-top:0in; margin-bottom:0in;\">**<b>Pop-up ~ Council for Native Hawaiian Advancement <\/b>\u2013 70 E Kaahumanu Ave., Kahului, HI 96732\u00a0<\/li>\n<\/ol>\n<p>The SBA provides <b>one-on-one assistance to disaster loan applicants<\/b> at all the federal-state centers to explain the SBA\u2019s disaster loan program and help business owners and residents close their approved disaster loans. Outreach from SBA field locations in disaster recovery centers has reached nearly <b>6,000 survivors. <\/b>The SBA has also reached out to nearly <b>4,000 survivors<\/b> in various shelters, both the initial congregate shelters and later hotel lodging and other non-congregate shelters.<\/p>\n<p>Businesses of all sizes and private nonprofit organizations may borrow up to <b>$2 million<\/b> to repair or replace damaged or destroyed real estate, machinery, equipment, inventory, and other business assets. The SBA can also lend additional funds to help businesses and residents with the cost of making improvements that protect, prevent, or minimize the same type of disaster damage from occurring in the future.<\/p>\n<p>For small businesses and most private nonprofit organizations of all sizes, SBA offers <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NAZnGX3mdLzis1sOhB4IP_sZEz5m9rOkclXbyi9vuv758xKbIWB5mDVu9h0jgABYCZbwjIXrAQeTeWcYV5e0zjSvypo3gjw_zIiUC1xC-h96XMf3pQQ9tnJC1A8laqYCyBTdkNcZOQkEt7D_MvrmSt3pw30T-nykX-SwR6Z5cEqeTrPkGb1QT2yNWcjkemEa\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Economic Injury Disaster Loans\">Economic Injury Disaster Loans<\/a> (EIDL) to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. The deadline to apply for economic injury is <b>May 10, 2024.<\/b><\/p>\n<p>Disaster loans up to <b>$500,000<\/b> were available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters were eligible for up to <b>$100,000<\/b> to repair or replace damaged or destroyed personal property, including personal vehicles. The deadline for physical disaster loans was <b>December 11, 2023. <\/b>However, the SBA will work on a case-by-case basis to extend depending on a survivor\u2019s circumstances.<\/p>\n<p>Interest rates for these loans can be as low as <b>4 percent<\/b> for businesses, <b>2.375 percent<\/b> for private nonprofit organizations, and<b> 2.5 percent <\/b>for homeowners and renters with terms up to<b> 30 years<\/b>. Loan amounts and terms are set by SBA and are based on each applicant\u2019s financial condition.<\/p>\n<p>Applicants may apply online, receive additional disaster assistance information, and download applications at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u8VLLsCe3nYgTsBBRICazPVu0UKArUmvBZCxQyYMcqz4HCBVFV4C2ZJLanfmy3201K0QfQt5iBUXVSioMHcGTSTUwza6J1463ojvXxAbBsnRWtMTinsMQTZHCRESXp1SFgrRaiNgWvGLbuc03HLxMA==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/www.sba.gov\/hawaii-wildfires<\/a>. Applicants may also call SBA\u2019s Customer Service Center at (800)\u00a0659-2955 or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sMcHQUfTsS14GUAw5vODUMFVKC_7J60yPc08wbpCQMYqoSsPWAGyOh0kW2lb2ijMOGZ-xRmebvKayUXPJW_sLPo7_qeDkgu6FB2QMO6GNW5lN-AJcHd1_ncdl2rWYDmB\" rel=\"nofollow noopener\" target=\"_blank\" title=\"disastercustomerservice@sba.gov\">disastercustomerservice@sba.gov<\/a> for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to the U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort\u00a0Worth, TX\u00a0 76155.<\/p>\n<p align=\"center\">###<\/p>\n<p><b>About the U.S. Small Business Administration<\/b><br \/>The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uak-Cz-r5Y4O8RYSjk74ecsCuL6_7dXK7VaVenmooLts_2Jm7lXT3b8dW3a5_1CmkDdlkkEdVxPwg9xIjAQM7w==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.sba.gov\">www.sba.gov<\/a>.<\/p>\n<pre\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Maui, Hawaii, Feb. 08, 2024 (GLOBE NEWSWIRE) &#8212; On Thursday, Feb. 8, 2024, Administrator Isabel Casillas Guzman,\u00a0head of the\u00a0U.S. Small Business Administration (SBA)\u00a0and the voice in President Biden\u2019s Cabinet for America\u2019s more than 33 million small businesses and startups visited Maui, HI, to highlight the agency\u2019s work in the aftermath of the disastrous August 2023 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":57881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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