Business Physical Disaster | Small Business Administration, US - Hawaii Office

--US SBA Business Physical Disaster Loan applications are due Sunday, June 14, 2026-- United States Small Business Administration (US SBA) provides: -Up to $2 million to qualified businesses or most private nonprofit organizations to cover disaster losses not fully covered by insurance -Covers disaster losses not fully covered by insurance or other sources. If required to apply insurance proceeds to an outstanding mortgage on the damaged property, that amount can be included in your disaster loan application. -Proceeds from insurance coverage on business property may be deducted from the eligible loan amount. Use of proceeds Loan proceeds may be used for the repair or replacement of the following: Real property, machinery, equipment, fixtures, inventory, or leasehold improvements. Disaster loan funds may not be used to upgrade or expand a business, except as required by building codes. If you apply for mitigation assistance, https://www.sba.gov/funding-programs/disaster-assistance/mitigation-assistance, to make improvements that help reduce the risk of future property damage, you may be eligible for up to a 20% loan amount increase above the real estate damage, as verified by SBA. Terms -First payment deferred for 12 months -No interest accrual for the first 12 months For applicants unable to obtain credit elsewhere: The interest rate will not exceed 4%. For applicants who can obtain credit elsewhere: The interest rate will not exceed 8%. SBA will determine whether an applicant can obtain credit elsewhere. Maturity -Up to 30 years, depending on ability to repay the loan -No pre-payment penalty or fees Collateral requirements -Collateral is required to the extent possible for physical damage loans over $50,000 in Presidential declarations and $14,000 in agency declarations. -Real estate is the preferred collateral. Loans of $200,000 or less will not require the owner of the business to use their primary residence as collateral if it is determined the owner has other assets of equal quality and of a value equal to or greater than the amount of the loan. How to apply Apply online for an SBA disaster assistance loan, https://lending.sba.gov/search-disaster/ . SBA’s inspectors will estimate the cost of damage once your application is completed and submitted. To find a US SBA Recovery Center and to schedule an appointment visit: https://appointment.sba.gov/schedule/ Locations: For all US SBA programs, the US SBA has a representative Monday-Sunday 10:00 am - 7:00 pm at the Waialua Recovery Center, Old Waialua Courthouse, 66 207 Kamehameha Highway, Haleiwa, HI 96712. Call (808) 460-8698 or visit the website, https://www.kakoomai.org/waialua . For business-specific disaster loan programs, the location is the Hawaii Small Business Development Center - Oahu, 677 Ala Moana Boulevard, 612, Honolulu, HI. Call (808) 945-1430, email [email protected], or visit the website https://hisbdc.org . Hawaii County, Business Recovery Center, Hawaii County Office of Aging, 1055 Kinoole Street, 101, Conference Room, Hilo, HI 96720. Open Monday-Friday 8:00 am - 4:00 pm .Walk-ins are welcome but in-person appointments can be scheduled in advance at https://appointment.sba.gov. For more information, visit the website, https://www.sba.gov/article/2026/04/15/sba-will-open-business-recovery-center-hilo