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Disaster loans available to businesses, nonprofits and residents affected by Kona low storms
- SBA now offers low-interest disaster loans to Hawaii residents, businesses, and nonprofits affected by the Kona low storms.
- Eligible counties include Maui, Hawaii Island, and the City and County of Honolulu for various loan types.
- Homeowners and renters may borrow up to $100,000 for personal property and up to $500,000 for primary residence repairs.
- Business and nonprofit loans can provide up to $2 million for physical damage or related needs.
- Interest rates are low, with 2.875% for homeowners/renters, 3.625% for private nonprofits, and 4% for businesses.
- Disaster recovery centers will open to provide in-person loan assistance.
- Additional information can be obtained via the SBA helpline or disastercustomerservice email.
- The impact area includes March 10–24 Kona low storms across multiple islands.
- FEMA confirmed federal funding is available for those affected.
- The loans cover both real estate and personal property losses for eligible applicants.
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