SBA Offers Disaster Loans to Nonprofits Following Hurricane Lowell
What happened
Following Hurricane Lowell, the Small Business Administration is offering low-interest disaster loans up to $2 million to private nonprofit and faith-based organizations. These loans are available for physical damage, with a deadline of December 7, and for economic injury, with a deadline of July 7, 2027.
From thegardenisland.com
Why it matters
The availability of these low-interest loans provides a direct financial mechanism for nonprofits to recover from disaster-related damage and economic loss. This assistance is part of the broader recovery efforts in Kaua‘i.
From thegardenisland.com
Who's involved
- SBAProviding low-interest disaster loans and assistance to nonprofits
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- KauaiSpeculative
The restaurant chain in Kaua‘i might be able to receive disaster assistance or loans through the SBA following the hurricane.
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The entities involved
Related events
- SBA offers disaster loans to Missouri businesses following a state of emergency declaration.
- FEMA is providing disaster grants and loans to residents in Florida.
- SBA extended disaster loans to Whitman, Idaho, and Spokane counties.
- SBA is providing financial assistance and loans to residents in Canton Township.