SBA Opens Disaster Loan Outreach Center in Hawai‘i County
What happened
The U.S. Small Business Administration established a Disaster Loan Outreach Center in Hawai‘i County to assist businesses, private nonprofits, and residents affected by the May 22 earthquake. The center is located in Captain Cook and will operate until November 24, with another location available at Hanama Place. Customer service representatives are available to help with the disaster loan application process.
From bigislandnow.com
Why it matters
The outreach center provides direct assistance to small businesses and communities seeking financial support and recovery aid through disaster loans. This initiative supports the economic recovery efforts in the region following the earthquake.
From bigislandnow.com
Who's involved
- SBAOperates the Disaster Loan Outreach Center to assist affected communities.
- Kailua-KonaLocation where the SBA operates an outreach center.
- Hawaii CountyCounty in Hawai‘i where the SBA center is located.
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
Businesses in Kauai might see increased access to credit and funding through the disaster loan program.
- Hawaii CountySpeculative
Hawaii County might face increased administrative and regulatory burden due to the coordination of disaster loan applications.
- Main StreetSpeculative
Small businesses could receive financial support and recovery aid directly through disaster loans.
- bankSpeculative
A bank might see greater utilization of its Preferred Lender Program status due to the increased volume of disaster loans.
- Hanmi BankSpeculative
Hanmi Bank could see boosted utilization of SBA programs due to increased disaster loan activity in the region.
Keep exploring
The entities involved
- SBA
-
Kailua-Kona
census designated place in Hawaii County, Hawaii, United States
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