Following a federal major disaster declaration for Hurricane Lowell, the SBA is offering low-interest disaster loans up to $2 million to eligible nonprofits in Maui and Kauaʻi counties. The declaration also unlocks federal public assistance for government agencies to cover cleanup and repair costs for public infrastructure.
- Maui County nonprofits affected by Hurricane Lowell can apply for SBA disaster loans up to $2 million at rates as low as 3.625%, with no payments required for the first 12 months.
- Two loan types are available: physical damage loans (deadline Dec. 7) and economic injury loans (deadline July 7, 2027).
- The White House approved a major federal disaster declaration for Hurricane Lowell, covering both Kauaʻi and Maui counties.
- Federal public assistance funds government agencies and certain nonprofits for storm cleanup and repairs to public roads, bridges, buildings, and utilities — not individual households.
- Nonprofits seeking FEMA grant assistance for permanent repairs must apply to the SBA first.
Source: Kauainownews
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