Thanks to Hawaii Island Chamber of Commerce:

SBA Economic Injury Disaster Loan Program

Previously it was announced that the SBA’s Office of Disaster Assistance is coordinating with the Hawaii Governor’s Office to certify the state for Economic Injury Disaster Loan Assistance.

Since the SBA Economic Injury Disaster Loan program should become available in the next week to businesses that are being impacted by the Coronavirus (COVID-19), it is important to know how you can start preparing today.

There are 3 SBA forms that will be required (SBA Form 5, SBA Form 413, and SBA Form 2202) in addition to other information listed below:

• Loan application (SBA Form 5), completed and signed (this is electronic/online in the portal)
• Tax Information Authorization (IRS Form 4506-T), completed and signed by each applicant, each principal owning 20 percent or more of the applicant business, each general partner or managing member; and, for any owner who has more than 50 percent ownership in an affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management
• Complete copies, including all schedules, of the most recently filed Federal income tax returns for the applicant business; an explanation if not available
• Personal Financial Statement (SBA Form 413) completed, signed, and dated by the applicant, each principal owning 20 percent or more of the applicant business, and each general partner or managing member
• Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used)

When the SBA Disaster Assistance Portal is open for Hawaii businesses, we will send out an announcement. For the latest information please keep checking invest.hawaii.gov.