COVID-19 Small Business & Nonprofit Resources

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Small Business Virtual Town Hall | April 6, 2020

U.S. Small Business Administration

Apply for COVID-19 Economic Injury Disaster Loan (EIDL) & Grant funds.

Note that the $10k grant is a small by-line in the application. Although SBA refers to this is a “grant”, it’s actually a cash advance on the loan that will be forgiven. It seems the simplified application is intended to expedite the grant funds (SBA promises three-days). It seems likely that the loan consideration will require additional financials, of which SBA will request.
You CANNOT apply for the grant without completing the loan application. It seems that you may have an opportunity to decline the loan, should you only be interested in the grant. It goes without saying, due to the newness of this program, much of the above is my personal opinion based on review of the SBA forms, conversations with SBA, etc. New development should be carefully considered.

Additional SBA Resources:

Export-Import Bank (EXIM)

EXIM is committed to fully supporting the U.S. exporting community during this crisis and is offering temporary bridge financing, supply chain financing guarantee, and more. This page will be updated with any information about EXIM’s response activities: www.exim.gov/coronavirus-response/

Hawaii-specific Resources

Department of Business, Economic Development, and Tourism (DBEDT)

DBEDT is gathering information and resources for Hawaii’s small businesses affected by COVID-19. We will keep updating this page, so please be sure to refer back often.

If you become aware of additional resources, please email them to dbedt.cbed@hawaii.gov. They will be shared: COVID-19 Hawaii Business R esource Page .