Coronavirus Business Resources
NOTICE TO SMALL BUSINESS OWNERS AND NONPROFITS:
Senator Hirono is aware of the challenges many Hawaii businesses are having with accessing the newly enacted and expanded SBA programs described below. She is working with her colleagues and local stakeholders to ensure these stabilizing programs are implemented fairly and effectively and ensure that relief is provided to as many people as possible as we move through this pandemic.
Congress recently created and expanded programs to support businesses and nonprofits through the Paycheck Protection Program, Economic Injury Disaster Loan program, and the Emergency Economic Injury Grant program.
In addition, Congress has provided authority for the U.S. Small Business Administration (SBA) to help existing SBA borrowers cover the cost of debt service and created resources that will allow the U.S. Treasury and Federal Reserve to expand access to credit broadly to businesses of all sizes.
Finally, Congress has made a series of temporary changes to the tax code that may be of interest.
Recently enacted federal legislation provides resources and initiatives to assist businesses impacted by the COVID-19 pandemic. The guides below provide summary information about major provisions that could offer critical support to Hawaii’s industries.