Small Business Administration announces disaster assistance prog - Hawaii News Now - KGMB and KHNL

Small Business Administration announces disaster assistance program

Damage caused by Tropical Storm Iselle (Image source: Reed Timmer) Damage caused by Tropical Storm Iselle (Image source: Reed Timmer)
HONOLULU (HawaiiNewsNow) -

Tropical Storm Iselle did significant damage to crops for many Big Island farmers, but even more relief may soon be in sight.

U.S. Sen. Mazie Hirono praised the U.S. Agriculture Department's Farm Service Agency's storm disaster declaration, but urged affected non-farm Big Island businesses to consider SBA loans. The Small Business Administration has announced its own federal emergency assistance program in the wake of Iselle. The SBA loans were automatically triggered by the USDA disaster declaration.

Clarification: Diane Ley, the agency's state executive director, said the September deadlines on their website refer to an earlier disaster declaration triggered by the drought. For the new Iselle declaration, farmers do indeed have eight months to apply, and the agency has several loan programs that are always in force and may be worth checking out.

Related story:

USDA names Hawaii County as primary natural disaster area in wake of Iselle


Copyright 2014 Hawaii News Now. All rights reserved.

Powered by Frankly