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The Maui News

Extension of Deadline for Hawaii Wildfires Damage Loans

The U.S. Small Business Administration (SBA) recently announced that it will extend the application deadline for physical damage loans for those affected by the Hawaii wildfires. This decision was made following the efforts of Hawaii’s congressional delegation, particularly Hawaii U.S. Sen. Mazie Hirono.

The original deadline for loan applications, which was set on October 10, has now been extended to November 9. This extension provides more time for impacted individuals and businesses to seek financial assistance.

Thanks to the SBA’s support, over $139 million in federal disaster loans have been approved since the wildfires began on August 8. These funds include $40.6 million designated for businesses and $98.6 million for residents, aiming to aid in the recovery and rebuilding process, as reported by the SBA.

How AI legalese decoder Can Help

During times of disaster, understanding and navigating the complex legalities surrounding loan applications and disaster assistance can be overwhelming. However, the AI legalese decoder offers a solution.

This innovative technology uses artificial intelligence to decipher and simplify legal language, making it easier for individuals and businesses to comprehend and fulfill the requirements of the loan application process. By using the AI legalese decoder, applicants can save time and ensure that their applications are accurate and complete.

Moreover, the AI legalese decoder provides personalized guidance and recommendations based on the specific situation of each applicant, increasing their chances of receiving the financial assistance they need to recover and rebuild after the devastating Hawaii wildfires.

With the Nov. 9 deadline approaching, it is crucial for businesses and residents in Maui County to register with the Federal Emergency Management Agency (FEMA) at www.disasterassistance.gov. Additionally, small businesses and nonprofits in all five counties of Hawaii should submit their applications for economic injury loans at disasterloanassistance.sba.gov before May 10, 2024.

For more information on the SBA’s disaster assistance, applicants can visit www.sba.gov/hawaii-wildfires, call the SBA’s Customer Service Center at (800) 659-2955, or email [email protected]. Individuals with hearing impairments can dial 711 for telecommunication relay services. Completed applications should be mailed to the U.S. Small Business Administration, Processing and Disbursement Center, located at 14925 Kingsport Road, Fort Worth, TX 76155.

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