Hurricane Lala Hammers Hawaii: Nonprofits Get Disaster Loan Lifeline
Published Date: 10/14/2026
Notice
Summary
Hurricane Lala hit Hawaii hard in August 2026, and the President declared a major disaster to help local nonprofits in Honolulu, Hawaii, and Maui get financial aid. These groups can now apply for low-interest disaster loans to fix damage or cover economic losses, with deadlines in December 2026 and July 2027. This means faster support and money to rebuild and recover!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Low‑Interest Physical Damage Loans
If you run a private non‑profit organization that provides essential governmental services in the City and County of Honolulu, Hawaii, or Maui, you can apply for SBA physical disaster loans to repair damage caused by Hurricane Lala. The physical loan application deadline is December 7, 2026, and the interest rate for these private non‑profit loans is listed as 3.625%. You can apply online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations.
Economic Injury (EIDL) Loans Available
Private non‑profit organizations in the City and County of Honolulu, Hawaii, and Maui may apply for Economic Injury Disaster Loans (EIDL) for losses from Hurricane Lala. The EIDL application deadline is July 7, 2027, and the interest rate for eligible private non‑profit economic injury loans is listed as 3.625%. Apply online via the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations.
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