Small business owners in Honolulu, Maul, and Kalawao counties of the United States are eligible to apply for low-interest disaster loans of up to US$2 million for working capital needs. The deadline for submitting applications is January 6. These loans are being given to offset losses inflicted by the drought conditions in the above three counties. The interest rates are 2.94% for businesses and 1.875% for private non-profit organizations, and the maximum term of the loan is 30 years. The loan amount can be used to pay fixed debts, accounts payable, payroll, and other bills that small business owners cannot pay due to the disaster’s impact.
