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Hawaii County Coronavirus Relief Fund

Grant

/

Local

Hawaii

Grant/Loan Information

The County of Hawaii has received $80M in CARES Act funding. $3,992,000 of this funding has been allocated to purchase local farm produce to distribute food to restaurants for meal preparation and deliver meals to vulnerable populations. The county will release an RFP for financial institutions, nonprofit, and for-profit organizations to apply with the capacity to receive $250,000 to over $2 million in awards. Once the money has been awarded, small businesses and nonprofits which have lost income due to COVID-19 can apply for assistance through the awarded organizations. Funds must be distributed to the community by December 20, 2020. Individuals and individual businesses cannot apply if seeking to address only their needs. The RFP will become available starting July 12. A webinar on July 13 from 9-10:30 am will provide an overview of the program. Click here to sign up for the webinar.

Deadline

7/21/2020

County of Maui OED Grants

Grant

/

Local

Maui

Grant/Loan Information

The County of Maui OED offers reimbursable grants for programs, project, and events that promote sustainable economic development within Maui County. Projects must directly benefit Maui’s economy. Priority target areas are culture, environment, agriculture, technology, visitor industry, energy, and the arts. 

Deadline

9/30/2020

Economic Injury Disaster Loan (EIDL) and EIDL Emergency Advance

Loan

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Federal

Nationwide

Grant/Loan Information

Economic Injury Disaster Loan (EIDL) and EIDL Emergency Advance provides working capital loans of up to $2M for small businesses to overcome temporary loss of revenue due to COVID-19. As of April 13, EIDL now includes farm and ranch businesses with fewer than 500 employees, aquaculture, nurseries, and agricultural cooperatives. Businesses can also apply for a loan advance of up to $10,000, which will become available within 3 days of successful application and will not have to be repaid. If agricultural businesses applied to EIDL before EIDL was opened to agricultural businesses, applications will be processed without businesses having to reapply.

Deadline

12/16/2020

Federal Reserve Main Street Lending Program

Loan

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Federal

Nationwide

Grant/Loan Information

The Federal Reserve Main Street Lending Program is offered by the Federal Reserve to help banks give money more freely by purchasing a large portion of loans from banks. This program helps businesses maintain payroll and retain workers through the pandemic. This program is available to any business that has less than 15,000 employees and/or annual revenues under $5 billion.

Deadline

TBD

HCRC Emergency Loan Program (HELP)

Loan

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Local

Statewide

Grant/Loan Information

HCRC Emergency Loan Program (HELP) provides short-term bridge loans and term loans between $15,000-$100,000 to non-profits and mission aligned small businesses that are otherwise unable to secure financing but have an immediate need for capital. Funds can be used for payroll, rent, mortgage interest, utilities and other operating expenses to allow the organizations to stay open.

Deadline

TBD

The Red Backpack Fund

Grant

/

Private

Nationwide

Grant/Loan Information

The Red Backpack Fund is making 1,000 grants of $5,000 to female entrepreneurs to help alleviate the immediate needs and support the long-term recovery of those impacted by COVID-19. All receipients will also receive a free annual All-Access Pass to all 80+ MasterClass instructors, including Sara Blakely’s class on entrepreneurship, to provide mentorship during this time.

Deadline

Future rounds open on 7/6 and 8/3

Honolulu Small Business Relief and Recovery Fund

Grant

/

Local

Oahu

Grant/Loan Information

The City and County of Honolulu will make grants to small businesses of up to $10,000 for purposes of paying rent, overhead and utilities, as well as costs for necessary COVID-19 modifications. Businesses must operate in the C&C of Honolulu, maintain a commercial address, employe 30 or fewer employees, and have annual revenues less than $1M.

Deadline

TBD

Stimulus 2020 $1,000 Loans

Grant

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Private

Nationwide

Grant/Loan Information

Stimulus 2020 offers businesses $1,000 to use for any purpose. The money can be repaid in $100 increments per week or 10% of weekly sales if total sales is less than $1000. There are no fees associated with this loan.

Deadline

Unclear

GoFundMe Small Business Relief Fund

Grant

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Private

Nationwide

Grant/Loan Information

GoFundMe will give $500 to businesses that raise at least $500 on their platform. Crowdfunding is a type of fundraising where organizations can ask the public for support. It begins with businesses sharing their stories and asking their audience to donate or invest in their business.

Deadline

Until funds are depleted

Hua Kanu Business Loan

Loan

/

State

Statewide

Grant/Loan Information

The Hua Kanu Business Loan Program provides $200,000-$1,000,000 loans to Native Hawaiian-owned businesses. The loan has a 7-year term at 4% APR. The loan may be used for working capital or to purchase equipment or inventory.

Deadline

none

Reimagine Workforce Preparation Grants Program

Grant

/

Federal

Nationwide

Grant/Loan Information

Grant funds may be used to:

•Develop and implement short-term education and training programs and/or career pathways programs.

•Cultivate entrepreneurship by supporting the development of small business incubators located on the campuses of, or developed in association with, colleges and universities. These incubators provide, among other things, short-term educational and training programs or continuing education courses to help entrepreneurs establish and grow their businesses.

Deadline

7/13/2020

Kahiau Rural Business Development Microloan Program

Loan

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Private

Hawaii

Grant/Loan Information

Kahiau Rural Business Development Microloan Program offers technical assistance and $2,000-$15,000 2% interest loans for businesses to help them develop and build a network. Businesses must have a Native Hawaiian or kama`āina owner/operator and be located on Hawaii Island or Molokai.

Deadline

Until funds are depleted

SBA Express Bridge Loans

Loan

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Federal

Nationwide

Grant/Loan Information

SBA Express Bridge Loans are for small businesses who already have a relationship with an SBA Express Lender to meet urgent cash needs while waiting for EIDL disbursement. Businesses can access up to $25,000 with less paperwork and a loan term of up to 7 years.

Deadline

TBD

Other SBA Loans

Loan

/

Federal

Nationwide

Grant/Loan Information

SBA offers numerous other loans, including their: 

•7(a) Program for working capital, expansion/renovation, new construction, etc. 

•Express Loan Program 

•Community Advantage Loan Pilot Program for small businesses in underserved markets and mission-based lenders 

•504 Loan Program for economic development and job creation/retention 

•Microloans for working capital, supplies, machinery and equipment, fixtures

Deadline

TBD

Feed the Hunger Fund

Loan

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Private

Statewide

Grant/Loan Information

Feed the Hunger Fund provides 6.5%-8.5% $5,000-$250,000 loans for anyone involved in the food industry, particularly marginalized communities with sustainable businesses.

Deadline

Year Round

Opportunity Fund

Loan

/

Private

Nationwide

Grant/Loan Information

The Opportunity Fund is a US-based nonprofit organization that provides financing and microloans from $2,600 to $250,000 to underserved small-business owners.

Deadline

Year Round

B&I Loan Guarantee Program

Loan

/

Federal

Nationwide

Grant/Loan Information

B&I loan guarantees aim to help businesses and employment in rural areas by strengthening the private credit market through federal guarantees on business loans, helping businesses receive loans that they might not be able to qualify for through the USDA FSA or otherwise. Projects that receive loan guarantees must provide employment and improve the economic or environmental climate.

Deadline

9/15/2021 or until funds are depleted

Immigrants Rising Grants

Grant

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Private

Nationwide

Grant/Loan Information

Immigrants Rising’s Entrepreneurship Fund provides up to $2,000 grants to undocumented entrepreneurs working to create positive social change. Grantees will be offered support and guidance from professional advisors, join a national network of undocumented freelancers and entrepreneurs, and get social media exposure for their projects. Projects must create positive social change and must be designed and led by undocumented young people.

Deadline

Rolling Basis

Rural Business Development Grant

Grant

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Federal

Nationwide

Grant/Loan Information

The Rural Business Development Grant provides technical assistance and training for small rural businesses with fewer than 50 new workers and less than $1M in gross revenue. There is no maximum grant amount. There are two types of grants: enterprise grants and opportunity grants. To see examples of both enterprise and opportunity grants, click here.

Deadline

Unclear

America’s Healthy Food Financing Initiative Targeted Small Grants Program

Grant

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Federal

Nationwide

Grant/Loan Information

This fund provides $20,000-$200,000 grants to innovative food retail and food system enterprises that seek to improve access to fresh, healthy food in underserved areas. Technical assistance is also available to selected eligible organizations in the early stages of food retail or enterprise project planning. Applicants not selected for the grant program may be selected to apply for or receive technical assistance.

Deadline

Letter of Interest is due on July 10, 2020

Socially Disadvantaged Groups Grant

Grant

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Federal

Nationwide

Grant/Loan Information

The Socially Disadvantaged Groups Grant aims to help disadvantaged groups develop the capacity to implement plans and undertake projects to improve economic and social conditions. Grants must be used to provide technical assistance to socially-disadvantaged groups in rural areas.  Examples of technical assistance are:

  • Feasibility studies

  • Business plans

  • Strategic planning

  • Leadership training

Note that the cooperative or center can be located in any area, but the groups assisted must be located in an eligible rural area.

Deadline

8/10/2020

Export Assistance Loan Programs

Loan

/

Federal

Nationwide

Grant/Loan Information

The SBA offers export assistance for small businesses that export overseas either directly or indirectly by selling to an intermediary. Assistance programs include: 

•Export express loan program

•Export working capital program 

•International trade loan program

Deadline

Year Round

Hawaii Department of Business, Economic Development and Tourism Loans

Loan

/

State

Statewide

Grant/Loan Information

Small businesses can receive loans up to $25,000 from both the HDOA and the HDBEDT. Loans may be used for: 

•Start-up costs, working capital 

•Construction or improvement of facilities 

•Purchase of equipment 

•Payment of production and marketing expenses including materials, labor and services

Deadline

TBD

Hawaii Community Foundation Resilience Fuund

Grant

/

Private

Statewide

Grant/Loan Information

Hawaii Community Foundation is offering grants for projects that address one or more phases of their four-phased approach to community resilience. The four phases are: (1) Risk reduction (2) Rapid relief and response (3) Recovery and stabilization (4) Rebuilding resilience

Deadline

TBD

Emergent Fund

Grant

/

Private

Nationwide

Grant/Loan Information

The Emergent Fund supports strategies that help communities respond to rapidly changing conditions. They look to fund projects that support community development through long-term economic or social justice.

Deadline

Year Round

ReFED COVID-19 Waste Solutions Fund

Grant

/

Private

Nationwide

Grant/Loan Information

The ReFED COVID-19 Food Waste Solutions Fund provides $50,000 grants to quickly deliver vital funding to organizations that can rapidly scale food waste reduction and hunger relief efforts.

Deadline

Rolling Basis

Agriculture and Food Research Initiative- Education and Workforce Development

Grant

/

Federal

Nationwide

Grant/Loan Information

The Agriculture and Food Research Initiative- Education and Workforce Development (EWD) focuses on developing the next generation of research, education, and extension professionals in the food and agricultural sciences.

Deadline

9/24/2020

Hello Alice Business for All Grants

Grant

/

Private

Nationwide

Grant/Loan Information

A total of $250,000 in grants will be awarded to eighteen entrepreneurs. Awards will be granted based on demonstrated need and proposed use of funds. For-profit businesses may apply. Preference is given to companies that have launched and need support to scale. If applicants make it to the semi-finalist round, they will have to create a pitch video.

Deadline

July 16, 2020

Mãlama Business Loans

Loan

/

State

Statewide

Grant/Loan Information

The Office of Hawaiian Affairs offers $2,500-$100,000 loans with a 4% APR and up to a 7-year term. Loans can be used for working capital or to establish or build upon a small business. Applicants must be of Native Hawaiian ancestry, State of Hawaii residents, have a credit score of 600 or greater, and be US citizens. Businesses must have an income-to-debt ratio of 45% or less, and must be registered and in good standing with DCCA.

Deadline

none

Emergency Resilience Loan Program

Loan

/

Local

Hawaii

Grant/Loan Information

Financial counseling and loans up to $2,500 for individual workers and $5,000 for self-employed persons will be provided to asset limited, income constrained, employed residents who reside on Hawaii Island and have lost income due to COVID-19.

Deadline

TBD

808.729.1676

PO Box 700489 | Kapolei, HI 96709

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