The impact of COVID-19 has changed how most small businesses do business, including MEDB. To address the challenges and to provide relevant information and practical guidance to as many businesses as possible, the COVID-19 Business Assistance Series webcasts can be viewed live or via the recording on any device. There is no charge to view. Guest speakers are featured to share their expertise and participants are able to post questions and answer polls. The series will help Maui County small business navigate the resources available to them, with clear step-by-step instructions. More topics will be explored to adapt to the changing landscape as we pull together to meet the challenges facing all of us.
Jan 14 – Paycheck Protection Program, The 3-peat
Hear about the third round of Paycheck Protection Program (PPP) funding with a review of the application rules for new and existing borrowers. First Draw and Second Draw PPP loans are available. Includes updates to the Economic Injury Disaster Loan (EIDL) program.
You can now register to listen to the replay.
Sept 30 – Maui County Adaptability Fund – How to Apply
Learn about the Adaptability Fund, a $5 million grant program funded by the CARES Act, which was proposed by the Maui County Mayor’s Economic Recovery Task Force, approved by Mayor Mike Victorino and will be administered by the Maui Economic Development Board.
The Adaptability fund is now closed.
June 25 – Guide to PPP Forgiveness Application
If you received a SBA Paycheck Protection Program (PPP) Loan and are wondering how to apply for forgiveness, then listen to this webinar.
The PPP is an evolving landscape. The SBA has just released additional PPP guidance AND the PPP Loan Forgiveness Application Form 3508EZ. Learn more about these developments, and walk through filling the form out with examples of calculations that YOU are going to have to complete.
May 14 – Agriculture and COVID-19 Loan Relief Programs
As a result of COVID-19, a number of loan programs recently became available to Agricultural businesses, including Federal Programs like the SBA Economic Injury Disaster Loan (EIDL), the SBA Paycheck Protection Program (PPP), and the USDA Coronavirus Food Assistance Program. State Programs like the Hawaii Board of Agriculture Emergency Loan Program are also now available.
April 22, 2020 – SBA PPP Loan Forgiveness
Gerry Smith, Maui Economic Development Board (MEDB), Wayne Wong, Small Business Development Center (SBDC) and Robert Kawahara (Kawahara + Hu LLP) discuss how to successfully administer your PPP Loan to maximize your chances that it will be entirely forgiven.
- What costs are you allowed to pay?
- What should you do to maximize the opportunity for forgiveness of this loan?
- How can you prepare now to ask forgiveness 2 months from now?
- plus get a tool for tracking your loan expenses.
April 6, 2020 – Guide to SBA Paycheck Protection Program
Gerry Smith, Director of Business Development, MEDB and Wayne Wong, Director of the Hawaii Small Business Development Center (SBDC), was joined by Kyle Sakamoto, Senior VP of Central Pacific Bank and MEDB Board Member, to guide you through the Paycheck Protection Program. Learn:
- Whether you are eligible
- What the funds can be used for
- What forms are required
- How the loan forgiveness works
- What to do once you have applied — what to expect, supporting documentation and how to prepare for compliance.
March 30, 2020 – Guide to SBA Economic Injury Disaster Loan Assistance Program.
Gerry Smith, Director of Business Development for Maui Economic Development Board (MEDB), and Wayne Wong, Director of the Hawaii Small Business Development Center (SBDC), guide you through the steps and the form to apply for a loan to help your business through these challenging times.
As a small business owner for the past 19 years, I’ve been viewing a lot of webinars on EIDL & PPP programs. I have found that the series of webinars that you folks have been doing has been the easiest to understand. I appreciate the amount of time that was taken to put together the information, getting a panel of experts and make it available to not just the business owners in Maui county but all business owners. I currently reside in Honolulu and have been doing work on Molokai for over 15 years and it was through the Kuha’o Business Center email blast that I was informed about these webinars. The webinar that was presented on Wednesday April 22nd “SBA Paycheck Protection Loan Program (PPP) Forgiveness” was more than what I was expecting. The one thing that I was thrilled to see was the example of the Zero Loan and how you did a excel spreadsheet to demonstrate what you would do if you needed to keep track of this money. THIS IS WHAT I WAS LOOKING FOR. I’ve been approved for the PPP program and my banker is hoping to have the loan ready by the end of the month and this will be so helpful for me. Thank you again for thinking about all these things that we need to pay attention too. AWESOME JOB!!!!