Micro Enterprise Loan Program Application

In order to help micro-businesses on Maui, Moloka'i and Lanai through COVID-19, the County of Maui has partnered with the Maui Chamber of Commerce to create the Micro Business Loan Program. The purpose is to provide an urgent lifeline to businesses during this crisis and in the resulting recession.

Loans are applicable to micro businesses within Maui County with 10 or fewer employees (including owner[s] and leased employees). This is a 0% interest loan with payments deferred 1 year from the date of loan execution and borrowers will have a 5-7 year repayment period (with no prepayment penalties), depending on the amount of the loan. Loan amounts range from $7,500-$25,000.

Loans are to be used for emergency and working capital, including but not limited to: retaining staff, making lease or mortgage payments, paying for required insurance, purchasing supplies or equipment, increasing inventory, technology advancements, professional services (such as accounting, marketing, legal) and other essential needs (approved during the loan review and determination) to help keep the business alive.

Once the application is fully completed and received, it will go before the Loan Committee for approval. You will receive notice within 24 business hous of the Loan Committee's review of the determination made and next steps.

A background check and credit history may be required in the loan underwriting process. Any unsucessful applicants will be referred to various business development and other assistance programs who may be able to help.
Sponsored by the County of Maui and

in partnership with the Maui Chamber of Commerce
Applicant Certification

Applicants must check the following conditions to certify their loan applicability. You must certify all conditions to move forward. If you cannot meet these conditions, please call the Maui Chamber of Commerce at (808) 244-0081.
Applicant must certify the following conditions:*

Business Information
Business Legal Name*
Trade Name*
EIN/SSN for Sole Proprietorship*
Hawaii Tax I.D. Number *
Organization Type*
If you selected other, what is your organization type?
Is the Applicant a Franchise?*

YesNo
Is your business primarily an online business?*

YesNo
If yes, what products or services do you sell online?
Are you a home-based business?*

YesNo
Gross Revenue/Sales for the Twelve (12) Months Prior to the Date of the Disaster (January 31, 2020):*
Profit/Losses for the Twelve (12) Months Prior to the Date of the Disaster (January 31, 2020):*
Do you have paid employees?*

YesNo
Number of Employees as of January 31, 2020 (number must be fewer than 10 including owners, regular employees and any leased employees).*
Current Full Time Employees*
Current Part Time Employees*
Future Full Time Employees*
Form A - Employee Wages - Please complete the following information about your current employees (include owners and any leased employees).*
Primary Business Address (Cannot be P.O. Box)*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Business Phone Number*

Area CodePhone Number
Alternative Business Phone Number

Area CodePhone Number
Business Fax

Area CodePhone Number
Business Email*
example@example.com
Date Business Estalished*

MonthDayYear
mm-dd-yyyy
Current Ownership Since*

MonthDayYear
mm-dd-yyyy
Business Activity*
Describe Detailed Business Activity*

Requested Loan Amount (between $7,500-$25,000)*
Please explain the loan need, current hardships and economic disadvantages faced.*
Please explain how funds will be used to help your business survive the COVID-19 crisis and sustain your business going forward.*
Please explain how you expect to repay the loan.*
EXPLANATION OF CREDIT - Please explain any late payments beyond 30 days, bankruptcies or judgments against you prior to COVID-19.*
Are you willing and interested in participating in:*

Business Education & TrainingDirect Business Development AssistanceMentoring ProgramsProviding a testimonial about how this loan has helped and lessons you have learned

Individual Owner/Agent(s)
Owner/Agent 1*

First NameLast Name
Mobile Phone Number*

Area CodePhone Number
Title*
Ownership Percent*
Email*
example@example.com
SSN*
Birth Date*

MonthDayYear
mm-dd-yyyy
Place of Birth*
Are you a U.S. Citizen?*

YesNo
Residential Street Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Owner/Agent 2
Owner/Agent 2

First NameLast Name
Mobile Phone Number

Area CodePhone Number
Title
Ownership Percent
Email
example@example.com
SSN
Birth Date

MonthDayYear
Date
Place of Birth
Are you a U.S. Citizen?

YesNo
Residential Street Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Owner/Agent 3
Owner/Agent 3

First NameLast Name
Mobile Phone Number

Area CodePhone Number
Title
Ownership Percent
Email
example@example.com
SSN
Birth Date

MonthDayYear
Date
Place of Birth
Are you a U.S. Citizen?

YesNo
Residential Street Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

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Monthly Sales Figures
Form B - Monthly Sales Figures - Provide monthly sales figures beginning 2 years prior to the disaster and continuing through the most recent month available. Please Note: The total figures for each year should reconcile to the sales figures on your tax returns for the corresponding fiscal years. *
Please submit any additional narrative or financial information you feel will help you establish your economic loss and explain changes from the prior 2 years to the current year, as it relates to Form B above.*
Form C - Income and Expenses - Please provide a financial forecast to illustrate what the income and expenses the business expects to do during COVID-19 and until normal operations resume. *
Period covered by this forecast:*
example: from______(month) to______(month)
Please submit any additional narrative or financial information you feel will help establish your economic loss during the period of the forecast in Form C.*

Additional Required Documents & Information
1. Please upload a current Certificate of Compliance (dated within 3 months) OR a Certificate of Good Standing and copy of your G-49. The Certificate of Compliance can be found at Hawaii Compliance Express - https://portal.ehawaii.gov/home/online-services/hawaii-compliance-express/*

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2. Please upload a copy of your 2018 or 2019 (if filed) corporate or personal Federal Income Tax Return. 2019 tax returns are preferred. *

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3. Please upload a proof of your current business General Liability insurance (may be a copy of your COI or overview page of your policy, noting your insurance limits). *

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4. Please upload your company Balance Sheet dated after April 30th, 2020.*

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5. In the past year, has the business or a listed owner been convicted of a criminal offense committed during and in connection with a riot or civil disorder or other declared disaster, or ever been engaged in the production or distribution of any product or service that has been determined to be obscene by a court of competent jurisdiction?*

YesNo
6. Are you presently subject to an indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any jurisdiction?*

YesNo
7. For any criminal offense - other than a minor vehicle violation - have you ever been convicted, plead guilty, plead nolo contendere, been placed on pretrial diversion, or been placed on any form of parole or probation (including probation before judgement)?*

YesNo
8. Have you been arrested in the past six months for any criminal offense?*

YesNo

Application Checklist
Application Checklist - Please make sure all items are checked off and completed in the application below. All required documents must be completed to move forward to the Loan Committee. If the application is not complete, it will be held until fully completed. *

Business Information

Individual Owner/Agent(s)

Monthly Sales Figures

Additional Required Documents & Information

Application Checklist