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The Office of Hawaiian Affairs has announced that it is offering low-cost loans of up to $1 million to help Native Hawaiian-owned small businesses expand.
Under OHA’s Hua Kanu business loan program, highly-qualified applicants would be eligible for between $200,000 and $1 million that they would be required to repay over a seven-year period.
The interest rate on this business loan is 6.25 percent (find other rates here).
“We are hopeful that this program will help ensure that Native Hawaiian entrepreneurs have an opportunity to thrive at a time when small businesses remain the economic backbone of our state,” said OHA Chief Executive Officer (Ka Pouhana) Kamana’opono M. Crabbe.
For more information, visit: www.oha.org/huakanu
http://www.oha.org/huakanu
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