Loans

2 Articles tagged "loans"

OHA issues first Hua Kanu business loans of 2017

HONOLULU (March 28, 2017) – The Office of Hawaiian Affairs (OHA) last week issued two Hua Kanu business loans, totaling $450,000, to Reliant Trucking Inc. and Goldwings Supply Service Inc, making the two Native Hawaiian-owned businesses the first recipients of OHA’s larger loan product for the year. “Native Hawaiian business owners often face challenges because they have difficulty accessing conventional financing options,” said Kamanaʻopono Crabbe, OHA’s Chief Executive Officer and Ka Pouhana. “OHA’s loan products are intended to help level the playing field for Native Hawaiian entrepreneurs with the overall goal of increasing economic self-sufficiency for our community. We also…

OHA issues $500,000 loan to support Native Hawaiian owned business

HONOLULU (Dec. 29, 2016) - Before 2016 comes to a close, the OHA Native Hawaiian Revolving Loan Fund Program finalized a Hua Kanu business loan that provides $500,000 to Native Hawaiian business owner Michael Ching to expand his business, Hawaii Gourmet Cookies. This is the largest business loan that OHA has disbursed this year to support Native Hawaiian entrepreneurs. A signing ceremony was held at First Foundation, OHA's financial lending partner, at it's offices in Restaurant Row in Kakaʻako. Ching says he will use the loan to improve business efficiency and update machinery used to bake his popular products lines such as…