The Hua Kanu Business Loan Program is available to Native Hawaiians who own established business. Created on July 17, 2013, the low-cost loans are intended to help these small-businesses expand. It is meant to provide them access to credit and capital that allow them to grow as well as remain financially viable.
Some uses of the loan:
- Purchase equipment or inventory
- Working capital
$200,000 – $1,000,000
Rates & Terms
- Applications will be processed on a first come, first served basis.
- OHA refers potential loan applicants to a technical assistance provider that guides applicants in completing the loan application packet.
- There are certain activities for which loan monies cannot be used.
- Note: The OHA Hua Kanu Business Loan is NOT the OHA Mālama Loan.
- Seven-year loan term; interest rate is 4.00% APR.
- All Principals must be U.S. Citizens
- All Principals must be Hawaii Residents
- Principals must be Native Hawaiian: verified by current OHA Hawaiian Registry card
- Type of Business Entity and Proof of Eligibility (more details available here).
- Certain documentation is required to be submitted at time of application.
- Some types of businesses are ineligible. For more detail, download this information sheet.
Unallowable Loan Activities
- Investing in high-interest accounts
- Certificates of deposit (CODs) or other investments
- Relending of the loan amount by the borrower
- Purchasing land or buildings
- Constructing buildings
- Purchasing or financing equity in private businesses