Ka Wai Ola - Office of Hawaiian Affairs, Volume 13, Number 2, 1 February 1996 — How Can I Get A NHRLF Loan? [ARTICLE]
How Can I Get A NHRLF Loan?
OHA's Native Hawaiian Revolving Loan Fund provides low-interest loanst for start up or expansion of whoIly Hawaiian-owned businesses. The interest rate is set at 2 percent below the 6-fiionth Treasury Bill index. Loans are made up to $75,000 for a period of up to five years. Eligible applicants must be Hawaiian, reside and operate in Hawai'i, have good credit and have been denied financing by two traditional lenders. Loans may be used for equipment and inventory, working capital and/or leasehold improvements for commercial space, but may not be used to acquire land or buildings, construct buildings, personal or business loans, purchase of equity in private ventures or lending to other parties. For more information and an application packet, eall 594-1921.