Establishes a Hawaii start-up business loan program to support new businesses.
The bill establishes a Hawaii start-up business loan program to support new businesses. It creates a special fund for the program and appropriates funds for its implementation. The program, administered by the Department of Business, Economic Development, and Tourism, provides loans to businesses registered in Hawaii that have been in operation for three years or less. The loans can be used for working capital, facility improvements, and equipment.
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