Establishes a Hawaii start-up business loan program to support new businesses with loans up to $50,000.
The bill creates a Hawaii start-up business loan program to provide financial assistance to new businesses. The program allows loans up to $50,000 for start-up businesses that have been in operation for three years or less. The loans have no interest for the first five years, after which market interest rates apply. The program is administered by the Department of Business, Economic Development, and Tourism in coordination with the Hawaii Technology Development Corporation.
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- Core Provisions
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- Critical Issues
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