OHA revamps loan program
Advertiser
reports:Changes to a low-interest business loan program should make it easier for Native Hawaiian businesses — and possibly individuals seeking assistance for home improvement and educational pursuits — to tap into a $26.8 million fund.
The Office of Hawaiian Affairs last week announced it is restructuring the Native Hawaiian Revolving Loan Fund and will stop accepting applications until new rules are set in place. The program's changes are expected to be finalized early next year.
Mark
Glick, OHA's economic development director, says, "We've leveraged our
reputation and our resources and are about to form a partnership with a major
lending institution so that (the program) will be in branch banks throughout the
state."No doubt this will be an
improvement on the program, but I think OHA and other Hawaiian institutions
should start
their own bank to truly leverage their resources.
Posted: Mon - September 18, 2006 at 12:45 PM