New program to increase credit access for small businesses
The Maui News A new program launched by the state on Tuesday aims to increase access to credit for small businesses and nonprofits statewide. The Hawaii Small Business Capital Program Collateral Support Program, known as HI-CAP, is designed to assist eligible small businesses and nonprofits in obtaining financing by providing cash collateral to participating lenders, according to the state Department of Business, Economic Development and Tourism. A total of $6.5 million is currently available from funds received by the Hawaii Technology Development Corporation from the U.S. ...