DBEDT details new microlending credit enhancement and CBED loan activity
DBEDT said Act 183 establishes a state microlending credit enhancement program with a $1.5 million appropriation and described CBED's revolving loan fund (loans $50,000–$125,000; 19 active loans). The agency said it will partner with private lenders to deploy the program.
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Jason Ushijimi, branch chief for the Community‑Based Economic Development program, told the committee CBED provides low‑interest expansion loans for manufacturers, agricultural processors and wholesalers. "So with this, the, CBED is able to give... low interest loans to small businesses in Hawaii," he said, and gave ranges for loan sizes and counts: loans typically run between $50,000 and $125,000, with 19 active loans and four more in the pipeline.
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