Sunday, December 09, 2018
Hawai'i Free Press

Current Articles | Archives

Thursday, March 30, 2017
OHA issues two more business loans
By News Release @ 6:00 PM :: 1978 Views :: OHA, Small Business

OHA issues first Hua Kanu business loans of 2017

News Release from OHA

HONOLULU (March 28, 2017) – The Office of Hawaiian Affairs (OHA) last week issued two Hua Kanu business loans, totaling $450,000, to Reliant Trucking Inc. and Goldwings Supply Service Inc, making the two Native Hawaiian-owned businesses the first recipients of OHA’s larger loan product for the year.

“Native Hawaiian business owners often face challenges because they have difficulty accessing conventional financing options,” said Kamanaʻopono Crabbe, OHA’s Chief Executive Officer and Ka Pouhana. “OHA’s loan products are intended to help level the playing field for Native Hawaiian entrepreneurs with the overall goal of increasing economic self-sufficiency for our community. We also want to extend a warm mahalo to First Foundation Bank for partnering with OHA to help uplift our Lāhui.”

Hua Kanu loans, which are serviced through First Foundation Bank, are available to highly qualified and established Native Hawaiian business owners. Under the program, applicants are eligible for loans up to $1 million. Hua Kanu interest rates can go as low as four percent with loan terms up to seven years with the possibility of amortizing the loan over 14 years.

OHA has now disbursed eight Hua Kanu loans, totaling approximately $2.236 million, since the program’s inception in 2012.

Bernard Kea started Reliant Trucking Inc. in 2011, and today owns eight vehicles and two trailers, and employs six individuals, nearly all of whom are Native Hawaiian. He said that his $150,000 Hua Kanu loan will help consolidate his high interest loans and provide working capital to assist in expanding his operations to Hilo, where he will be shipping two trucks and hiring two new drivers for a two-year project.

“I’m so grateful to OHA,” Kea said. “The Hua Kanu loan is an awesome product. It puts us in a much greater financial position and gives us the opportunity to grow. How do you pass that up?”

Established in 1976, Goldwings Supply Service Inc. is a second-generation, women-owned small business. The company primarily services the public sector, offering technical solutions in the aviation, roadways, marine and renewables fields. Historically, providing airfield operational support and aircraft parts and equipment, Goldwings expanded to pavement maintenance and solar powered niche solutions over the past 15 years. Goldwings President Lia Young Hunt said their $300,000 Hua Kanu loan will provide the necessary capital to expand their business to pursue more government projects and assist with their growth in the private, domestic and global marketplaces.

“The Hua Kanu loan program is an incredible financial product, granting crucial working capital to flourishing Native Hawaiian companies,” said Hunt. “We are thrilled to have been selected and look forward to growing our business and representing the Native Hawaiian community on a global scale”

Hua Kanu loans are one of the products offered through the Native Hawaiian Revolving Loan Fund (NHRLF), which was originally funded through the federal Administration of Native Americans and administered by OHA. NHRLF’s other loan product is the Mālama Loan, which provides loans up to $100,000 to Native Hawaiian beneficiaries to improve a home; start or expand a business; or pay for educational expenses.

To learn more about OHA’s loan products, visit www.oha.org/loans or call (808) 594-1924.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

808 State Update AM940

ABCDEFG Blog

ACA Signups Hawaii

ACCE

Affordable Hawaii Coalition

ALEC

Alliance Defending Freedom

Aloha Conservative Alliance

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii

AMVETS-Hawaii

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

Conservative Forum for Hawaii

CSIS Pacific Forum

DAR Hawaii

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Habele.org

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Families for Educational Choice

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Senate Informer

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation

HI Coalition Against Legalized Gambling

HIEC.Coop

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube

HPACC

Hump Day Report

Hunting, Farming and Fishing Assoc.

I Vote Hawaii

If Hawaii News

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

Judgepedia Hawaii

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

OHA Lies

Ohana Policy Group

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Salvage The Rail

Save the Plastic Bag

School Choice in Hawaii

SenatorFong.com

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Copenull

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

TEA Party Maui

TFB Micronesia

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT