Loans to Help Businesses
What We Do
CBED offers loans to eligible small businesses that support economic development in their communities. We strive to help small businesses to develop viable, sustainable business ventures that serve local needs and are compatible with the vision, character and cultural values of their communities. We especially focus on those involved in expanding their businesses in agricultural and food production & manufacturing and wholesaling.
The CBED loan program can support small businesses with loans usually in the range of $50,000 to $125,000.
Eligibility Requirements
- Must be a registered business in the State of Hawaiʻi
- Loan proceeds must result in an economic development outcome
- Show turn-down from one (1) financial institution
- Must have been in business for at least two years
- Must have the financial ability to re-pay the loan
- Loan focuses on companies involved in expanding their agricultural and food production, manufacturing or wholesaling business
Loans May Be Used for
- Working capital
- Construction or improvement of facilities
- Purchase of equipment
- Payment of production and marketing expenses including materials, labor and services
Term & Interest Rate
Term: Up to 10 years
Interest Rate: 4% – 8%