Establishes the Hawaii Micro-Lending Credit Enhancement Program within the Department of Business, Economic Development, and Tourism to expand micro-lending capacity by providing state‑funded loan loss reserves or other credit enhancement that absorbs first losses on qualified micro-loans made by participating lenders to Hawaii small businesses. Allows borrower fees and state matching contributions to capitalize lender-held loan loss reserve accounts. Establishes the Hawaii Micro-Lending Credit Enhancement Special Fund.
Requires annual reports to the Legislature. Appropriates funds out of the Special Fund. (CD1)
- Chamber
- House
- Introduced
- Jan 28, 2026
- Last action
- Jan 28, 2026 — Introduced and Pass First Reading.
- Session
- 2026
- Momentum
- 100 · Very high