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SB 3165

Hawaii - Session 2026

Senate in_committee 2026-02-02
Business / Commerce Tax / Budget / Appropriations
Bill Details

Title: DBEDT; Micro-Lending; Credit Enhancement; Loan Loss Reserve; Small Businesses; Special Fund; Reports; Appropriation

Summary

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 reports to the Legislature. Appropriates funds.

Sponsor
Jarrett Keohokalole
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2026-02-02 Status in_committee
2026-02-02 Latest Action Referred to EDT, WAM/CPN.
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