SB 3165: DBEDT; MICRO-LENDING; CREDIT ENHANCEMENT; LOAN LOSS RESERVE; SMALL BUSINESSES; SPECIAL FUND; REPORTS; APPROPRIATION
- Session Year: 2025-2026
- House: Senate
Current Status:
In Progress
(2026-02-02: Referred to EDT, WAM/CPN.)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Version:
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.