Ka Wai Ola - Office of Hawaiian Affairs, Volume 34, Number 1, 1 January 2017 — $500,000 OHA LOAN SUPPORTS HAWAIIAN OWNED BUSINESS [ARTICLE+ILLUSTRATION]

$500,000 OHA LOAN SUPPORTS HAWAIIAN OWNED BUSINESS

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Hawaii Gourmet Cookies owner Miehael Ching recently received a $500,000 Hua Kanu Business Loan from the Office of Hawaiian Affairs, one of the biggest the agency's Native Hawaiian Revolving Loan Fund program has administered to date. Ching has heeome familiar to 0HA's NHRLF staff, taking out Mōlama Loans to improve and expand his handmade eookie business. His cookies and eookie brittles eome in an array of flavors ranging from chocolate brownie to passion fruit. Some flavors ean be purchased in bulk from warehouse stores like Costco and Sam's Club. Hawaiian Airlines passengers ean also enjoy Ching's chocolate-dipped and fruit flavored shortbread cookies, thanks to a Mālama Loan that allowed Ching to purchase a maehine to wrap individual cookies. Another Mālama Loan provided the capital he needed to increase production. Now an established business, Ching has moved up to 0HA's Hua Kanu Business Loan Program, whieh offers highly-qualified buyers 7-year low-cost loans ranging from $200,000 to $1 million. Native Hawaiian small business owners looking to expand ean visit www.oha.org/huakanu to learn more about the terms and conditions. Visit www.oha.org/ loans for information on all 0HA's loan programs. īeehnieal Assistance Provider Rebecca Soon, OHA Native Hawaiian Revolving Loan Program Manager Timmy Wailehua, Miehael Ching owner of Hawaii Gourmet Cookies, OHA Ka Pouhana Kamana'opono Crabbe, First Foundation VP & Commercial Loan Officer Ann Tanouye and OHA Technical Assistance Specialist Robert Crowell. - Photo: Aliee Silbanuz