What is HI-CAP Loans?

The HI-CAP Loans Program is designed to provide financing for businesses and organizations spearheading transformative projects which accelerate the State’s economic development goals and provide significant impacts to small businesses within our communities.

How much HI-CAP Loans funds are currently available?


Who is eligible?

Business and organizations spearheading transformative projects in Hawaii.

How can I apply?

Complete a HI-CAP Loans Application and submit it along with all supporting documents required on the checklist.

Submit via a secure email to [email protected]. If you are not able to send a secure email, email [email protected] to set up a Dropbox.

How does the program work?

1. Interested businesses and organizations complete and submit a HI-CAP Loans Program Application, Resume(s) and Personal Financial Statement forms to request financing for a catalytic project. The maximum the HI-CAP Loans program can fund is 50% of total project costs. Said loan must be leveraged with a minimum of 50% in non-federal funds.

2. HGIA will underwrite the request in conjunction with other proposed parties in the capital stack providing additional debt and/or equity funds.

3. If approved, HGIA shall reserve funding to support the Loan for up to 90 days.

4. Upon Loan closing, HGIA will fund its loan in accordance with the terms negotiated with other capital providers as well as in alignment with the project’s progress payment requirements or contract (as may be applicable).