Forgivable Loan Program

Empowering Hawaiʻi's Entrepreneurs with a Path to Growth and Success

Aloha! The Pop-Up Mākeke Forgivable Loan Program is a unique opportunity for Hawaiʻi’s vibrant entrepreneurs and small businesses. We are dedicated to fostering growth and sustainability for local businesses. This program offers a forgivable loan of up to $40,000 to eligible Pop-Up Mākeke vendors, designed to help you scale your business and achieve new heights.

Who Can Apply?

This program is tailored for current Pop-Up Mākeke (PUM) vendors who are:

• Registered and in good standing with the State of Hawaiʻi.
• Manufacture products wholly or in part in Hawaiʻi.
• Have wholesaled products to Pop-Up Mākeke within the past 12 months.
• Ready to scale their business with a clear plan.
• Special consideration will be given to applicants from Maui.

How Does It Work?

• Loan Amount: Eligible businesses can apply for a loan ranging from a minimum of $10,000 to a maximum of $40,000 to invest in their business operations and growth.
• Forgivable: The loan will be forgiven if there is a 20% increase in both the volume and revenue from sales of your products within the two-year period.
• Supportive Terms: If the growth target is not met, the loan converts to a 3-year term loan at a 7.5% APR.

Benefits of the Program:

1. Financial Boost: Get the capital you need to expand, innovate, or streamline your business.
2. Growth Opportunity: Leverage this chance to significantly increase your sales and customer base.
3. Community Engagement: Join the next CNHA business cohort, connecting with a network of local entrepreneurs.
4. Tailored Guidance: Receive expert advice and support tailored to your business needs.
5. Sustainable Development: Contribute to Hawaiʻi’s economy and your community with sustainable business practices.

Application Process:

1. Check Eligibility: Ensure you meet all the criteria listed above.
2. Prepare Your Business Plan: Outline your strategy for growth and how you’ll use the loan.
3. Gather Documentation: Financial statements, business registration, certificate of insurance, etc.
4. Apply Online: Fill out our simple online application form. Please note, applying to the program does not guarantee acceptance into the program.
5. Join the Cohort:
6. You'll have the option to apply to join the next CNHA business cohort.

Why Apply?

• Local Empowerment: This program is more than a loan; it's an investment in local entrepreneurs.
• Flexible Terms: Forgivable loans offer peace of mind and encourage business growth.
• Community Network: Connect with other business owners and gain valuable insights.

Apply Now and Transform Your Business!

Ready to take your business to the next level? Apply for the Pop-Up Mākeke Forgivable Loan Program today and join a community of thriving entrepreneurs in Hawaiʻi. Applications are open until March 31, 2024