HI SB2805

Establishes the Hawaii start-up business loan program administered by the business development and support division of the Department of Business, Economic Development, and Tourism in coordination with the Hawaii Technology Development Corporation.

Defines "start-up business" as a Hawaii-registered business in operation for three years or fewer that meets division-established qualifications.

Authorizes direct loans up to $20,000 with a 4% simple annual interest rate and terms not exceeding six years; allows interest payment deferral for up to 24 months from loan issuance.

Creates the Hawaii start-up business loan program revolving fund, funded by legislative appropriations, loan repayments, and interest payments, with unexpended balances not reverting to the general fund.

Requires the department to submit annual reports to the legislature beginning in 2023 detailing program utilization, administrative data, and accounting of repaid loans.