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Hawaii Capital Program (HI-CAP)
General · Hawaii Technology Development Corporation (HTDC), attached to DBEDT · HI
HI-CAP is a Hawaii state program run by the Hawaii Technology Development Corporation that helps small businesses access financing through participating lenders using federal SSBCI funds, rather than providing direct cash grants; it's aimed at Hawaii small businesses that may not qualify for conventional bank loans.
The Hawaii Capital Program (HI-CAP) is a state-run financing initiative administered by the Hawaii Technology Development Corporation (HTDC), an agency attached to the Department of Business, Economic Development and Tourism (DBEDT). HI-CAP is funded through the federal State Small Business Credit Initiative (SSBCI), a program designed to help states expand access to capital for small businesses.
Importantly, HI-CAP is not a cash grant program. Instead, it works through participating lenders to provide loan participation and collateral support, which can help a small business secure financing it might not otherwise qualify for through conventional bank underwriting alone. In practice, this means HTDC works alongside a bank or lender to share risk or provide additional collateral backing, making it easier for a lender to approve a loan to a Hawaii small business.
This matters to small-business owners because access to capital is often one of the biggest barriers to growth, especially for businesses that don't fit neatly into a traditional bank's risk profile. By reducing lender risk, HI-CAP can open doors to financing that would otherwise be unavailable.
The program targets Hawaii-based small businesses seeking capital that may not qualify for conventional bank financing on their own. Because this is a lender-participation model rather than a grant with a fixed application deadline, the specific terms, available funding amounts, and current lender partners can change over time.
Business owners should confirm current program rounds, funding availability, and eligibility requirements directly at the official HTDC HI-CAP webpage before applying, since exact figures and terms are subject to change and were not detailed in the source summary.
Who qualifies
How to apply
1. Visit the official HTDC HI-CAP page to review current program details and participating lenders.
2. Identify a participating lender, since HI-CAP works through loan participation and collateral support rather than direct applications to the state.
3. Discuss your financing needs and eligibility with that lender.
4. Confirm current rounds and requirements at https://www.htdc.org/funding/hi-cap/.
Questions people ask
Is HI-CAP a grant or a loan?
It is not a cash grant — it's a loan participation and collateral support program that helps small businesses get financing through participating lenders.
Do I have to repay HI-CAP funding?
Since it supports loans made by lenders rather than providing direct cash, any financing obtained through this program would generally need to be repaid to the lender under the loan's terms. Confirm at the source.
Who runs HI-CAP?
The Hawaii Technology Development Corporation (HTDC), part of the Department of Business, Economic Development and Tourism (DBEDT), administers the program.
Where does the funding come from?
HI-CAP is funded through the federal State Small Business Credit Initiative (SSBCI).
Am I eligible?
Hawaii small businesses seeking capital that may not qualify for conventional bank financing may be eligible. Confirm eligibility at the official source.
How much funding can I get?
The exact amount is not specified; this program supports loans through lender participation and collateral backing rather than a fixed grant amount. Confirm at the source.
Is there a deadline to apply?
There is no fixed deadline listed — check current rounds at the official site.
Where do I apply?
Apply through a participating lender after reviewing details at https://www.htdc.org/funding/hi-cap/.
Is this only for Hawaii businesses?
Yes, this program is limited to businesses in Hawaii (HI).
Is the funding taxable?
This is not addressed in the available information. Confirm at the source.
What industries qualify?
The eligibility description does not specify particular industries; it applies broadly to Hawaii small businesses. Confirm at the source.
Can I apply directly to HTDC?
HI-CAP works through participating lenders rather than direct applications to HTDC, based on the program description.
Opportunity number: not published. Source: curated + verified (official state source, 2026). GetFundedUSA is independent and not affiliated with Hawaii Technology Development Corporation (HTDC), attached to DBEDT; always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.