The Small Business Administration’s (SBA’s) loan program is designed to help small business owners get the financing they need to run their business. While many small business owners likely know about the most common loan, the 7(a) loan, there are other SBA-backed loans available for small businesses.  

Once you have determined how much funding you will require to start your business, decide how you will raise the capital.  Choosing the right source depends on what you intend to use the money for, how much you need, what the alternatives are and matching the source of the funds for the use.  

After the first few months of (we’d expect) frantic activity starting up, it’s useful to take a breath to assess what went right and what you need to tweak going forward. It’s also recommended to secure the initial success of your business by switching from ‘start-up’ to ‘existing business’ mode as fast as you can.

After a great beach day, you return to your car only to find your window smashed and your bag stolen. Not ideal. You then remember that your wallet or purse was in the bag. Even worse. Whoever has taken the bag now has your ID, credit and debit card info. Unfortunate doesn’t even begin to cover it.

At Central Pacific Bank, your financial security is one of our top priorities. With the rise of phishing scams in Hawaii, it's more important than ever to be vigilant and informed about the various scams that could threaten your hard-earned money.