• Po‘ipu Bay Golf Course to undergo renovation • Bank of Hawaii first to participate Po‘ipu Bay Golf Course to undergo renovation Kaua‘i’s renowned Po‘ipu Bay Golf Course, located on the island’s sunny South Shore, will undergo a greens renovation
• Po‘ipu Bay Golf Course to undergo renovation
• Bank of Hawaii first to participate
Po‘ipu Bay Golf Course to undergo renovation
Kaua‘i’s renowned Po‘ipu Bay Golf Course, located on the island’s sunny South Shore, will undergo a greens renovation project beginning in April 2010. The course, which gained international recognition as home to the PGA Grand Slam of Golf from 1994 through 2006, will be closed for approximately eight months with a reopening planned for December 2010.
The project will include a complete renovation of all greens, replacing the original Tifdwarf Bermuda grass with a Sea Shore Paspalum hybrid (Supreme).
Po‘ipu Bay is an 18-hole championship course situated on 210 oceanfront acres on Kaua‘i’s southern coast, adjacent to the Grand Hyatt Kaua‘i Resort & Spa. A Robert Trent Jones Jr. design, Po‘ipu Bay opened in 1991 and has, over the years, been consistently ranked among the top golf courses in Hawai‘i and the U.S.
For more information call the Po‘ipu Bay Golf Shop at 742-8711 of visit www.poipubaygolf.com.
Bank of Hawaii first to participate
Local small businesses struggling with financial hardships as a result of the poor economy may get a reprieve as the new American Recovery Capital Loan gains some traction in Hawai‘i. This unique financing tool was designed by the U. S. Small Business Administration to provide temporary relief to small businesses to help keep their doors open and get their cash flow back on track. The first ARC loans in the Hawai‘i District were approved in September and more SBA lenders are now gearing up to participate in the program.
Developed for a very specific market, the ARC loans are deferred-payment loans of up to $35,000 available to established, viable, for-profit small businesses that need short-term help to make principal and interest payments on existing qualifying debt over a six month period. ARC loans are interest-free to the borrower, 100 percent guaranteed by the SBA, and have no SBA fees associated with them.
Bank of Hawaii approved the first ARC loan in the state earlier this month after working closely with the client to meet the necessary program guidelines.
Prospective borrowers will find more information on eligibility and how to apply for the loan is available at www.sba.gov/recovery.
A list of financial institutions that are currently participating in the ARC loan program is also available at that web address.
