Reported by Star-Bulletin staff & wire
Firms with reservists can get loans
Small businesses that employ military reservists called to active duty may apply for disaster loan assistance from the U.S. Small Business Administration.Military Reservist Economic Injury Disaster Loans are available to pay fixed debts, payroll, accounts payable and other bills that can't be paid. The loans, which cannot exceed $1.5 million, carry 4 percent interest and must be repaid within 30 years.
For more information, call 1-800-488-5323.
Architects Hawaii wins accolades
Architects Hawaii Ltd. recently received three interior design awards from the Hawaii chapter of the American Society of Interior Design. The firm was recognized for its work at the Queen's Medical Center Emergency Services Department, the Kuakini Medical Center Ambulatory Care Services and at Boise Furniture Solutions.
California strike hurt profits at Safeway
Safeway Inc.'s third-quarter profit shrank by 21 percent as the supermarket giant continued to absorb financial aftershocks from a devastating strike in Southern California earlier this year that it said could haunt the company next year, too.The Pleasanton-based grocer said yesterday that it earned $159.2 million, or 35 cents per share, for the three months ended Sept. 11. That contrasted with net income of $202.5 million, or 45 cents per share, at the same time last year.
Revenue for the period totaled $8.3 billion, an uptick from $8.28 billion last year.
[Hawaii Inc.]
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PROMOTIONS
» Group 70 International has promoted hired Kim Polkinhorn as a project architect. She has more than eight years experience in architecture. She previously worked for Perkins & Will.» The Marathon Group LLC has promoted Marc C. Tilker to president and chief executive officer. He will be responsible for overseeing the company and its subsidiary operations, including BEI Hawaii and HT&T Truck Center. He has 22 years of business experience.
» Peter Vincent & Associates has promoted Michelle Skupin to marketing manager. She previously worked in the magazine publishing industry. The firm has also hired Ina Johnson as an interior designer. She previously worked as a freelancer.
» Central Pacific Bank has promoted Ryan Harada to senior vice president and senior loan officer. He will be responsible for growing the bank's commercial real estate portfolio, focusing on development projects in Hawaii. He has more than 17 years of lending experience, including nine years at GE Capital.
