Finance Factors' small loans assisted a future governor

By Bob Sigall

POSTED: 01:30 a.m. HST, Sep 14, 2012

~~<p>In the early 1950s a concerned group of Hawaii businessmen saw a need. A growing number of minorities were seeking to buy homes and start new businesses.</p>
<p>However, the larger banks were not making small consumer loans at the time. To address this need, several businessmen, including Daniel Lau, Hiram Fong, Mun On Chun, Fong Choy, Clifford Yee and L.Q. Pang, formed Finance Factors Ltd. in 1952.</p>
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In the early 1950s a concerned group of Hawaii businessmen saw a need. A growing number of minorities were seeking to buy homes and start new businesses.

However, the larger banks were not making small consumer loans at the time. To address this need, several businessmen, including Daniel Lau, Hiram Fong, Mun On Chun, Fong Choy, Clifford Yee and L.Q. Pang, formed Finance Factors Ltd. in 1952. Login for more...