Top Hawaii SBA Lenders | SBA Loans in HI

Last annual update: Apr 15, 2024

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Hawaii-based banks were among the largest lenders to “The Aloha State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Hawaii:

Top SBA lenders in Hawaii

RankBankBank HQs# of LoansAvg Interest Avg Loan
1Central Pacific BankHONOLULU, HI7810.3% $85,059
2Readycap Lending, LLCBERKELEY HEIGHTS, NJ913.2% $149,167
3Noah BankMiami, FL712.5% $560,143
4Newtek BankMiami, FL712.5% $560,143
5BayFirst National BankSaint Petersburg, FL612.8% $142,833
6Celtic BankSALT LAKE CITY, UT511.2% $456,400
7Live OakWILMINGTON, NC410.8% $1,048,750
8Byline BankCHICAGO, IL310.9% $1,427,000
9Northeast BankLEWISTON, ME311.3% $50,000
10Newtek Small Business FinanceLAKE SUCCESS, NY312.2% $1,058,333

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Top industries receiving SBA loans in Hawaii

RankIndustry (NAICS Description)# of LoansAvg Interest Avg Loan
1Full-Service Restaurants911.0% $162,667
2Snack and Nonalcoholic Beverage Bars810.7% $479,200
3Limited-Service Restaurants710.6% $1,153,857
4Fitness and Recreational Sports Centers510.6% $131,420
5General Automotive Repair511.4% $326,000
6Electrical Contractors49.9% $47,500
7Passenger Car Rental411.4% $34,750
8Supermarkets and Other Grocery (except Convenience) Stores410.4% $86,250
9Beauty Salons39.3% $20,467
10Caterers39.5% $46,667
11Offices of Physicians (except Mental Health Specialists)311.4% $600,000
12Plumbing, Heating, and Air-Conditioning Contractors311.5% $41,667
13Power and Communication Line and Related Structures Construction311.7% $136,667
14Private Mail Centers310.8% $492,333
15Remediation Services39.4% $466,233
16Tour Operators310.6% $83,333

SBA loans – Hawaii

A note about these Hawaii SBA lenders – People frequently ask us if one of the banks above is 1) on the Hawaii preferred lender list 2) an approved lender in Hawaii, or 3) participating in the Hawaii SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Hawaii and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Hawaii. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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