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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:
Most active SBA lenders in Hawaii
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Central Pacific Bank | Honolulu, HI | 51 | $46,980 | 8.3% |
| 2 | First Hawaiian Bank | Honolulu, HI | 16 | $125,806 | 7.6% |
| 3 | First Home Bank | Saint Petersburg, FL | 7 | $252,857 | 8.1% |
| 4 | Five Star Bank | Rancho Cordova, CA | 5 | $270,000 | 6.7% |
| 5 | American Savings Bank | Honolulu, HI | 4 | $32,500 | 11.8% |
| 6 | Newtek Small Business Finance | Lake Success, NY | 3 | $1,301,667 | 8.3% |
| 7 | Celtic Bank | Salt Lake City, UT | 3 | $463,167 | 8.4% |
| 8 | Ohana Pacific Bank | Honolulu, HI | 3 | $105,000 | 7.1% |
Top Hawaii PPP lenders (loans <$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | Central Pacific Bank | 6,201 |
| 2 | First Hawaiian Bank | 3,991 |
| 3 | American Savings Bank | 3,648 |
| 4 | Bank of Hawaii | 3,508 |
| 5 | Celtic Bank Corporation | 694 |
| 6 | Hawaii National Bank | 606 |
| 7 | Kabbage | 593 |
| 8 | Cross River Bank | 346 |
| 9 | HawaiiUSA FCU | 327 |
| 10 | WebBank | 250 |
Top Hawaii PPP lenders (loans >$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | First Hawaiian Bank | 1,103 |
| 2 | Central Pacific Bank | 656 |
| 3 | Bank of Hawaii | 640 |
| 4 | American Savings Bank | 437 |
| 5 | Hawaii National Bank | 154 |
Note: Hawaii PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.