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County1st of 4 in Hawaii by approvalsFIPS 15003
SBA loans in Honolulu County, Hawaii
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 597 loans to businesses in Honolulu County, Hawaii, in FY2021 to FY2025, worth $194M: 544 under 7(a) and 53 under 504.
That is 28.6 approvals per 1,000 business establishments (20,890 establishments in 2023), close to the Hawaii figure of 27.8 and below the national 41.0.
It ranks 1st of 4 Hawaii counties with approvals. In FY2025 there were 166, about level with FY2024.
44 lenders had approvals here; the most active were Central Pacific Bank (311), HEDCO Local Development Corporation (46) and Northeast Bank (36). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Honolulu County
By number of approvals to businesses in the county, FY2021–FY2025; 44 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Central Pacific BankHonolulu, HI | 311 | $23.8M | 52.1% | |
| 2 | HEDCO Local Development CorporationHonolulu, HI · CDC | 46 | $45.4M | 7.7% | |
| 3 | Northeast BankLewiston, ME | 36 | $4.9M | 6.0% | |
| 4 | Newtek Bank, National AssociationMiami, FL | 28 | $18.7M | 4.7% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 21 | $4.4M | 3.5% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 20 | $2.8M | 3.4% | |
| 7 | Celtic Bank CorporationSalt Lake City, UT | 14 | $7.9M | 2.3% | |
| 8 | First Hawaiian BankHonolulu, HI | 14 | $1.6M | 2.3% | |
| 9 | Commonwealth Business BankLos Angeles, CA | 11 | $12.3M | 1.8% | |
| 10 | The Huntington National BankColumbus, OH | 11 | $6.6M | 1.8% | |
| 11 | Lendistry SBLC, LLCLos Angeles, CA | 11 | $2.7M | 1.8% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 10 | $12.8M | 1.7% | |
| 13 | Newtek Small Business Finance, Inc.Lake Success, NY | 9 | $6.4M | 1.5% | |
| 14 | Mortgage Capital Development CorporationOakland, CA · CDC | 6 | $13.3M | 1.0% | |
| 15 | Hawaii National BankHonolulu, HI | 6 | $1.4M | 1.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 95 | 15.9% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 36 | 6.0% | |
| 3 | Residential Building ConstructionNAICS 2361 | 23 | 3.9% | |
| 4 | Special Food ServicesNAICS 7223 | 23 | 3.9% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 19 | 3.2% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 17 | 2.8% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 16 | 2.7% | |
| 8 | Personal Care ServicesNAICS 8121 | 15 | 2.5% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 13 | 2.2% | |
| 10 | Nonresidential Building ConstructionNAICS 2362 | 12 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 125 | 20.9% | |
| 2 | Construction | 108 | 18.1% | |
| 3 | Other Services (except Public Administration) | 51 | 8.5% | |
| 4 | Retail Trade | 50 | 8.4% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 47 | 7.9% | |
| 6 | Health Care and Social Assistance | 46 | 7.7% | |
| 7 | Professional, Scientific, and Technical Services | 38 | 6.4% | |
| 8 | Wholesale Trade | 32 | 5.4% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 53 | $10.4M | $100K | 7 | $5.9M | 60 | 485 |
| FY2025 | 154 | $33.4M | $73K | 12 | $19.3M | 166 | 1,442 |
| FY2024 | 148 | $33.6M | $50K | 7 | $10.2M | 155 | 1,434 |
| FY2023 | 100 | $35.2M | $50K | 6 | $5.8M | 106 | 1,069 |
| FY2022 | 74 | $13.5M | $50K | 13 | $13.7M | 87 | 374 |
| FY2021 | 68 | $17.6M | $50K | 15 | $11.7M | 83 | 747 |
| FY2020 | 51 | $10.5M | $50K | 15 | $14.2M | 66 | 801 |
| FY2019 | 85 | $15.8M | $50K | 20 | $16.1M | 105 | 854 |
| FY2018 | 127 | $16.2M | $50K | 18 | $13.5M | 145 | 1,348 |
| FY2017 | 181 | $23.8M | $50K | 22 | $15.8M | 203 | 1,589 |
| FY2016 | 254 | $17.3M | $50K | 20 | $17.7M | 274 | 1,900 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 793 approvals.
Against Hawaii and the country
| FY2021–FY2025 | Honolulu County | Hawaii | United States |
|---|---|---|---|
| Approvals | 597 | 916 | 342,825 |
| Approvals per 1,000 establishments | 28.6 | 27.8 | 41.0 |
| Median 7(a) approval | $50K | $50K | $190K |
| Median 504 approval | $691K | $675K | $657K |
| Average approval | $325K | $321K | $573K |
| 504 share of approvals | 8.9% | 10.3% | 11.0% |
| Jobs supported per approval, as reported | 8.5 | 7.6 | 10.5 |
| Share of state approvals | 65.2% | 100.0% | — |
Approval sizes
- $50,000 or less51.6%308
- $50,001 to $150,00015.9%95
- $150,001 to $350,00011.9%71
- $350,001 to $1 million12.4%74
- $1 million to $2 million4.5%27
- Over $2 million3.7%22
Age of the businesses
- Existing, more than 2 years old65.0%388
- New business, 2 years or less27.0%161
- Startup, loan funds will open the business4.5%27
- Change of ownership3.5%21
Questions and answers
Which lenders make the most SBA loans in Honolulu County?
By approvals in FY2021 to FY2025: Central Pacific Bank (311), HEDCO Local Development Corporation (46), Northeast Bank (36), Newtek Bank, National Association (28), Readycap Lending, LLC (21). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Honolulu County?
The median 7(a) approval was $50K and the median 504 approval $691K; the Hawaii 7(a) median was $50K.
Which industries get the most SBA loans in Honolulu County?
Restaurants and Other Eating Places (95); Building Equipment Contractors (36); Residential Building Construction (23); Special Food Services (23); Services to Buildings and Dwellings (19).
Is SBA lending in Honolulu County rising?
Approvals in the three latest complete fiscal years total 427, against 236 in the three before: rising (+81%).
How does Honolulu County compare with the rest of Hawaii?
28.6 approvals per 1,000 establishments against 27.8 statewide, and 597 of the state's 916 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error