States › Hawaii
State0.3% of US approvals64 lenders active
SBA loans in Hawaii
7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.
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 916 small business loans in Hawaii in FY2021 to FY2025: 822 under the 7(a) program and 94 under 504, worth $294M together.
That is 27.8 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.3% of all approvals in the country (49th of 54 states and territories).
In FY2025 there were 254 approvals totalling $81.0M, up 9% on FY2024. The median 7(a) approval over the five years was $50K and the median 504 approval $675K.
64 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Central Pacific Bank (446), Northeast Bank (54) and Newtek Bank, National Association (43).
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 6.9% as charged off, against 6.6% nationally.
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.
Most active 7(a) lenders in Hawaii
Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.
| # | Lender | Approvals in HI, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Central Pacific BankHonolulu, HI | 446 | $30.1M | 54.3% | $44K | 8.8% | |
| 2 | Northeast BankLewiston, ME | 54 | $7.7M | 6.6% | $106K | 12.8% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 43 | $24.6M | 5.2% | $225K | — | |
| 4 | Readycap Lending, LLCBerkeley Heights, NJ | 39 | $6.9M | 4.7% | $138K | 4.3% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 36 | $4.7M | 4.4% | $150K | 19.2% | |
| 6 | Celtic Bank CorporationSalt Lake City, UT | 23 | $16.2M | 2.8% | $150K | 17.0% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 19 | $21.9M | 2.3% | $850K | 2.2% | |
| 8 | First Hawaiian BankHonolulu, HI | 17 | $2.1M | 2.1% | $75K | 4.6% | |
| 9 | The Huntington National BankColumbus, OH | 15 | $10.1M | 1.8% | $92K | 5.7% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 13 | $7.1M | 1.6% | $300K | 6.8% | |
| 11 | Lendistry SBLC, LLCLos Angeles, CA | 13 | $2.9M | 1.6% | $150K | 22.7% | |
| 12 | Commonwealth Business BankLos Angeles, CA | 11 | $12.3M | 1.3% | $750K | 2.1% | |
| 13 | Hawaii National BankHonolulu, HI | 8 | $3.2M | 1.0% | $321K | 3.4% | |
| 14 | 22nd State Bank, A Division of 22nd State Banking CompanyMobile, AL | 5 | $5.4M | 0.6% | $833K | 0.0% | |
| 15 | First Bank of the LakeOsage Beach, MO | 5 | $3.9M | 0.6% | $350K | 2.7% | |
| 16 | Five Star BankRancho Cordova, CA | 5 | $720K | 0.6% | $310K | 9.7% | |
| 17 | Byline BankChicago, IL | 4 | $5.3M | 0.5% | $806K | 9.5% | |
| 18 | Grow America Fund, IncorporatedNew York, NY | 4 | $1.7M | 0.5% | $325K | 6.0% | |
| 19 | Bank of HawaiiHonolulu, HI | 4 | $500K | 0.5% | $100K | 2.8% | |
| 20 | U.S. Bank, National AssociationCincinnati, OH | 3 | $1.1M | 0.4% | $45K | 6.2% | |
| 21 | Mechanics BankWalnut Creek, CA | 3 | $984K | 0.4% | $720K | 4.6% | |
| 22 | Stearns Bank National AssociationSaint Cloud, MN | 3 | $925K | 0.4% | $266K | 9.9% | |
| 23 | PCB BankLos Angeles, CA | 2 | — | 0.2% | $850K | 3.0% | |
| 24 | Bank Five NineOconomowoc, WI | 2 | — | 0.2% | $450K | 4.5% | |
| 25 | TowneBankPortsmouth, VA | 2 | — | 0.2% | $638K | 3.3% | |
| 26 | BankFirstNorfolk, NE | 2 | — | 0.2% | $453K | 0.0% | |
| 27 | FWBankChicago, IL | 2 | — | 0.2% | $735K | — | |
| 28 | Happen BankLehi, UT | 2 | — | 0.2% | $874K | 11.2% | |
| 29 | Meridian BankMalvern, PA | 2 | — | 0.2% | $525K | 2.8% | |
| 30 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 0.2% | $15K | 7.9% | |
| 31 | United Midwest Savings Bank National AssociationDe Graff, OH | 2 | — | 0.2% | $150K | 15.9% | |
| 32 | Valley Isle Community FCUKahului, HI | 2 | — | 0.2% | — | — | |
| 33 | T Bank, National AssociationDallas, TX | 1 | — | 0.1% | $1.3M | 5.0% | |
| 34 | Greater Nevada CUCarson City, NV | 1 | — | 0.1% | $696K | 7.3% | |
| 35 | Harvest Small Business Finance, LLCLaguna Hills, CA | 1 | — | 0.1% | $765K | 0.4% | |
| 36 | Pinnacle BankNashville, TN | 1 | — | 0.1% | $745K | 6.0% | |
| 37 | First Internet Bank of IndianaFishers, IN | 1 | — | 0.1% | $895K | 5.3% | |
| 38 | CalPrivate BankLa Jolla, CA | 1 | — | 0.1% | $855K | 1.5% | |
| 39 | Capital Bank, National AssociationRockville, MD | 1 | — | 0.1% | $312K | 6.5% | |
| 40 | Enterprise Bank & TrustClayton, MO | 1 | — | 0.1% | $941K | 1.1% |
504 certified development companies
| # | Lender | Approvals in HI, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | HEDCO Local Development CorporationHonolulu, HI · 504 CDC | 78 | $65.7M | 83.0% | $607K | 0.0% | |
| 2 | Mortgage Capital Development CorporationOakland, CA · 504 CDC | 13 | $19.0M | 13.8% | $913K | 0.3% | |
| 3 | Business Finance CapitalLos Angeles, CA · 504 CDC | 3 | $4.1M | 3.2% | $937K | 0.6% |
Fiscal-year ledger
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 77 | $17.1M | $100K | 13 | $9.3M | 90 | 659 |
| FY2025 | 231 | $53.4M | $80K | 23 | $27.6M | 254 | 1,959 |
| FY2024 | 220 | $54.8M | $50K | 13 | $16.5M | 233 | 1,958 |
| FY2023 | 151 | $49.7M | $50K | 10 | $8.7M | 161 | 1,397 |
| FY2022 | 110 | $19.3M | $50K | 21 | $19.1M | 131 | 560 |
| FY2021 | 110 | $28.4M | $50K | 27 | $16.9M | 137 | 1,059 |
| FY2020 | 76 | $15.4M | $50K | 26 | $18.7M | 102 | 1,009 |
| FY2019 | 127 | $30.7M | $60K | 28 | $19.1M | 155 | 1,326 |
| FY2018 | 207 | $39.3M | $50K | 30 | $19.7M | 237 | 2,007 |
| FY2017 | 267 | $45.6M | $50K | 36 | $24.5M | 303 | 2,430 |
| FY2016 | 385 | $32.1M | $50K | 34 | $24.2M | 419 | 2,720 |
7(a) approvals504 approvals
Counties
Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.
| # | County | Approvals | Dollars | Establishments | Per 1,000 establishments | By fiscal year |
|---|---|---|---|---|---|---|
| 1 | Honolulu County | 597 | $194M | 20,890 | 28.6 | |
| 2 | Maui County | 150 | $44.8M | 5,000 | 30.0 | |
| 3 | Hawaii County | 120 | $43.0M | 4,400 | 27.3 | |
| 4 | Kauai County | 49 | $12.5M | 2,281 | 21.5 |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 126 | $41.6M | 13.8% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 53 | $16.4M | 5.8% | |
| 3 | Residential Building ConstructionNAICS 2361 | 37 | $3.5M | 4.0% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 32 | $10.0M | 3.5% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 31 | $5.7M | 3.4% | |
| 6 | Special Food ServicesNAICS 7223 | 31 | $1.1M | 3.4% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 26 | $6.1M | 2.8% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 24 | $15.9M | 2.6% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 22 | $5.8M | 2.4% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 20 | $2.7M | 2.2% | |
| 11 | Personal Care ServicesNAICS 8121 | 19 | $1.0M | 2.1% | |
| 12 | Offices of PhysiciansNAICS 6211 | 16 | $11.0M | 1.7% | |
| 13 | Automotive Equipment Rental and LeasingNAICS 5321 | 16 | $972K | 1.7% | |
| 14 | Nonresidential Building ConstructionNAICS 2362 | 15 | $4.0M | 1.6% | |
| 15 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 15 | $3.3M | 1.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 171 | 18.7% | |
| 2 | Construction | 165 | 18.0% | |
| 3 | Retail Trade | 93 | 10.2% | |
| 4 | Health Care and Social Assistance | 76 | 8.3% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 71 | 7.8% | |
| 6 | Other Services (except Public Administration) | 68 | 7.4% | |
| 7 | Professional, Scientific, and Technical Services | 61 | 6.7% | |
| 8 | Wholesale Trade | 39 | 4.3% | |
| 9 | Arts, Entertainment, and Recreation | 35 | 3.8% | |
| 10 | Manufacturing | 34 | 3.7% |
Franchise brands
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 3 | 0.3% | |
| 2 | Subway | 2 | 0.2% | |
| 3 | Prime IV Hydration & Wellness | 2 | 0.2% | |
| 4 | Ameriprise Financial | 1 | 0.1% | |
| 5 | Midas | 1 | 0.1% | |
| 6 | True Value Company LLC | 1 | 0.1% | |
| 7 | Capriotti's Sandwich Shop | 1 | 0.1% | |
| 8 | Kiddie Academy | 1 | 0.1% | |
| 9 | The Alley | 1 | 0.1% | |
| 10 | Budget Blinds | 1 | 0.1% |
How earlier loans turned out
| Loans approved FY2010–FY2021 | HI 7(a) | US 7(a) | HI 504 | US 504 |
|---|---|---|---|---|
| Approvals in these years | 3,271 | 639,905 | 462 | 85,591 |
| Cancelled or never disbursed | 397 | 79,313 | 58 | 12,514 |
| Disbursed loans | 2,874 | 560,592 | 404 | 73,077 |
| Paid in full | 2,521 | 435,813 | 184 | 35,491 |
| Charged off | 197 | 36,891 | 0 | 905 |
| Still outstanding (status exempt from disclosure) | 156 | 87,888 | 220 | 36,681 |
| Charged off, share of disbursed loans | 6.9% | 6.6% | 0.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 3.8% | 2.5% | 0.0% | 0.9% |
| Dollars charged off | $12.8M | $5.70bn | $0 | $499M |
Approval sizes
- $50,000 or less49.9%457
- $50,001 to $150,00016.7%153
- $150,001 to $350,00011.8%108
- $350,001 to $1 million13.5%124
- $1 million to $2 million4.7%43
- Over $2 million3.4%31
Age of the businesses
- Existing, more than 2 years old65.9%604
- New business, 2 years or less23.7%217
- Startup, loan funds will open the business6.0%55
- Change of ownership4.4%40
Against the country
| FY2021–FY2025 | Hawaii | United States |
|---|---|---|
| Approvals per 1,000 establishments | 27.8 | 41.0 |
| Median 7(a) approval | $50K | $190K |
| Median 504 approval | $675K | $657K |
| 504 share of approvals | 10.3% | 11.0% |
| Jobs supported per approval, as reported | 7.6 | 10.5 |
| Approvals, change on FY2016–FY2020 | -25% | 10% |
Questions and answers
Which lenders make the most SBA loans in Hawaii?
By 7(a) approvals in FY2021 to FY2025: Central Pacific Bank (446), Northeast Bank (54), Newtek Bank, National Association (43), Readycap Lending, LLC (39), BayFirst National Bank (36). For 504 loans: HEDCO Local Development Corporation (78), Mortgage Capital Development Corporation (13), Business Finance Capital (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hawaii?
The median 7(a) approval was $50K and the median 504 approval $675K; the average across both programs was $321K.
Which industries get the most SBA loans in Hawaii?
Restaurants and Other Eating Places (126); Building Equipment Contractors (53); Residential Building Construction (37); Services to Buildings and Dwellings (32); Offices of Other Health Practitioners (31).
Which Hawaii counties receive the most SBA loans?
Honolulu County (597), Maui County (150), Hawaii County (120), Kauai County (49), by approvals in FY2021 to FY2025.
Is SBA lending in Hawaii rising?
Approvals in the three latest complete fiscal years total 648, against 370 in the three before: rising (+75%).
What share of SBA loans in Hawaii are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 6.9% are recorded as charged off (national: 6.6%); for 504 loans the figure is 0.0% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.
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