FY20181 Oct 2017 – 30 Sep 2018
SBA loans in Hawaii, FY2018
That fiscal year's approvals by lender and by county.
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.
In FY2018 (1 October 2017 to 30 September 2018) SBA approved 237 loans in Hawaii: 207 under 7(a) and 30 under 504, worth $59.0M.
That is down 22% on FY2017, when there were 303 approvals worth $70.1M.
Hawaii accounted for 0.4% of the 66,228 approvals nationwide that year. 28 lenders had at least one approval in the state; Central Pacific Bank had the most, 102.
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.
Approvals by lender
The 28 lenders with the most approvals to Hawaii businesses in FY2018, of 28 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Central Pacific Bank | 7(a) | 102 | $5.0M | 43.0% | 104 | -2 |
| 2 | First Hawaiian Bank | 7(a) | 41 | $4.2M | 17.3% | 52 | -11 |
| 3 | HEDCO Local Development Corporation | 504 | 30 | $19.7M | 12.7% | 36 | -6 |
| 4 | American Savings Bank, National Association | 7(a) | 11 | $410K | 4.6% | 14 | -3 |
| 5 | Bank of Hawaii | 7(a) | 10 | $1.5M | 4.2% | 32 | -22 |
| 6 | Gather FCU | 7(a) | 5 | $2.1M | 2.1% | 12 | -7 |
| 7 | Commonwealth Business Bank | 7(a) | 5 | $2.0M | 2.1% | 4 | +1 |
| 8 | Celtic Bank Corporation | 7(a) | 4 | $1.5M | 1.7% | 6 | -2 |
| 9 | BayFirst National Bank | 7(a) | 4 | $900K | 1.7% | 9 | -5 |
| 10 | Banc of California | 7(a) | 3 | $5.3M | 1.3% | 0 | new |
| 11 | Centerstone SBA Lending, Inc. | 7(a) | 2 | — | 0.8% | 0 | new |
| 12 | Wells Fargo Bank National Association | 7(a) | 2 | — | 0.8% | 5 | -3 |
| 13 | Live Oak Banking Company | 7(a) | 2 | — | 0.8% | 4 | -2 |
| 14 | Hawaii Community FCU | 7(a) | 2 | — | 0.8% | 0 | new |
| 15 | First Merchants Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 16 | US Eagle FCU | 7(a) | 1 | — | 0.4% | 0 | new |
| 17 | Mechanics Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 18 | Newtek Small Business Finance, Inc. | 7(a) | 1 | — | 0.4% | 2 | -1 |
| 19 | Midland States Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 20 | First Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 21 | Hawaii National Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 22 | Readycap Lending, LLC | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 23 | BMO Bank National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 24 | Partners Bank of California | 7(a) | 1 | — | 0.4% | 0 | new |
| 25 | Sunflower Bank National Association | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 26 | Northeast Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 27 | CU Hawaii FCU | 7(a) | 1 | — | 0.4% | 0 | new |
| 28 | HawaiiUSA FCU | 7(a) | 1 | — | 0.4% | 3 | -2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Honolulu County | 145 | $29.7M | 61.2% | 203 | -58 |
| 2 | Maui County | 49 | $16.1M | 20.7% | 33 | +16 |
| 3 | Hawaii County | 24 | $4.9M | 10.1% | 36 | -12 |
| 4 | Kauai County | 19 | $8.2M | 8.0% | 31 | -12 |
FY2018 against FY2017
| Hawaii | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 207 | 267 |
| 7(a) dollars | $39.3M | $45.6M |
| Median 7(a) approval | $50K | $50K |
| 504 approvals | 30 | 36 |
| 504 dollars | $19.7M | $24.5M |
| Jobs supported, as reported | 2,007 | 2,430 |
Questions and answers
Which lenders made the most SBA loans in Hawaii in FY2018?
Central Pacific Bank (102), First Hawaiian Bank (41), HEDCO Local Development Corporation (30), American Savings Bank, National Association (11), Bank of Hawaii (10). 28 lenders had at least one approval.
How many SBA loans were approved in Hawaii in FY2018?
237: 207 under 7(a) worth $39.3M and 30 under 504 worth $19.7M.
Which Hawaii counties had the most SBA approvals in FY2018?
Honolulu County (145), Maui County (49), Hawaii County (24), Kauai County (19).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error