FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Hawaii, FY2019
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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 155 loans in Hawaii: 127 under 7(a) and 28 under 504, worth $49.7M.
That is down 35% on FY2018, when there were 237 approvals worth $59.0M.
Hawaii accounted for 0.3% of the 58,006 approvals nationwide that year. 27 lenders had at least one approval in the state; Central Pacific Bank had the most, 55.
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 27 lenders with the most approvals to Hawaii businesses in FY2019, of 27 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Central Pacific Bank | 7(a) | 55 | $2.9M | 35.5% | 102 | -47 |
| 2 | HEDCO Local Development Corporation | 504 | 28 | $19.1M | 18.1% | 30 | -2 |
| 3 | First Hawaiian Bank | 7(a) | 20 | $2.7M | 12.9% | 41 | -21 |
| 4 | BayFirst National Bank | 7(a) | 11 | $3.1M | 7.1% | 4 | +7 |
| 5 | Bank of Hawaii | 7(a) | 5 | $480K | 3.2% | 10 | -5 |
| 6 | Newtek Small Business Finance, Inc. | 7(a) | 4 | $3.9M | 2.6% | 1 | +3 |
| 7 | American Savings Bank, National Association | 7(a) | 4 | $155K | 2.6% | 11 | -7 |
| 8 | Mechanics Bank | 7(a) | 3 | $4.9M | 1.9% | 1 | +2 |
| 9 | Celtic Bank Corporation | 7(a) | 3 | $1.4M | 1.9% | 4 | -1 |
| 10 | Live Oak Banking Company | 7(a) | 2 | — | 1.3% | 2 | 0 |
| 11 | Five Star Bank | 7(a) | 2 | — | 1.3% | 0 | new |
| 12 | United Midwest Savings Bank National Association | 7(a) | 2 | — | 1.3% | 0 | new |
| 13 | Commonwealth Business Bank | 7(a) | 2 | — | 1.3% | 5 | -3 |
| 14 | Touchmark National Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 15 | Enterprise Bank & Trust | 7(a) | 1 | — | 0.6% | 0 | new |
| 16 | IncredibleBank | 7(a) | 1 | — | 0.6% | 0 | new |
| 17 | Wells Fargo Bank National Association | 7(a) | 1 | — | 0.6% | 2 | -1 |
| 18 | East West Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 19 | FinWise Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 20 | America First Federal Credit Union | 7(a) | 1 | — | 0.6% | 0 | new |
| 21 | Hawaii National Bank | 7(a) | 1 | — | 0.6% | 1 | 0 |
| 22 | Midland States Bank | 7(a) | 1 | — | 0.6% | 1 | 0 |
| 23 | Stearns Bank National Association | 7(a) | 1 | — | 0.6% | 0 | new |
| 24 | Independence Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 25 | Optus Bank | 7(a) | 1 | — | 0.6% | 0 | new |
| 26 | CU Hawaii FCU | 7(a) | 1 | — | 0.6% | 1 | 0 |
| 27 | Hawaii Community FCU | 7(a) | 1 | — | 0.6% | 2 | -1 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Honolulu County | 105 | $31.8M | 67.7% | 145 | -40 |
| 2 | Hawaii County | 22 | $9.0M | 14.2% | 24 | -2 |
| 3 | Maui County | 17 | $3.3M | 11.0% | 49 | -32 |
| 4 | Kauai County | 11 | $5.6M | 7.1% | 19 | -8 |
FY2019 against FY2018
| Hawaii | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 127 | 207 |
| 7(a) dollars | $30.7M | $39.3M |
| Median 7(a) approval | $60K | $50K |
| 504 approvals | 28 | 30 |
| 504 dollars | $19.1M | $19.7M |
| Jobs supported, as reported | 1,326 | 2,007 |
Questions and answers
Which lenders made the most SBA loans in Hawaii in FY2019?
Central Pacific Bank (55), HEDCO Local Development Corporation (28), First Hawaiian Bank (20), BayFirst National Bank (11), Bank of Hawaii (5). 27 lenders had at least one approval.
How many SBA loans were approved in Hawaii in FY2019?
155: 127 under 7(a) worth $30.7M and 28 under 504 worth $19.1M.
Which Hawaii counties had the most SBA approvals in FY2019?
Honolulu County (105), Hawaii County (22), Maui County (17), Kauai County (11).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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