FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Hawaii, FY2020
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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 102 loans in Hawaii: 76 under 7(a) and 26 under 504, worth $34.1M.
That is down 34% on FY2019, when there were 155 approvals worth $49.7M.
Hawaii accounted for 0.2% of the 49,417 approvals nationwide that year. 20 lenders had at least one approval in the state; Central Pacific Bank had the most, 44.
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 20 lenders with the most approvals to Hawaii businesses in FY2020, of 20 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Central Pacific Bank | 7(a) | 44 | $2.1M | 43.1% | 55 | -11 |
| 2 | HEDCO Local Development Corporation | 504 | 26 | $18.7M | 25.5% | 28 | -2 |
| 3 | United Midwest Savings Bank National Association | 7(a) | 5 | $630K | 4.9% | 2 | +3 |
| 4 | First Hawaiian Bank | 7(a) | 5 | $575K | 4.9% | 20 | -15 |
| 5 | Five Star Bank | 7(a) | 4 | $1.1M | 3.9% | 2 | +2 |
| 6 | United Business Bank | 7(a) | 2 | — | 2.0% | 0 | new |
| 7 | Gather FCU | 7(a) | 2 | — | 2.0% | 0 | new |
| 8 | Commonwealth Business Bank | 7(a) | 2 | — | 2.0% | 2 | 0 |
| 9 | Enterprise Bank & Trust | 7(a) | 1 | — | 1.0% | 1 | 0 |
| 10 | First Bank | 7(a) | 1 | — | 1.0% | 0 | new |
| 11 | Byline Bank | 7(a) | 1 | — | 1.0% | 0 | new |
| 12 | North State Bank | 7(a) | 1 | — | 1.0% | 0 | new |
| 13 | CDC Small Business Finance Corp. | 7(a) | 1 | — | 1.0% | 0 | new |
| 14 | Newtek Small Business Finance, Inc. | 7(a) | 1 | — | 1.0% | 4 | -3 |
| 15 | The Huntington National Bank | 7(a) | 1 | — | 1.0% | 0 | new |
| 16 | Capital Bank, National Association | 7(a) | 1 | — | 1.0% | 0 | new |
| 17 | Seacoast National Bank | 7(a) | 1 | — | 1.0% | 0 | new |
| 18 | BayFirst National Bank | 7(a) | 1 | — | 1.0% | 11 | -10 |
| 19 | Bank of Hawaii | 7(a) | 1 | — | 1.0% | 5 | -4 |
| 20 | American Savings Bank, National Association | 7(a) | 1 | — | 1.0% | 4 | -3 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Honolulu County | 66 | $24.6M | 64.7% | 105 | -39 |
| 2 | Maui County | 20 | $4.7M | 19.6% | 17 | +3 |
| 3 | Kauai County | 8 | $2.0M | 7.8% | 11 | -3 |
| 4 | Hawaii County | 8 | $2.8M | 7.8% | 22 | -14 |
FY2020 against FY2019
| Hawaii | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 76 | 127 |
| 7(a) dollars | $15.4M | $30.7M |
| Median 7(a) approval | $50K | $60K |
| 504 approvals | 26 | 28 |
| 504 dollars | $18.7M | $19.1M |
| Jobs supported, as reported | 1,009 | 1,326 |
Questions and answers
Which lenders made the most SBA loans in Hawaii in FY2020?
Central Pacific Bank (44), HEDCO Local Development Corporation (26), United Midwest Savings Bank National Association (5), First Hawaiian Bank (5), Five Star Bank (4). 20 lenders had at least one approval.
How many SBA loans were approved in Hawaii in FY2020?
102: 76 under 7(a) worth $15.4M and 26 under 504 worth $18.7M.
Which Hawaii counties had the most SBA approvals in FY2020?
Honolulu County (66), Maui County (20), Kauai County (8), Hawaii County (8).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
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