SBA loans in Hawaii, FY2024

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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 233 loans in Hawaii: 220 under 7(a) and 13 under 504, worth $71.3M.

That is up 45% on FY2023, when there were 161 approvals worth $58.4M.

Hawaii accounted for 0.3% of the 76,235 approvals nationwide that year. 30 lenders had at least one approval in the state; Central Pacific Bank had the most, 113.

233approvalsFY2023: 161

$71.3Mdollars approvedFY2023: $58.4M

$50Kmedian 7(a) approvalFY2023: $50K

30lenders with an approval

1,958jobs supported, as reported

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 30 lenders with the most approvals to Hawaii businesses in FY2024, of 30 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2023	Change
1	Central Pacific Bank	7(a)	113	$9.5M	48.5%	91	+22
2	Northeast Bank	7(a)	20	$1.8M	8.6%	1	+19
3	BayFirst National Bank	7(a)	18	$2.3M	7.7%	5	+13
4	Readycap Lending, LLC	7(a)	14	$1.4M	6.0%	3	+11
5	Newtek Bank, National Association	7(a)	12	$6.8M	5.2%	8	+4
6	HEDCO Local Development Corporation	504	10	$11.6M	4.3%	10	0
7	Celtic Bank Corporation	7(a)	6	$5.9M	2.6%	6	0
8	Lendistry SBLC, LLC	7(a)	5	$479K	2.1%	2	+3
9	The Huntington National Bank	7(a)	4	$4.3M	1.7%	3	+1
10	Commonwealth Business Bank	7(a)	3	$5.2M	1.3%	1	+2
11	Grow America Fund, Incorporated	7(a)	3	$1.1M	1.3%	0	new
12	First Hawaiian Bank	7(a)	3	$355K	1.3%	0	new
13	Business Finance Capital	504	2	—	0.9%	0	new
14	Live Oak Banking Company	7(a)	2	—	0.9%	7	-5
15	Meridian Bank	7(a)	2	—	0.9%	0	new
16	Wells Fargo Bank National Association	7(a)	2	—	0.9%	0	new
17	Bank Five Nine	7(a)	1	—	0.4%	0	new
18	22nd State Bank, A Division of 22nd State Banking Company	7(a)	1	—	0.4%	1	0
19	PCB Bank	7(a)	1	—	0.4%	1	0
20	Mortgage Capital Development Corporation	504	1	—	0.4%	0	new
21	Hawaii National Bank	7(a)	1	—	0.4%	1	0
22	Gather FCU	7(a)	1	—	0.4%	0	new
23	Southwestern National Bank	7(a)	1	—	0.4%	0	new
24	City National Bank of Florida	7(a)	1	—	0.4%	0	new
25	Merchants Bank of Indiana	7(a)	1	—	0.4%	0	new
26	JPMorgan Chase Bank, National Association	7(a)	1	—	0.4%	0	new
27	CDC Small Business Finance Corp.	7(a)	1	—	0.4%	0	new
28	United Midwest Savings Bank National Association	7(a)	1	—	0.4%	0	new
29	First Bank of the Lake	7(a)	1	—	0.4%	0	new
30	Heritage Bank Inc	7(a)	1	—	0.4%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2023	Change
1	Honolulu County	155	$43.9M	66.5%	106	+49
2	Hawaii County	34	$17.7M	14.6%	22	+12
3	Maui County	24	$4.9M	10.3%	24	0
4	Kauai County	20	$4.9M	8.6%	9	+11

FY2024 against FY2023

Hawaii	FY2024	FY2023
7(a) approvals	220	151
7(a) dollars	$54.8M	$49.7M
Median 7(a) approval	$50K	$50K
504 approvals	13	10
504 dollars	$16.5M	$8.7M
Jobs supported, as reported	1,958	1,397

Questions and answers

Which lenders made the most SBA loans in Hawaii in FY2024?

Central Pacific Bank (113), Northeast Bank (20), BayFirst National Bank (18), Readycap Lending, LLC (14), Newtek Bank, National Association (12). 30 lenders had at least one approval.

How many SBA loans were approved in Hawaii in FY2024?

233: 220 under 7(a) worth $54.8M and 13 under 504 worth $16.5M.

Which Hawaii counties had the most SBA approvals in FY2024?

Honolulu County (155), Hawaii County (34), Maui County (24), Kauai County (20).

When does FY2024 start and end?

The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.

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