Top SBA Lenders in Hawaii

SBA loans play a crucial role in providing financial assistance to entrepreneurs and small business owners. For those in Hawaii seeking SBA loans, understanding the key players in the lending landscape is essential. Here’s a breakdown of the top SBA lenders in Hawaii based on the number of loans, average loan amount, and average interest rates.

Hawaii Preferred SBA Lenders

RankBankBank HQ# of Loans Avg Loan Avg Interest
1Central Pacific BankHonolulu, HI52 $61,488 8.0%
2Newtek Small Business FinanceLake Success, NY5 $210,000 8.9%
3BayFirst National BankSaint Petersburg, FL4 $137,500 8.1%
4BancorpSouth BankTupelo, MS3 $280,000 6.8%
5Celtic BankSalt Lake City, UT3 $82,233 7.8%
6Readycap Lending, LLCBerkeley Heights, NJ3 $131,000 7.8%

Top Industries for SBA loans in Hawaii

RankIndustry# of Loans Avg Loan Avg Interest
1Limited-Service Restaurants8 $86,625 7.3%
2All Other Specialty Trade Contractors4 $438,450 8.3%
3Commercial and Institutional Building Construction4 $87,500 8.4%
4New Single-Family Housing Construction (except Operative Builders)3 $241,667 6.8%
5Full-Service Restaurants3 $1,287,667 7.9%
6Flooring Contractors3 $25,000 8.5%

Top SBA Loan Franchises in Hawaii

RankFranchiseName# of Loans Avg Loan Avg Interest

Top Hawaii SBA Loan Borrowers by Jobs Supported

RankBusinessLocationIndustry Loan Size Interest Rate Jobs
1THERAEX REHAB SERVICES INC.Kapolei, HIEmployment Placement Agencies $1M – $2.5M 9.0%127
2ALOHA ROADWAY SERVICES LLCHonolulu, HIAll Other Support Services $250K – $500K 8.8%57
3THEODORE E DODSON DDS LLCKahului, HIOffices of Dentists $250K or less 7.5%36
4TMAD PEARL CITY LLCPearl City, HILimited-Service Restaurants $250K – $500K 6.3%19
5ES&A INC. A LAW CORPORATIONHonolulu, HIOffices of Lawyers $250K or less 9.3%16
6SUNSET COASTAL VIEW POOLS SPAKailua-Kona, HIAll Other Specialty Trade Contractors $500K – $1M 9.4%16
7LLOYD SERVICES ENT LLCHonolulu, HISecurity Guards and Patrol Services $250K or less 10.5%14
8SARA FEDERSCHMIDT DVM LLCKailua, HIVeterinary Services $250K or less 6.8%12
9SHAKA ZIPLINE LLCKoloa, HIAll Other Amusement and Recreation Industries $500K – $1M 9.0%12
10CROUCHING LION F&B LLCKaaawa, HIFull-Service Restaurants $2.5M – $5M 7.5%12

Note about SBA lenders near me in Hawaii

When it comes to top Hawaii SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Hawaii preferred lender list, 2) approved lenders in Hawaii, or 3) active participants in the Hawaii SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Hawaii swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Hawaii, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.