Small Business Administration (SBA) Lending
Small Business Administration (SBA) Lending
Hawaii is a unique place to do business. With 70 years’ experience helping local businesses get off the ground or reach the next level, we understand what it takes to grow and thrive here. That’s why we’ve created a small business lending portal tailored to the needs of Hawaii entrepreneurs.
Why Choose CPB?
Central Pacific Bank is a preferred Small Business Administration (SBA) lender. This enables us to obtain fast approval so you can get on the road to success.
We can also help you with government loan programs for which you may qualify.
Have questions? Contact us to speak with one of our SBA loan specialists.
Benefits of a Small Business SBA Loan
SBA loans come with significant advantages that help small businesses succeed, including:
- Low Down Payments: Get access to funding with less upfront capital. Longer Repayment Terms: Benefit from extended repayment periods, helping to manage cash flow more effectively.
- Government Guarantee: SBA backing reduces risk for lenders, making loans easier to obtain for small business owners.
Maximum loan amount: $500,000
Interest rates: Fixed
Get Ready to Fund Your Business Growth
Explore our SBA lending options today and take the first step toward securing affordable, long-term financing for your small business. Have questions? Contact us to speak with one of our SBA loan specialists.
What are Small Business Loans (SBA)?
SBA loans are government-backed financing programs specifically designed to support small businesses. These loans provide accessible and affordable funding options for entrepreneurs.
These benefits make SBA loans a popular choice for business owners looking to start, grow, or expand their operations.
Eligible use of proceeds may be used to:
- Purchase equipment, fixtures, leasehold improvements
- Working capital
- Refinance debt for compelling reasons
- For inventory or starting or purchasing a business.
Who Qualifies for an SBA Loan?
SBA loans are designed to support small businesses that meet specific eligibility criteria:
- Cash Flow: Businesses must generate sufficient cash flow to repay the loan.
- Size Standards: Must meet the SBA’s size standards based on industry and revenue.
Business must be registered with State of Hawaii Department of Commerce and Consumer Affairs and operating at the time of application.
This program is not applicable for non-profit organizations (other financing available, inquire at a CPB branch near you).
More small businesses bank on us
CPB outpaced all other Hawaii financial institutions combined in the number of SBA loans provided in 2023, solidifying its position as the champion for small business growth in the state. The bank's dedication was reflected in three prestigious SBA Lender of the Year awards.
- Lender of the Year (7(a) Category II): This award acknowledges CPB's exceptional performance in providing loans through the SBA's most common loan program, the 7(a) program. CPB provided 91 of these loans in 2023, which was more than all other financial institutions that provided lending in Hawaii combined.
- Lender of the Year (504 Category II): This award recognizes CPB's leadership in facilitating long-term fixed-rate financing for major fixed assets through the SBA's 504 loan program. CPB issued a total of nearly $6.3 million in loans in this category in 2023.
- Lender for Most Veteran Loans: CPB takes immense pride in supporting our island's veterans, and this award signifies the bank's significant contribution to veteran-owned businesses.
Know Before You Apply
- Gather Information & Documents.
- Apply Online: Our simple application process takes just minutes to complete.
- Get Approved: After submitting your application, our team will review your business profile and provide a fast decision.
- Receive Funds: Once approved, the funds are deposited into your account—so you can use them immediately.
- Repay Over Time: Make predictable monthly payments, and enjoy peace of mind with our transparent terms.
