SBA lending by metro area
SBA lenders in Hilo, HI
Which lenders fund Hilo-area businesses, how much, and how the market compares with Hawaii: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Hilo area
Ranked by SBA volume funded to businesses located in the Hilo micropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | HEDCO Local Development Corporation | 45 | $23.3M | $518K | not reported |
| 2 | Celtic Bank Corporation | 15 | $10.0M | $669K | not reported |
| 3 | Bank of Hawaii | 91 | $9.7M | $106K | 4.40% |
| 4 | Newtek Bank, National Association | 8 | $5.1M | $636K | not reported |
| 5 | First Hawaiian Bank | 42 | $4.5M | $108K | 0.00% |
| 6 | Central Pacific Bank | 108 | $4.2M | $39K | 3.70% |
| 7 | BayFirst National Bank | 8 | $1.4M | $173K | not reported |
| 8 | Readycap Lending, LLC | 11 | $1.3M | $122K | not reported |
| 9 | Hawaii National Bank | 9 | $1.3M | $143K | not reported |
| 10 | HFS FCU | 7 | $1.2M | $174K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Hilo compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Hilo area | $50K | 9.9% ▼ 2.0 pts |
| Hawaii | $50K | 11.8% |
| United States | $179K | 11.2% |
What gets funded in Hilo
| Industry | Loans | Total funded |
|---|---|---|
| Health Care and Social Assistance | 42 | $18.7M |
| Accommodation and Food Services | 62 | $14.8M |
| Agriculture, Forestry, Fishing | 13 | $12.4M |
| Retail Trade | 52 | $11.4M |
| Construction | 85 | $11.1M |
| Arts, Entertainment, Recreation | 14 | $6.8M |
| Transportation and Warehousing | 20 | $6.3M |
| Other Services | 40 | $6.3M |
SBA lending in Hilo by year
Geography, precisely
"Hilo area" here means the Hilo-Kailua, HI micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Hawaii County, HI. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.