Bank of Hawaii, Central Pacific Bank, Hawaii National Bank SBA’s top lenders in Hawaii
- Stephanie Silverstein[1]
- Reporter- Pacific Business News
- This email address is being protected from spambots. You need JavaScript enabled to view it.[2] | Twitter[3]
Bank of Hawaii[4], Central Pacific Bank[5] and Hawaii National Bank[6] were named “Lender of the Year” in their respective size categories by the U.S. Small Business Administration[7] Hawaii District Office this week, the SBA said Thursday.
The top-performing small business lenders, banking officers and business assistance providers were honored at the annual SBA Lender Awards breakfast on Wednesday.
Bank of Hawaii was named Lender of the Year among large financial institutions with assets of more than $9 billion. The bank provided 94 loans guaranteed under the SBA’s 7 (a) program for $8.16 million in fiscal 2013.
Central Pacific Bank provided 75 loans for a total of $3.2 million in the mid-size category and Hawaii National Bank provided 15 loans for more than $1.68 million.
The same three banks won the same award[8] last year.
First Hawaiian Bank[9] was recognized for being the most active in its category for the SBA’s 504 loan program for real estate and capital equipment, making a total of 21 loans for $11.5 million. Central Pacific Bank was recognized in its category for providing 11 loans for $6.05 million and Hawaii National Bank in its category for 3 loans for $1.33 million.
The SBA said that it provided a total of $72.9 million in financing guarantees to small businesses in Hawaii during the federal fiscal year that ended Sept. 30. Through its 7(a) and 504 financing programs, 386 small business owners were approved for loans for the 2013 fiscal year, an increase from 368 in 2012 and 343 in 2011.
“My thanks go out to all our participating banks and credit unions for their support and for demonstrating their commitment to small businesses,” District Director Jane Sawyer[10] said in a statement. “Local lenders really are working aggressively with borrowers to deliver the financing needed to keep more small businesses viable and moving forward through this period of economic recovery and despite some of the uncertainty we are still seeing. It’s encouraging to see the demand and confidence increase.”
Stephanie Silverstein covers tourism, retail and money for Pacific Business News.
References
- ^ Stephanie Silverstein (feeds.bizjournals.com)
- ^ This email address is being protected from spambots. You need JavaScript enabled to view it. (feeds.bizjournals.com)
- ^ Twitter (twitter.com)
- ^ Bank of Hawaii (www.bizjournals.com)
- ^ Central Pacific Bank (www.bizjournals.com)
- ^ Hawaii National Bank (www.bizjournals.com)
- ^ U.S. Small Business Administration (www.bizjournals.com)
- ^ won the same award (www.bizjournals.com)
- ^ First Hawaiian Bank (www.bizjournals.com)
- ^ Jane Sawyer (feeds.bizjournals.com)