Hawaii District Director's Message:
First Hawaiian, Central Pacific Bank Earn Top Honors
The Hawaii Office team presented the top awards for SBA Lending in our District for FY 2019 at a special breakfast today at the Oahu Country Club.
The SBA 7 (a) loan production in Hawaii slowed, following a national trend, and resulting in 148 loans for small business owners for approximately $32.6 million in 2019. Twenty-eight 504 Fixed Asset Loans for another $19.05 million were rolled into the count to bring Hawaii’s total to 176 deals for a total volume of $51,639,700.
Each fiscal year, SBA recognizes the top lenders in three size categories based on the financial assets of the banks, savings and loans, and credit unions, and SBA found some new faces among those accepting awards at the podium today.
Interestingly, of the 33 lenders who approved loans to small businesses in the State of Hawaii this year, only nine have brick and mortar facilities in the islands.
The SBA 7(a) Lender of the Year Award is based on the number of 7(a) loan approvals with bonus points for exceptional support of agency initiatives such as financing for veterans and small businesses that export products or services. Along with SBA team members Mary Dale and Mark Spain, honors were presented to:
· The “Lender of the Year” for Category 1 lenders, was Ohana Pacific Bank,
The “Lender of the Year” Award for mid-size Category 2 lenders in 2019 recognized Central Pacific Bank with 55 loans for $2.869 million.
First Hawaiian Bank was honored with the “Lender of the Year” title for Category 1, the large financial institutions with assets over $9 billion. The bank approved 23 loans for $2.899 million throughout the district.
HomeStreet Bank was presented with a special award as the High Volume Lender, approving three loans for $4.945 million in 2019.
The 504 Loan program provides affordable, long term fixed-rate financing to help expanding firms acquire land, buildings, machinery, and equipment or for building, modernizing, or renovating facilities. HEDCO, a locally certified development company, worked with lenders to provide 28 loans over $19.05 million for small business ventures.
First Hawaiian Bank was named top 504 Lender in Category 1 and as the most active participant, producing 12 loans for almost $9.55 million, edging out Bank of Hawaii in a competitive race. Hawaii National Bank was recognized for the 504 Lender Award in Category 3 for two loans, totaling $1.63 in loan volume.
We also honored 28 lending officers from eight different financial institutions across the state, including local banks and credit unions. This business bankers and relationship officers worked diligently with small business owners to provide access to capital, worked with SBA and referral partners such as the Hawaii SBDC, Patsy T. Mink Center and SCORE to assist with capacity and financial packaging for prospective borrowers.
SBA’s doors are open, and we are ready to launch into 2020 to empower you and the small business of your dreams!
On this Week's Episode of Adventures in Small Business
The Small Business Development Center will talk story with Justin Enright, Jason Mayamoto and Elliot Lau, three friends who founded DE HI Foods. A local small business that manufactures and distributes crispy beef and pork belly jerky!
Our segment, "Adventures in Small Business," highlights small business owners from every industry in Hawaii. Our episodes are a broad view of how to start a business or how to make your business stronger. From learning how to open a restaurant to navigating the federal contracting world, we are always highlighting our kama'aina businesses.
Click on the ThinkTechHawaii link and subscribe to view the latest episode!
Congratulations to the 2019 Emerging Leaders Graduates
The graduates this year are:
The SBA Emerging Leaders Initiative is an intensive executive-level course for small businesses. The entrepreneurship series includes nearly 100 hours of classroom time, a network of experienced coaches and mentors, meaningful connections with business peers, and the financial community. The resulting plans and new skills have resulted in positive changes for the companies.
“The 2019 class is already reporting significant ROI for their commitment. These sixteen graduates of the SBA Emerging Leaders are a diverse and accomplished group who are already realizing new records in revenues, job creation, and investments, “ said District Director Jane Sawyer. “SBA was excited to be able to create a long-distance classroom to include Guam businesses, and we’re looking forward to an even larger classroom for 2020. Recruiting begins very soon, so get ready!”
2019 Graduates are:
Aysha Masuda Mobile Fleet Hawaii
Jake Johnson Jake Johnson Design
Holly & Tim Veling Grace in Growlers
Kimo Pierce Hawaii Plumbing Group
Attila Seress Cylandia Tech Solutions
Carri Loui Aloha Edibles
Paul & Barbara Logan Uncle’s Ice Cream
Zak Barry Banan
Jessica Barrett Barrett Plumbing
Monty McDowell Advance Management
Jacklord Chuchapin JWS Refrigeration
David & Irene Hicks America’s Best ElectricMart
Jennifer Camacho Cars Plus Guam
Nathan Umeda Skyta Construction
John Griffin Jr. Pacific Isles Equipment Rental
Hawaii Senator Mazie Hirono, Linda Fernandez, Reginald Perry, Hawaii District Director Jane Sawyer at the 2018 SBA Awards.
Due to High Volume of Nominations, SBA to Extend Deadline to Dec. 4th!
The U.S. Small Business Administration (SBA) has extended the deadline for nominations for its 2020 Hawaii SBA Small Business Awards, including the annual Small Business Person of the Year.
The eligibility review has begun by local staff on the many quality nominations received to date, but some confusion remained regarding the deadlines in different SBA jurisdictions and programs. All SBA nominations will be due no later than Wednesday, Dec. 4, 2019, at the Hawaii District Office.
SBA Awards will be presented in local celebrations on all islands in advance of National Small Business Week on May 3-9, 2020, and will include the following honors for eligible Hawaii small businesses:
- Small Business Person of the Year
- Small Business Exporter of the Year
- Family Owned Small Business of the Year
- Young Entrepreneur of the Year
- Entrepreneurial Success of the Year
- Small Business Advocate of the Year
Guidelines for nominations and evaluation criteria are available at the at the Hawaii SBDC webpage, www.hisbdc.org, or by contacting the Hawaii District Office at (808) 541-2990 or email@example.com. All nominations must be hand delivered or mailed to the SBA Hawaii District Office at 500 Ala Moana Boulevard, Suite 1-306, Honolulu, HI 96813 no later than 12 noon on Wednesday, December 4, 2019. Emailed submissions of SBA Awards forms will not be accepted as they contain personally identifiable information (PII).