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SBA Loans

Running a Small Business? We’re on Your Side.

There’s nothing small about running and financing a small business – and there’s nothing small about American Savings Bank’s commitment to business owners. We’re proud to be recognized as one of the leading originators of Small Business Administration (SBA) loans in Hawaii, and we’re ready to help you to start or purchase a business. If you’re already a business owner, we can help you to purchase equipment, upgrade your facilities, or expand your reach.

Just ask, and we’ll help you qualify for the SBA program that fits your needs, your goals, and your finances.

SBA Loans Offer:

  • Loans of up to $2,000,000 (higher amounts partially guaranteed by the SBA may be available)
  • Simplified loan approval processing
  • Low down payment requirements
  • Projected income consideration
  • Flexible terms and interest rates
  • Wide range of programs to choose from
  • Access to account information through AccountAbilitySM bank-by-phone service

The details:

Requirements: Loan proceeds must go toward creating or retaining jobs
Maximum Loan Amount: $2,000,000 (higher amounts partially guaranteed by the SBA may be available).
Terms: Depend on the purpose of the loan*

**For example, term loans may be up to five to seven years for working capital and up to 10 years for fixed assets such as equipment or real estate.

More Options. More Opportunities.

SBA Loan Options

SBA 7(a) Loan Guarantee Program

Ideal for start-ups and established small businesses. The 7(a) Loan has a maximum amount of $2,000,000. The SBA will guarantee up to 85% of loans $150,000 or less and up to 75% of the loan for amounts greater than $150,000.

Use this loan for:

  • Start a new business or purchase an existing business
  • Providing working capital
  • Purchasing new machinery, equipment, fixtures, or for improvements
  • Purchasing or constructing a building
  • Expanding or renovating an existing building

SBA Express

Streamlined processing reduces the cost of smaller and less complex SBA loans.

  • Maximum loan amount is $200,000
  • 50% of loan is guaranteed by SBA
  • Local underwriting: American Savings Bank underwrites the loan or line of credit

Patriot Express

The Patriot Express Loan is an initiative by the SBA for military veterans and members of the military community who want to establish or expand a business.

  • Maximum loan amount is $500,000
  • 85% of loan is guaranteed by SBA
  • Streamlined processing
  • Local underwriting: American Savings Bank underwrites the loan or line of credit

CAP Lines

The program under which American Savings Bank and the SBA help small businesses meet their short-term and cyclical working capital needs with a line of credit. Depending on the type of line of credit you need, additional requirements may apply.

504 Certified Development Company (CDC) Program
If your small business will help create jobs, this may be the program for you. Your company gets long-term fixed-rate financing for major fixed assets, such as owner-occupied land and buildings or heavy manufacturing equipment.

Here’s how it works:

  • American Savings bank finances up to 50% of the project and takes a senior lien
  • The CDC finances up to 40% and takes a junior lien
  • Your company finances the remaining 10%