You may view your balance in your monthly statement or may access your accounts anytime using Online Banking for Business. Log in or enroll in Online Banking >.
Business Savings Secured Loan
Build business credit while using savings as collateral
Loans from $10,000 to
90%
of savings account (maximum $250,000)
Unsecured Business Application | Secured Business Application
Product Features & Benefits
Loans from $10,000 to 90% of the available balance in your business savings account (maximum $250,000)
Terms up to 60 months1
Fixed interest rate
Savings account used as collateral
Interested in learning more?
Common Questions:
- Collateral of savings account must be with American Savings Bank. There is a $50 document preparation fee. The interest rate is based on the earning rate of the pledge deposit account plus a margin.
Term Loans
Perfect for fixed assets, such as equipment, vehicles or furniture, consolidating debt or increasing your working capital - the choice is yours1
Unsecured Business Application | Secured Business Application
Product Features & Benefits
Unsecured loans from $10,000 up to $100,0001
Secured loans up to $250,0001
Competitive rates
No annual fee
Flexible repayment schedules
Interested in learning more?
Common Questions:
You may view your balance in your monthly statement or may access your accounts anytime using Online Banking for Business. Log in or enroll in Online Banking >.
- Term loan products are subject to application and credit approval. Certain terms, conditions, and restrictions apply. Loan application required. Offer is for creditworthy applicants who qualify for an American Savings Bank Business PowerLine or Business Loan.
Small Business Administration (SBA) Loans
As one of the leading originators of SBA loans in Hawaii, we're here for you and your business
Loans from $10,000 up to
$50,0001
with low down payment requirements
Unsecured Business Application | Secured Business Application
Product Features & Benefits
Loans from $10,000 up to $50,0001
Low down payment requirements
Projected income consideration
Flexible terms and interest rates
Interested in learning more?
Common Questions:
To apply for an SBA loan, visit a branch and we'll help you complete the application process.
- SBA credit products are subject to credit application and approval. Certain terms, conditions, and restrictions apply. Loan application required. Offer is for creditworthy applicants who qualify for an American Savings Bank Business PowerLine or Business Loan.
Owner-Occupied Commercial Real Estate Loan
Helping you build a better business from the ground up
Loan amount up to
$10,000,000
designed to fit the specific transaction
Product Features & Benefits
-
Term Loan amount up to $10 million to fit the specific transaction, available for Hawaii properties
-
Competitive fixed rates for terms up to 10 years, amortization up to 25 years
-
Fee simple property only
-
Available upon request:
- Construction loans and loans in excess of $10 million
- SBA 504 loan program
-
Purchase, refinance, or cash-out refinance
-
Competitive fixed and floating rate options
-
Discounted closing costs
-
Expedited processing available
-
Preferred rates for multi-family and apartment properties
-
Non-recourse available for well-qualified borrowers
Subject to application and credit approval.
Commercial Investment Property Loan
Designed for multi-family or small commercial real estate properties
Loan amount up to
$10,000,000
(Loans in excess of $10 million are available upon request)
Get started today with this Applicant Checklist
Product Features & Benefits
-
Available for Hawaii properties
-
Loan amount up to $10 million, loan term up to 15 years
-
Amortization up to 30 years
-
Purchase, refinance, or cash-out refinance
-
Competitive fixed and floating rate options
-
Multi-family, industrial, retail, office and mixed use properties
-
Available upon request – construction loans and loans in excess of $10 million
-
Discounted closing costs
-
Expedited processing available
-
Preferred rates for multi-family and apartment properties
-
Non-recourse available for well-qualified borrowers
Let's Talk
Lawrence Pai
Direct: (808) 539-7960
lpai@asbhawaii.com
Commercial Lines
Flexible financing to support your growth and capital needs1
Unsecured Business Application | Secured Business Application
Product Features & Benefits
Purchase inventory
Carry accounts receivable
Take advantage of unexpected opportunities
Interested in learning more?
Let us customize the right structure, terms and payment options to support your business
- Subject to application and credit approval. Loan application required. Offer is for creditworthy applicants who qualify for an American Savings Bank Business PowerLine or Business Loan.
Business ProTecLine
Valuable and convenient overdraft protection for your checking account
Unsecured, revolving line of credit from
$2,5001
up to $10,000
Unsecured Business Application | Secured Business Application
Product Features & Benefits
Unsecured, revolving line of credit from $2,500 up to $10,0001
Quick application processing and closing by signing all required paperwork at the time of application
Principal plus interest monthly payments ($50 minimum)
Interested in learning more?
- BusinessProTecLine is subject to credit application and approval. Certain terms, conditions and restrictions apply.
Business PowerLine
The cash you need to keep your business competitive
Unsecured lines from $10,000 up to
$100,0001
Secured lines also available
Unsecured Business Application | Secured Business Application
Product Features & Benefits
Revolving line of credit that allows you to repay and borrow without a new loan application
Unsecured lines from $10,000 up to $100,0001
Secured lines from $50,000 up to $250,0001
Access with Business PowerLine checks2
Access with transferring from the line to your other ASB accounts via Online Banking for Business
Low variable interest rate
Interested in learning more?
Common Questions:
You may transfer funds to your other ASB accounts with Online Banking for Business. Log in or enroll in Online Banking >.
- Withdraw funds using your special Business PowerLine checks. To order checks, please visit a branch.
- Business PowerLine is subject to credit application and approval. Certain terms, conditions and restrictions apply.
- Business PowerLine checks available for unsecured lines only.
Clean Energy Loan
Finance the purchase and installation of your residential
clean energy system with ASB's Clean Energy Loan
(full list of participating contractors)
Clean Energy Loan
Product Features & Benefits
As low as 7.62% APR*
Loans From $1,500 to $70,000*
0.00% Initial Period for 12 months
5.50% Interest-Only Period for 6 months (months 13 to 18)
A fixed rate, fully amortized Principal & Interest Period for 102 months (months 19 to 120)
No prepayment penalty
Free Online Banking with eStatements
Use the Hawaiian Electric Locational Value Map to see if a power grid is available near you
Interested in learning more?
Common Questions:
Participating contractors are listed alphabetically and are exclusively compatible with the Clean Energy Loan. Participation is subject to change without notice, please check with contractor on eligible residential clean energy systems. At loan closing, 50% of the loan amount is disbursed to your contractor, and the remaining 50% is disbursed to your ASB personal checking account for you to pay your contractor according to the terms of your agreement with it. If you don’t already have an ASB personal checking account, you must establish one to receive the loan funds.
Photovoltaic (PV) system
Solar water heater system
Solar PV water heating system
Solar air-conditioning (A/C) system
- Battery bonus back up/storage system
Copies of recent paystubs for one month and most recent W-2 statement if your income is from a salary
Copies of award letter or most recent 1099 if your income is from Social Security or pension
Copy of current monthly account statement if your income is from 401(k) distribution, IRA distribution, or annuity
Copies of last 2 years’ U.S. Individual Income Tax Returns with all schedules if:
You file Schedule C, E, and/or F, and/or
Your bonus, commission or tips income accounts for 25% or more of your annual income
Copies of last 2 years' U.S. Business Tax Returns with all schedules and K-1's if you own 25% or more of a corporation or partnership
If the subject property is part of a Condominium Property Regime then please provide:
Name of condo project
Amount of monthly maintenance fee
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* The Clean Energy Loan (loan program) is subject to borrower(s') qualification and meeting underwriting guidelines. The initial interest rate is 0.00% for the 12-month initial period followed by a 6-month 5.50% interest only period, then a principal and interest period for 102 months. Loan program is subject to change or cancel without notice. Loan terms, interest rate and Annual Percentage Rate (APR) for qualified borrower(s) will be based on borrower credit worthiness. 50% of the loan amount is disbursed to the borrower’s American Savings Bank (ASB) personal checking account and 50% of the loan amount is disbursed to the contractor at loan closing. Based on a loan amount of $25,000 and an initial term (12-months) at an interest rate of 0.00%, there are no monthly payments ($0.00) during the first 12 months of the initial period followed by monthly interest-only payments of $116.78 at 5.50% in months 13 to 18 (6 months after the initial period). Then, 102 months of fixed principal and interest payments of $364.78 (based on a fixed interest rate of 9.99%). The interest rate used in the example is as of 02/19/2024 and results in a 7.62% APR. Please refer to the current Loan Rate sheet or call us for current rates. Available only for financing the purchase, installation, and other eligible costs associated with the purchase/installation of a qualified residential clean energy system from an ASB participating contractor. Qualified systems are residential photovoltaic (PV), solar water heater, solar PV water heating systems, solar air conditioning, and battery backup/storage systems. Rates are subject to change at any time without prior notice.
ASB does not perform due diligence or does not make representations or warranties on third-party, participating or non-participating contractors, and qualified residential clean energy systems. Borrower should take reasonable steps to review third parties and systems.
Savings Secured Loan
It's easy to start building credit by using your statement savings account as collateral
Minimum $1,000 and up to
90%
of your available savings
Savings Secured Loan
Product Features & Benefits
Term of 60 months1
Minimum $1,000 and up to 90% of your available savings
No annual fee
Fixed interest rate and monthly payments
Access to Online Banking with eStatements
Statement Savings account used as collateral
Interested in learning more?
Common Questions:
Setting up automatic transfers including loan payments is easy with Online Banking. Click here to learn how >
You may also use the Automatic Payments and Transfers form to set up automatic transfers to or from your accounts. If you are withdrawing from a non-ASB account, you will need the account number and routing number, a voided check, or a copy of your statement. Return the form to any branch or mail to:
American Savings Bank
Attn: ACH Services
PO Box 2300
Honolulu, HI 96804-2300
We need 5 business days from the date of receipt of your form to set up, change, or cancel your transfer. For loan payments we will send you a letter confirming the start date of your first automatic payment. Please continue to make your payments until you receive your confirmation letter.
To cancel automatic transfers, complete Section II of the Automatic Payments and Transfers form and submit it to us at least 5 business days before the scheduled cancel date. For your automatic transfers to continue without interruption, complete Section I of the form and return it in at least 5 business days before the scheduled transfer date. For more information, visit common forms.
Yes, on the Automatic Recurring Transfers form select the Minimum monthly payment + additional principal of $__________ option. You can make additional payments and apply them towards your principal balance. The additional amount you provide will not change until you notify us in writing.
Depending on what type of loan you have, your first payment will be due about 30 days after the date of your loan.
Get to Know Personal Loans
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More and more homeowners in Hawaii are choosing to go green when powering their homes. Installing solar or other clean energy systems to power your ho...
Understanding Interest Rates
You might have heard about interest rates but do you really know what they are and how they can help your finances? You might know that interest is th...
- Collateral of savings account must be with American Savings Bank. The interest rate is based on the earning rate of the pledge deposit account plus a margin. Based on a $5,000 loan amount at an interest rate of 2.52% APR (annual percentage rate) and on a five-year term, there are 60 monthly principal and interest payments at $88.78. The interest rate used in the example is as of 02/19/2024. Please refer to the current Loan Rate sheet or call us for current rates.