Business Banking

Business Loans

As your Hawaii business grows, you need a loan that fits your goals. Hawaii National Bank business loans offer the versatility to help you make payments over a longer period of time, with an affordable monthly payment plan that works for you.

Business Term Loan

For commercial purposes, such as office or building improvements, equipment purchases or business expansion.

Features

  • May be made on an unsecured or secured basis
  • Flexible repayment terms
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Features

  • May be made on an unsecured or secured basis
  • Flexible repayment terms

Lines of Credit

Get cash when you need it for payroll, working capital requirements, covering your accounts receivable or purchasing inventory.

We offer two options: Prime Plus Business Access Creditline & Prime Plus Business Equity Creditline.

Prime Plus Business Access Creditline

This revolving creditline for businesses is accessed by special checks. It also provides overdraft protection by linking to your operating checking account, offering convenient access to cash to help meet business needs – for working capital, trade discounts, financing receivables or managing short-term cash requirements.

  • Maximum credit limit: $250,000. The credit reserve is replenished as funds are repaid
  • Initial start-up fee and an annual renewal fee are based on the creditline requested
  • Your monthly statement will show the activity in your creditline, including the amount of accrued interest and minimum payment due
  • Minimum monthly payment: 2% of the outstanding balance plus interest or $100 including interest, whichever is greater
  • NO prepayment penalty

Prime Plus Business Equity Creditline

This term loan or line of credit is based on a second mortgage on a commercial property and improvements and can be used for working capital.

More Details

We offer two options: Prime Plus Business Access Creditline & Prime Plus Business Equity Creditline.

Prime Plus Business Access Creditline

This revolving creditline for businesses is accessed by special checks. It also provides overdraft protection by linking to your operating checking account, offering convenient access to cash to help meet business needs – for working capital, trade discounts, financing receivables or managing short-term cash requirements.

  • Maximum credit limit: $250,000. The credit reserve is replenished as funds are repaid
  • Initial start-up fee and an annual renewal fee are based on the creditline requested
  • Your monthly statement will show the activity in your creditline, including the amount of accrued interest and minimum payment due
  • Minimum monthly payment: 2% of the outstanding balance plus interest or $100 including interest, whichever is greater
  • NO prepayment penalty

Prime Plus Business Equity Creditline

This term loan or line of credit is based on a second mortgage on a commercial property and improvements and can be used for working capital.

More Details

Special Business Loans & Lines

Our specialized programs are ideal for purchasing additional equipment, making office improvements or refinancing an existing loan.

These programs are specially designed to assist Hawaii's business professionals, such as food retailers, medical professionals and certified public accountants.

Other Features:

  • More than $100 in savings, including FREE checks, a FREE VISA membership and FREE Online Banking with cash management for three months
  • Flexible draw and repayment terms for lines of credit
More Details

These programs are specially designed to assist Hawaii's business professionals, such as food retailers, medical professionals and certified public accountants.

Other Features:

  • More than $100 in savings, including FREE checks, a FREE VISA membership and FREE Online Banking with cash management for three months
  • Flexible draw and repayment terms for lines of credit

Government Guaranteed Loans

We are among a select number of lenders who have the authority to streamline and expedite your financial assistance.

We offer loans for Small Business Administration, U.S. Department of Agriculture and State of Hawaii Agriculture Loan Program.

Small Business Administration

The SBA is a federal agency providing financial assistance to small businesses requiring longer repayment terms. SBA loans are used to finance the construction or modernization of facilities, purchase machinery or equipment, or increase permanent working capital. If eligible under SBA guidelines, the loans can also be used to refinance existing debt. The SBA guarantees up to 85% of the financing.

Types of SBA loans include:

  • SBA 7(a): The basic program for loans up to $5,000,000. Maturities of up to 10 years for working capital loans. There are discounts available for veteran-owned businesses.
  • SBA PLP: Hawaii National Bank is an authorized SBA 7(a) PLP (Preferred Lenders Program) Lender. Under the PLP designation, Hawaii National Bank enjoys the full delegation of lending authority. Not every bank in Hawaii has the PLP designation.
  • SBA 7(a) CAPLine: A specialized loan program designed to assist small businesses with meeting their short-term cyclical working capital needs.
  • SBA Express: A program to facilitate small business loans or lines of credit up to $350,000. SBA guarantees up to 50% of the loan amount. Maturities are usually 5-7 years for term loans. There are discounts available for veteran-owned businesses.
  • SBA Loan Advantage: A program to facilitate small business loans up to $250,000. SBA guarantees up to 85% for loans up to $150,000 and 75% for loans between $150,001 and $250,000.
  • SBA 504: A specialized program to provide long-term financing for the acquisition of fixed assets (owner-occupied commercial property, heavy machinery/equipment, or commercial boats). Maturities range from 10-25 years based on the expected economic life of the fixed asset.
  • SBA Export Express Loan Program: Provides pre- and post-export working capital financing for export sales. SBA guarantees 90% for loans up to $350,000 and 75% for loans between $350,001 and $500,000.
  • SBA International Trade and Export Working Capital: A program for businesses involved in international trade or exporting for loans up to $5,000,000 with a SBA guaranty up to 90%.

U.S. Department of Agriculture (USDA)

USDA loans are made to businesses located in specific rural areas on Oahu and to businesses on the neighbor islands. These loans include:

  • USDA Business & Industrial Guaranty Loan Program: This program is designed to provide loans to businesses located in rural areas (as defined by the USDA). USDA guarantees up to 80% of loans of $5 million or less; 70% of loans of $5 million to $10 million; or 60% of loans of $10 million to $25 million. Loan maturities are usually 7 years for working capital, 15 years for machinery and equipment, and 30 years for land, building and permanent fixtures.
  • USDA Community Facilities Guaranty Loan Program: This program is designed to provide loans to a municipality, special-purpose district, or nonprofit corporation for the development of public safety facilities (i.e. police station), public healthcare facilities (i.e. hospitals), or public service facilities (i.e. schools).
  • USDA Farm Service Agency: This program is designed to assist family farm owners and ranchers who do not qualify for standard commercial loans or when credit is not available without a guarantee. It provides credit at reasonable terms to finance current operations or to expand business. USDA-FSA will guaranty 90% of loans up to $1,302,000.

State of Hawaii Agricultural Loan Program

This program promotes the agricultural development of the state by making more credit available to qualified farmers, partnerships, corporations and agricultural cooperatives. The State Department of Agriculture operates a revolving fund that can be used to supplement private and federal funds or, when necessary, make direct or guaranteed loans.

More Details

Small Business Administration

The SBA is a federal agency providing financial assistance to small businesses requiring longer repayment terms. SBA loans are used to finance the construction or modernization of facilities, purchase machinery or equipment, or increase permanent working capital. If eligible under SBA guidelines, the loans can also be used to refinance existing debt. The SBA guarantees up to 85% of the financing.

Types of SBA loans include:

  • SBA 7(a): The basic program for loans up to $5,000,000. Maturities of up to 10 years for working capital loans. There are discounts available for veteran-owned businesses.
  • SBA PLP: Hawaii National Bank is an authorized SBA 7(a) PLP (Preferred Lenders Program) Lender. Under the PLP designation, Hawaii National Bank enjoys the full delegation of lending authority. Not every bank in Hawaii has the PLP designation.
  • SBA 7(a) CAPLine: A specialized loan program designed to assist small businesses with meeting their short-term cyclical working capital needs.
  • SBA Express: A program to facilitate small business loans or lines of credit up to $350,000. SBA guarantees up to 50% of the loan amount. Maturities are usually 5-7 years for term loans. There are discounts available for veteran-owned businesses.
  • SBA Loan Advantage: A program to facilitate small business loans up to $250,000. SBA guarantees up to 85% for loans up to $150,000 and 75% for loans between $150,001 and $250,000.
  • SBA 504: A specialized program to provide long-term financing for the acquisition of fixed assets (owner-occupied commercial property, heavy machinery/equipment, or commercial boats). Maturities range from 10-25 years based on the expected economic life of the fixed asset.
  • SBA Export Express Loan Program: Provides pre- and post-export working capital financing for export sales. SBA guarantees 90% for loans up to $350,000 and 75% for loans between $350,001 and $500,000.
  • SBA International Trade and Export Working Capital: A program for businesses involved in international trade or exporting for loans up to $5,000,000 with a SBA guaranty up to 90%.

U.S. Department of Agriculture (USDA)

USDA loans are made to businesses located in specific rural areas on Oahu and to businesses on the neighbor islands. These loans include:

  • USDA Business & Industrial Guaranty Loan Program: This program is designed to provide loans to businesses located in rural areas (as defined by the USDA). USDA guarantees up to 80% of loans of $5 million or less; 70% of loans of $5 million to $10 million; or 60% of loans of $10 million to $25 million. Loan maturities are usually 7 years for working capital, 15 years for machinery and equipment, and 30 years for land, building and permanent fixtures.
  • USDA Community Facilities Guaranty Loan Program: This program is designed to provide loans to a municipality, special-purpose district, or nonprofit corporation for the development of public safety facilities (i.e. police station), public healthcare facilities (i.e. hospitals), or public service facilities (i.e. schools).
  • USDA Farm Service Agency: This program is designed to assist family farm owners and ranchers who do not qualify for standard commercial loans or when credit is not available without a guarantee. It provides credit at reasonable terms to finance current operations or to expand business. USDA-FSA will guaranty 90% of loans up to $1,302,000.

State of Hawaii Agricultural Loan Program

This program promotes the agricultural development of the state by making more credit available to qualified farmers, partnerships, corporations and agricultural cooperatives. The State Department of Agriculture operates a revolving fund that can be used to supplement private and federal funds or, when necessary, make direct or guaranteed loans.

More Details

Let's Get Started

  • To apply for a loan or line of credit, stop by any branch.

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  • Questions? We're here to help online or over the phone.

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Personal Financial Statement

Start the loan process with this easy-to-use financial overview to help determine what loan will fit you best. To download the overview, click here.

Important Information About Legal Entity Accounts

Effective May 11, 2018, all U.S. financial institutions will be subject to new federal rules under the Bank Secrecy Act that is intended to enhance the safety of the country’s financial system and combat financial crimes. This will change the requirements for opening or modifying banking accounts and services for covered legal entities. Please click here for a detailed FAQ document that discusses the new requirements and how they may affect you. To view the Beneficial Ownership Certification Form, click here.