SBA 504 Loans in Hawaii
Browse 6 lenders offering sba 504 loans in Hawaii. Compare rates, requirements, and loan programs — then connect directly.
SBA 504 Lenders in Hawaii
6 lenders offering sba 504 loans to borrowers in Hawaii.
Live Oak Banking Company
WILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
Readycap Lending, LLC
BERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Cadence Bank
TUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
CDC Small Business Finance Corp.
San Diego, CA
HEDCO Local Development Corporation
Honolulu, HI
About SBA 504 Loans in Hawaii
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In Hawaii, 6 lenders currently offer SBA 504 financing with loan amounts from $125K to $17M and rates typically ranging from Below market (CDC portion ~5-6%).
Hawaii Market Overview
Hawaii's economy is heavily driven by tourism and military spending, with limited land availability creating some of the highest commercial property values in the nation. The state's geographic isolation impacts construction costs and supply chains.
Hawaii's leasehold land system, where many commercial properties sit on long-term ground leases rather than fee-simple ownership, is a critical factor in CRE valuation and financing. The state's Land Use Commission tightly controls zoning changes, and only about 5% of land is zoned for urban use, creating persistent supply constraints. Construction costs in Hawaii typically run 30% to 50% above the national average due to shipping requirements for materials, making renovation and adaptive reuse often more economical than new development.
Who Should Consider SBA 504 Loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
Key Requirements
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Pros and Cons
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
SBA 504 Loans FAQ
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
SBA 504 Loans by City in Hawaii
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