Honolulu Federal Credit Union
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Honolulu Federal Credit Union · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 2 | $100K | $50K | 4.2% |
| 487210 | Scenic and Sightseeing Transportation, Water | 2 | $70K | $35K | 4.2% |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 2 | $100K | $50K | 4.2% |
| 238310 | Drywall and Insulation Contractors | 2 | $50K | $25K | 4.2% |
| 541211 | Offices of Certified Public Accountants | 2 | $100K | $50K | 4.2% |
| 812113 | Nail Salons | 2 | $100K | $50K | 4.2% |
| 561730 | Landscaping Services | 2 | $100K | $50K | 4.2% |
| 811411 | Home and Garden Equipment Repair and Maintenance | 2 | $100K | $50K | 4.2% |
| 812112 | Beauty Salons | 1 | $45K | $45K | 2.1% |
| 531390 | Other Activities Related to Real Estate | 1 | $50K | $50K | 2.1% |
Geographic Distribution
SBA lending activity for Honolulu Federal Credit Union by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Hawaii (HI) | 47 | $2.1M | 97.9% |
| Oregon (OR) | 1 | $50K | 2.1% |
Why Choose Honolulu Federal Credit Union?
Based on SBA 7(a) lending track record from 2008-2012
- ✓Proven Track Record: 48 SBA loans approved, totaling $2.1M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Scenic and Sightseeing Transportation, Water, Offices of All Other Miscellaneous Health Practitioners
- ✓Competitive Terms: Average interest rate of 6.31% with flexible term lengths averaging 103 months
- ✓Loan Range: Loan sizes from $15K to $50K, with an average of $45K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in HI, OR
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Honolulu Federal Credit Union SBA lending
What types of businesses does Honolulu Federal Credit Union typically finance?
Honolulu Federal Credit Union specializes in SBA 7(a) lending to specific industries including offices of chiropractors, scenic and sightseeing transportation, water, offices of all other miscellaneous health practitioners, drywall and insulation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Honolulu Federal Credit Union's typical SBA loan terms?
Honolulu Federal Credit Union's SBA 7(a) loans typically feature an average interest rate of 6.31% and average term length of 103 months (approximately 9 years). Loan sizes range from $15K to $50K, with an average loan size of $45K.
Do I need a business valuation for a Honolulu Federal Credit Union SBA loan?
Yes, Honolulu Federal Credit Union typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Honolulu Federal Credit Union compare to other SBA lenders?
Honolulu Federal Credit Union has originated 48 SBA loans totaling $2.1M since 2008. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Honolulu Federal Credit Union lend in?
Honolulu Federal Credit Union provides SBA 7(a) financing with particularly strong presence in HI, OR. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.