FIRST HAWAIIAN BANK

FIRST HAWAIIAN BANK was one of the thousands of SBA-approved lenders that participated in the Paycheck Protection Program. During the program period (April 2020 – May 2021), the lender originated 10,044 PPP loans totaling $1.44B, representing approximately 0.09% of all loans nationwide.

FIRST HAWAIIAN BANK served borrowers across 21 states. The largest concentration of activity was in Hawaii, where the lender originated 8,466 loans totaling $1.23B. Other states with significant activity included Guam, Northern Mariana Islands, California.

The average loan size for this lender was $143,013. This figure reflects the mix of borrower types — large companies, small businesses, sole proprietors, and non-profits — that applied through this institution. Lenders were responsible for collecting and verifying borrower certifications and submitting loan applications to the SBA's E-Tran system.

Among the largest named borrowers that received loans through FIRST HAWAIIAN BANK were: FCH ENTERPRISES INC. (HI) — $10,000,000; RESORTTRUST HAWAII, LLC (HI) — $8,353,585; MCCABE, HAMILTON & RENNY CO., LTD. (HI) — $7,571,700; and THE REHABILITATION HOSPITAL OF THE PACIFIC (HI) — $5,549,120.

PPP lenders were compensated through processing fees paid by the SBA rather than by borrowers. Fees ranged from 1% to 5% of the loan amount depending on loan size. Lenders were not required to take credit risk — the SBA provided a 100% guaranty on each loan. This structure incentivized broad participation but also contributed to documented cases of lender fraud and over-processing of applications.

Borrower names for loans under $150,000 are withheld under FOIA Exemption 6. As a result, the named recipients shown below represent only a fraction of this lender's total portfolio. The full loan count and amount figures include all loans in the SBA's data regardless of disclosure status.