HAWAII NATIONAL BANK

HAWAII NATIONAL 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 1,293 PPP loans totaling $148.1M, representing approximately 0.01% of all loans nationwide.

HAWAII NATIONAL BANK served borrowers across 11 states. The largest concentration of activity was in Hawaii, where the lender originated 1,270 loans totaling $143.4M. Other states with significant activity included California, Oregon, Utah.

The average loan size for this lender was $114,512. 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 HAWAII NATIONAL BANK were: WASA ELECTRICAL SERVICES INC. (HI) — $4,558,300; HAWAII FIVE STARS INC. (HI) — $1,900,000; HAWAII FIVE STARS, INC. (HI) — $1,755,200; and HAWAII UNIFIED INDUSTRIES, LLC (HI) — $1,524,400.

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.