SBA Loans
Helping Your Small Business Succeed

You have a small business, but have big plans for it. American Savings Bank wants to see you succeed, and we are ready to assist you with a small business loan. Recognized as one of the leading Small Business Administration (SBA) lenders in Hawaii, we have the experience and flexibility to help you obtain the SBA financing you need. Whether you are purchasing equipment, upgrading facilities, or expanding your business, our banking experts can help you qualify for the SBA program that’s right for you.

	Highlights Below > Benefits Your Business Will Receive > Fast Facts > SBA Loan Options

Benefits Your Business Will Receive

• Loans of up to $1,000,000 guaranteed by the SBA
• Simplified loan approval processing
• Lower down payment requirements
• Projected income consideration
• Flexible terms and interest rates
• A wide range of programs to choose from
• Access to account information through AccountAbilitySM bank-by-phone service

	Fast Facts
	Loan Requirement Loan proceeds need to go toward creating/retaining jobs
	Maximum Loan Amount Up to $1,000,000 guaranteed by the SBA.
	Loan Terms Depend on the purpose of the loan1

1. For example, term loans may be up to five to 10 years for working capital and up to 25 years for fixed assets such as equipment or real estate.

SBA Loan Options

SBA 7(a) Loan Guarantee Program
This program is ideal for start-ups as well as established small businesses. The SBA may guarantee up to $750,000 per borrower, although loans can be for any amount. Because the SBA partially guarantees SBA 7(a) Loans, the terms are very flexible compared to other conventional loans. You can use this loan for:

• Providing working capital
• Purchasing new machinery, equipment, fixtures, or for improvements
• Purchasing or constructing a building
• Expanding or renovating an existing building

SBA Express
SBA Express streamlines processing and reduces the cost of smaller, less complex SBA loans.

• Maximum loan amount is $200,000
• 50% of loan is guaranteed by SBA
• Local underwriting - American Savings Bank will underwrite the loan or line of credit

CAPlines
This is the umbrella program under which American Savings Bank and the SBA help small businesses meet their short-term and cyclical working capital needs with a line of credit. Additional requirements apply depending on the type of line of credit desired.

504 Certified Development Company (CDC) Program

If your small business will help create jobs, this program may suit your needs. Under this program, your company would get long-term fixed-rate financing for major fixed assets, such as owner-occupied land and buildings or heavy manufacturing equipment. This is how it works:

• American Savings bank finances up to 50% of the project and takes a senior lien
• The CDC finances up to 40% and takes a junior lien
• Your company finances the remaining 10%