First Hawaiian Bank is a leading financial institution in Hawaii, known for its comprehensive range of business loan products tailored to meet the unique needs of local businesses. With a deep understanding of the Hawaiian market, they offer flexible loan options, competitive interest rates, and personalized service. Their commitment to helping businesses grow and succeed makes them a preferred choice among entrepreneurs in the region.
| IncBook: First Hawaiian Bank Business Loans | |||||
|---|---|---|---|---|---|
| Loan Product | Interest Rates | Loan Amount | Time to Apply | Approval Tips | Additional Features |
| Business FirstTerm Loan | Varies based on loan amount and creditworthiness | $2,500 – $250,000 | 2-4 weeks | Maintain strong credit and secure collateral for better rates | No loan fee for amounts under $75,000; interest-only payment options available |
| SBA 7(a) Loans | Competitive rates as per SBA guidelines | Up to $5 million | 4-6 weeks | Prepare detailed business plan and financial statements | Lower down payments and longer terms |
| Business Line of Credit | Varies, typically variable rates | Up to $250,000 | 1-2 weeks | Keep business financials up to date and monitor credit usage | Interest is only charged on the amount used |
| Commercial Real Estate Loans | Fixed or variable rates available | Customizable based on project size | 4-8 weeks | Provide detailed property appraisals and financial projections | Longer repayment terms available |
First Hawaiian Bank, established in 1858, stands as Hawaii’s oldest and largest financial institution. Over more than a century and a half, the bank has played a vital role in shaping Hawaii’s economy and serving its communities. Its history is a testament to innovation, resilience, and deep-rooted commitment to the islands and beyond.
Founding and Early Years
- 1858: Founded by Charles Reed Bishop and William A. Aldrich as Bishop & Co. in Honolulu.
- Originally established to serve the financial needs of Hawaii’s growing economy during the monarchy period.
- Early Expansion: The bank quickly became integral to Hawaii’s financial infrastructure, helping local businesses and supporting agricultural development, particularly in the sugar industry.
Growth and Innovation
- First Hawaiian Bank: In 1919, the bank was rebranded as First National Bank of Hawaii, reflecting its expanded role and services.
- Technological Firsts:
- Introduced the first ATM network in Hawaii, making banking more accessible.
- Pioneered online banking services, setting the standard for modern banking in the region.
- Pacific Expansion:
- Expanded into Guam, Saipan, and other Pacific locations, extending its influence and services across the region.
Community Engagement
- Philanthropy: The bank has a long history of supporting local communities through various philanthropic efforts, including education, healthcare, and cultural preservation.
- Sustainability: Committed to environmentally sustainable practices, First Hawaiian Bank integrates green initiatives into its operations and investments.
Navigating Economic Challenges
- Great Depression: Weathered the economic downturn by maintaining strong customer relationships and prudent financial management.
- Post-War Boom: Supported Hawaii’s post-World War II economic boom, providing loans and financial services that fueled growth in tourism, construction, and retail sectors.
Modern Era and Technological Advancements
- Digital Transformation:
- Launched comprehensive online and mobile banking platforms, ensuring customers have access to their accounts anytime, anywhere.
- Implemented state-of-the-art security measures to protect customer data in the digital age.
- Customer-Centric Approach:
- Continues to offer personalized banking solutions, catering to the unique needs of businesses and individuals in Hawaii and the Pacific.
Cultural and Economic Impact
- Cultural Preservation: Plays a role in preserving Hawaiian culture through sponsorships and support for local arts and heritage organizations.
- Economic Leadership:
- As a key player in the local economy, the bank supports small businesses, real estate development, and infrastructure projects that drive Hawaii’s growth.
First Hawaiian Bank’s legacy is built on a foundation of trust, innovation, and community commitment. As it continues to evolve with the times, the bank remains dedicated to serving the people of Hawaii and the Pacific, just as it has for over 160 years. With its rich history and forward-looking approach, First Hawaiian Bank is poised to continue being a pillar of the community and a leader in the financial industry for generations to come.
Important Links
Business Loans
https://www.fhb.com/en/business/loans
Explore a variety of business loan options offered by First Hawaiian Bank, including term loans, SBA loans, and lines of credit tailored to meet the financial needs of businesses in Hawaii.
Business Checking Accounts
https://www.fhb.com/en/business/checking
First Hawaiian Bank offers a range of business checking accounts designed to help manage your business’s day-to-day finances with ease and convenience.
Business Credit Cards
https://www.fhb.com/en/business/credit-cards
Choose from a selection of business credit cards that provide rewards, cashback, and other benefits to help manage and grow your business expenses effectively.
Commercial Real Estate Loans
https://www.fhb.com/en/business/commercial-real-estate-loans
Learn about financing options for purchasing, refinancing, or expanding commercial real estate properties with competitive rates and flexible terms.
Business Online and Mobile Banking
https://www.fhb.com/en/business/online-and-mobile-banking
Access your business accounts on the go with First Hawaiian Bank’s secure online and mobile banking services, designed to provide convenience and control over your finances.
