Feasibility Study Data for the Kahului-Wailuku, HI Metro Area

The Kahului-Wailuku record in brief

For Kahului-Wailuku, SBA's files carry 286 approved loans from FY2017 to FY2026, worth $84.0 million of gross dollars. Kahului-Wailuku stands among all such areas nationwide, counted by loans, in position 250 of 928. Also, the middle half of Kahului-Wailuku loans spans $50,000 to $300,000, with a typical loan near $100,000, which is 0.48x the nationwide median. By program, Kahului-Wailuku shows 220 loans in 7(a) and 66 under 504. Franchised units took 3.5% of the record.

Kahului-Wailuku: where loans cluster

Inside the business classes we break out for Kahului-Wailuku, limited-service restaurant leads with 14 loans, then rehabilitation and therapy clinic (9) and full-service restaurant, 8 loans. Also 216 loans in Kahului-Wailuku sit outside every class. Every loan in Kahului-Wailuku falls in Maui County, HI, at 286 loans, so a study around Kahului-Wailuku a one-county exercise.

Kahului-Wailuku: institutions behind approvals

Names listed for Kahului-Wailuku appear in SBA's published Kahului-Wailuku records of the 286 guaranteed loans in Kahului-Wailuku, whoever holds or held them; those records show each file yet say nothing of lender practice. In the same files, for Kahului-Wailuku loans under 7(a), the biggest holders are Central Pacific Bank (108 loans, $6.0 million), followed by First Hawaiian Bank, holding 19 loans worth $1.5 million. In the 504 program near Maui County, HI, SBA names HEDCO Local Development Corporation, holding 55 loans worth $25.3 million. A borrower near Maui County, HI can ask the leading Kahului-Wailuku holder Central Pacific Bank or other Kahului-Wailuku holders near Maui County, HI which documents it requires, then build the Kahului-Wailuku study to meet those answers.

Kahului-Wailuku: outcomes and calendar

Among Kahului-Wailuku approvals from FY2017 through FY2024, at least 11.2% ended in cancellation after approval in Kahului-Wailuku, which is a floor; the full Kahului-Wailuku share can only be higher. Among disbursed Kahului-Wailuku loans approved from FY2017 through FY2021, 5.4% stand charged off so far, a floor. Further, the within-five-years rate for Kahului-Wailuku is held back for lack of loans, so it stays blank, not zero. Beyond that, in the yearly line, Kahului-Wailuku hit its high in FY2018 at 49 loans and $16.1 million, and was weakest in FY2019 at 17 loans and $3.3 million.

Kahului-Wailuku: what a study proves

Around Maui County, HI, demand comes first: who lives in Maui County, HI, who visits from nearby, set against Kahului-Wailuku overall, and how much room 14 limited-service restaurant loans leave. Budget: $100,000 is the Kahului-Wailuku median and $50,000 to $300,000 the central range, so a Maui County, HI site should cost itself against that $100,000 midpoint. Repayment: Kahului-Wailuku coverage withstands a weak year against the 11.2% rate of cancellation and 5.4% rate of charge-off. An appraisal in Kahului-Wailuku must back the worth the loan uses. Kahului-Wailuku uses the July 2023 map; an approval whose project county is not matched drops out of each area, Kahului-Wailuku no exception, and the totals include loans sitting outside the listed classes.