GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
541
2010–2026
Total Volume
$335M
Gross loan amounts
States Active
2
With recorded loans
Programs
504
541 total segments
HEDCO is a 504-only lender, which means they focus exclusively on long-term financing for real estate and equipment. This is a strong fit for established businesses looking to expand or invest in property.
With an average deal size of $620,072, HEDCO is well-suited for businesses needing significant capital, particularly in the $150K-$1M range where they have completed 163 deals.
HEDCO's focus on existing businesses (97% of their deals) indicates they are not geared towards startups. If you're a new business, you may want to consider other lenders.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 541 504 loans, which use fixed SBA debenture rates.
States where HEDCO Local Development Corpor has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Specialty Trade Contractors
Construction
Physician & Dental Offices
Health Care & Social Assistance
Wholesale Trade
Wholesale Trade
Restaurants & Food Service
Accommodation & Food Services
Auto Repair & Maintenance
Other Services
Manufacturing
Manufacturing
Other Health Practitioners
Health Care & Social Assistance
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for HEDCO Local Development Corpor, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Hawaii · Specialty Trade Contractors · $150K – $350K | 504 | 27 | — | $230K | Q3 2025 |
| Hawaii · Specialty Trade Contractors · $500K – $1M | 504 | 27 | — | $685K | Q3 2025 |
| Hawaii · Other Health Practitioners · $150K – $350K | 504 | 15 | — | $224K | Q4 2024 |
| Hawaii · Physician & Dental Offices · $150K – $350K | 504 | 15 | — | $253K | Q3 2024 |
| Hawaii · Specialty Trade Contractors · $350K – $500K | 504 | 12 | — | $440K | Q2 2024 |
| Hawaii · Auto Repair & Maintenance · $150K – $350K | 504 | 11 | — | $255K | Q3 2025 |
| Hawaii · Physician & Dental Offices · $500K – $1M | 504 | 10 | — | $780K | Q3 2025 |
| Hawaii · Restaurants & Food Service · $500K – $1M | 504 | 10 | — | $837K | Q3 2025 |
| Hawaii · Wholesale Trade · $500K – $1M | 504 | 10 | — | $739K | Q3 2023 |
| Hawaii · Restaurants & Food Service · $150K – $350K | 504 | 9 | — | $243K | Q1 2021 |
| Hawaii · Auto Repair & Maintenance · $350K – $500K | 504 | 8 | — | $431K | Q2 2023 |
| Hawaii · Manufacturing · $150K – $350K | 504 | 8 | — | $207K | Q1 2021 |
| Hawaii · Wholesale Trade · $350K – $500K | 504 | 8 | — | $420K | Q3 2022 |
| Hawaii · Physician & Dental Offices · Under $150K | 504 | 8 | — | $116K | Q3 2017 |
| Hawaii · Building Construction · $150K – $350K | 504 | 7 | — | $240K | Q1 2020 |
| Hawaii · Specialty Trade Contractors · Under $150K | 504 | 7 | — | $118K | Q3 2018 |
| Hawaii · Physician & Dental Offices · $350K – $500K | 504 | 7 | — | $420K | Q2 2015 |
| Hawaii · Restaurants & Food Service · Under $150K | 504 | 7 | — | $108K | Q3 2019 |
| Hawaii · Wholesale Trade · $150K – $350K | 504 | 7 | — | $245K | Q3 2019 |
| Hawaii · Building Construction · $350K – $500K | 504 | 7 | — | $417K | Q2 2021 |
| Hawaii · Auto Repair & Maintenance · $500K – $1M | 504 | 7 | — | $664K | Q4 2022 |
| Hawaii · Restaurants & Food Service · $350K – $500K | 504 | 6 | — | $429K | Q3 2013 |
| Hawaii · Retail Trade · $1M – $2M | 504 | 6 | — | $1.4M | Q2 2023 |
| Hawaii · Engineering & Architecture · $150K – $350K | 504 | 6 | — | $257K | Q4 2021 |
| Hawaii · Wholesale Trade · $1M – $2M | 504 | 6 | — | $1.4M | Q3 2019 |
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Real experiences from borrowers who closed SBA loans with HEDCO Local Development Corpor.
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