Hawaii Small Businesses: Five Fast Facts
March 25, 2024
Delaney Sexton
Contributing Editor
Hawaii Small Businesses: Five Fast Facts
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- There were 133,993 small businesses in Hawaii during 2023.
- New loans of $1 million or less reached $1.9 billion in 2021.
- There was $693.3 million in new loans of $100,000 or less.
- Businesses with revenues of $1 million or less received $467.7 million in new loans in 2021.
- More than half of all small businesses were owned by racial minorities, and 46.4% were owned by women.
Source:
SBA Office of Advocacy 2023 Hawaii Small Business Profile