HONOLULU (HI Now) - Hawaii’s small business community recently took center stage as the U.S. Small Business Administration (SBA) announced its annual award winners. Highlighting the event were two local mainstays: Central Pacific Bank (CPB) and the historic Diamond Bakery, both of which were recognized for their enduring impact on the islands’ economy.
Central Pacific Bank: A 17-Time Champion
Central Pacific Bank has been a fixture in SBA lending in Hawaii. This year, the bank earned the SBA Lender of the Year (Category 2) award for the 17th time since 2004. Beyond the institutional win, CPB’s team achieved a gold medal sweep across individual categories, highlighting the expertise of its bankers.
“We take great pride in being a relationship building partner for the businesses that really are the heartbeat of our local economy,” said Susan Utsugi, Group Senior VP & Division Manager, Business Banking, Central Pacific Bank.
Diamond Bakery: Century-Old Innovation
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Butch Galdeira, representing the 100-year-old Diamond Bakery, was named Small Business Person of the Year for Oahu. For Galdeira, the award proves that longevity and modernization go hand-in-hand.
“It’s a reminder that even a century-old company can still innovate and find new levels of success,” said Galdeira.
He noted that the recognition validates the team’s daily efforts to keep their products a staple in homes throughout Hawaii and beyond.
The Power of Partnership and Capital
A recurring theme of the interview was the necessity of financial support to move a business forward. Galdeira described capital as the “lifeblood of growth,” providing the flexibility needed to modernize equipment or reach new markets.
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Utsugi noted that SBA loans are versatile tools that support a diverse range of clients, from tech startups to local mom and pop shops purchasing their first commercial spaces. Her goal is to ensure every entrepreneur knows they have a dedicated partner to help them navigate the complexities of financing.
Taking the Next Step
Butch Galdeira’s parting advice for fellow business owners was to be proactive about their financial health.
“Take the time to have the conversation. Having that capital option can be the difference between staying where you are and reaching that next level of success.”
For local entrepreneurs ready to expand, the award-winning team at Central Pacific Bank is ready to assist at any branch or via their website at cpb.bank.
Ready to see how Central Pacific Bank can help you reach your financial goals? We got you – visit cpb.bank today!
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