HEDCO

What HEDCO does

HEDCO Local Development Corporation is a nonprofit Certified Development Company (CDC) headquartered in Honolulu, Hawaii, founded in 1981. It is authorized by the U.S. Small Business Administration to deliver the SBA 504 loan program, providing long-term, fixed-rate financing to small businesses typically for owner-occupied commercial real estate and major equipment purchases. The SBA 504 structure pairs a CDC-originated, SBA-guaranteed debenture with a participating commercial bank first mortgage, making HEDCO the long-term junior-lien partner in each transaction. With a headcount in the 11-50 range, HEDCO operates as a community development financial institution focused on small-business lending in the Hawaii market.

The firm's revenue mechanics are tied to SBA 504 program economics: it earns origination and servicing fees on each closed loan, and as a nonprofit CDC it reinvests any surplus back into its lending mission rather than distributing profits. No product technology, proprietary platform features, or digital channels were disclosed in the available data, and the company's website (hedcoldc.com) was returning a verification/waiting screen at the time of capture, limiting visibility into current product surface, pricing, or pipeline. No funding rounds, investors, mergers, acquisitions, or leadership changes were reported.

Name

HEDCO

Website

https://hedcoldc.com

Company type

Private

Founded year

1981

Headcount range

11–50 employees

Short description

HEDCO Local Development Corporation is a Honolulu-based, SBA-certified nonprofit Certified Development Company that originates SBA 504 loans to support small business growth in Hawaii. Founded in 1981, it provides long-term, fixed-rate financing to small businesses, primarily for owner-occupied commercial real estate and equipment.

Ownership category

akta.pro rank

Product category

Small Business Lending (SBA 504 Certified Development Company)

NAICS

Administration of Urban Planning and Community and Rural Development (925120)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industries

Development Finance & Blended Finance Facilities (BPADAOAD), National/Regional Development Finance Institutions (DFIs) (FSABAKAB)

Keywords

• SBA 504 loans
• Small business lending
• Commercial real estate financing
• Certified development company
• Economic development financing

Headquarters

HQ city

Honolulu

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Core offering

HEDCO Local Development Corporation is a non-profit Certified Development Company (CDC) that originates SBA-certified 504 loans to support small business growth in Hawaii. Its core product is long-term, fixed-rate financing for owner-occupied commercial real estate acquisition, construction, and major equipment purchases, paired with a conventional bank loan for the balance of the project.

Differentiator

Problem solved

Functional benefit

Products and services

• SBA 504 Loan Program

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Regional players

• Hawaii Technology Development Corporation (HTDC): State of Hawaii development finance institution supporting local business growth, capital access, and innovation; comparable as a Hawaii-focused economic development and small-business financing organization.
• Maui Economic Opportunity (MEO) Business Development Center: Hawaii non-profit providing small business loans, microenterprise financing, and SBA counseling across the islands; comparable to HEDCO as an in-state, mission-driven SBA partner lender serving Hawaii small businesses.
• Council for Native Hawaiian Advancement (CNHA) - Business Development Center: Hawaii-based community development lender and SBA resource partner offering small business financing and capacity-building support; direct comparability with HEDCO given shared Hawaii market, SBA-aligned mission, and small business lending focus.
• Central Valley Community Development Corporation: California-based community development non-profit providing small business financing, SBA lending, and capacity building; comparable to HEDCO as a regional, non-profit CDC providing SBA 504 and small business loans.
• Pacific Gateway Inc. (formerly Pacific Capital): Hawaii-based non-profit CDFI offering SBA 504 loans and small business financing; near-direct peer to HEDCO given overlapping Hawaii market, identical SBA 504 CDC activity, and non-profit development finance model.

Emerging players

• RSF Social Finance: Non-profit CDFI providing loans, grants, and integrated capital to social enterprises and small businesses; adjacent to HEDCO given shared non-profit development-finance model and mission-driven lending orientation.
• Grameen America: Non-profit microfinance and small business lender serving underserved entrepreneurs; comparable to HEDCO in that it is a non-profit, mission-driven lender targeting small business growth in an underserved market.

Others

• National Association of Development Companies (NADCO): Trade association representing the SBA 504 CDC industry, providing training, certification support, and policy advocacy; relevant peer for understanding HEDCO's regulatory environment and CDC peer benchmarking.

Direct peers

• CDC Small Business Finance: One of the largest SBA 504 Certified Development Companies in the U.S., originating and packaging SBA 504 loans for small businesses; HEDCO operates the same SBA 504 CDC model, making this a direct functional peer at much larger scale.
• Accion Opportunity Fund (formerly CDC of California): Mission-driven small business lender providing SBA 504 and community development financing across the U.S.; comparable to HEDCO as a non-profit, SBA 504-issuing CDC with similar small business growth mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HEDCO