Entrepreneur Works With Honolulu, Hawaii Bank to Get an SBA Loan
A Honolulu, Hawaii business loan can be yours. Learn how a company got a $350,000 business loan from this Hawaii bank.
This loan to a local firm is a good example of an SBA loan. First Hawaiian Bank made the loan and the SBA guaranteed a portion of the loan. Many other Hawaii entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: EXAM PREPARATION AND TUTORING
AIEA, HI 96701
SBA Loan Lender
FIRST HAWAIIAN BANK
999 BISHOP ST, 29TH FL
HONOLULU, HI 96813
This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
611691 - Exam Preparation and Tutoring
Loan Approval Date
10/13/2005
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $175,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 100 employees. This SBA loan request indicated that the loan would help generate 75 new jobs and retain 100 existing jobs.
Getting an SBA Loan For Your Business
If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Hawaiian Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
Related Links:
How Equity Dilution Works
SBA Participating Banks in Honolulu, Hawaii
Hawaii SBA Bank Lenders