Commercial Loans for Retail Bakeries

Looking for commercial loans for retail bakeries? Talk to a banker who works with the SBA. This $199,800 retail bakeries loan was issued by a Hawaii bank.

This small business knew how to go about getting a business bank loan. Based in Barrigada, , they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of Hawaii, based in Honolulu, Hawaii.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
BARRIGADA, GU 96921

SBA Loan Lender

BANK OF HAWAII
130 MERCHANT ST
HONOLULU, HI 96813

This SBA small business loan 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

311811 - Retail Bakeries

Loan Approval Date

10/4/2004

Loan Approval Gross Amount

$199,800

Loan Approval from the SBA

Of the total $199,800 loan amount, the SBA guaranteed $99,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 9 new jobs and retain 10 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Hawaii had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Hawaii made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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