Loan Census Banking News and Information
November 15, 2024  
 
 
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Hawaii Small Business Funding

 

 
Loan Census SBA Loan Info

Carpentry Contractors Small Business Loans

With these small business loans for carpentry contractors, the SBA guarantees the lender that the loan will be repaid. This carpentry contractors loan for $50,000 was given to a Hawaii entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hilo, Hawaii was able to borrow $50,000 from First Hawaiian Bank. The SBA made the loan possible by guaranteeing $25,000 of this Hawaii small business loan.

SBA Loan Borrower

COMPANY TYPE: CARPENTRY CONTRACTORS
HILO, HI 96720

SBA Loan Lender

FIRST HAWAIIAN BANK
999 BISHOP ST, 29TH FL
HONOLULU, HI 96813

This 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

235510 - Carpentry Contractors

Loan Approval Date

11/7/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Hilo HI, you ought to talk with a local Hilo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hilo businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Hawaiian Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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