Hilo, Hawaii Business Gets SBA-Guaranteed Funding from Central Pacific Bank
An SBA loan from Central Pacific Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hilo, Hawaii business owner got a $35,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hilo, Hawaii was able to borrow $35,000 from Central Pacific Bank. The SBA made the loan possible by guaranteeing $29,750 of this Hawaii small business loan.
SBA Loan Borrower
COMPANY TYPE: ENVIRONMENTAL CONSULTING SERVICES
HILO, HI 96720
SBA Loan Lender
CENTRAL PACIFIC BANK
220 S KING ST
HONOLULU, HI 96813
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541620 - Environmental Consulting Services
Loan Approval Date
9/12/2006
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $29,750.
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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Hilo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
The Art of Bootstrapping
Banks in Honolulu, Hawaii
Hawaii SBA 7A Lenders