Small Business Loans for Family Clothing Stores

Looking for small business loans for family clothing stores? Try the SBA. This $320,000 family clothing stores loan was issued by a Hawaii bank.

This company knew how to go about getting a business bank loan. Based in Hilo, Hawaii, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Hawaii National Bank, based in Honolulu, Hawaii.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
HILO, HI 96720

SBA Loan Lender

HAWAII NATIONAL BANK
45 N KING ST
HONOLULU, HI 96817

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

448140 - Family Clothing Stores

Loan Approval Date

3/30/2007

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $160,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 22 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 26 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Hawaii National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Hawaii National Bank 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.

Related Links:

Advice on Getting a Small Business Loan

Who Lends Money to Small Businesses in Honolulu, Hawaii

SBA Participating Banks in Hawaii