Supermarkets and Grocery Stores Business Loans

Looking for business loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $250,000 supermarkets and grocery stores loan was issued by a Hawaii bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hilo, Hawaii was able to borrow $250,000 from First Hawaiian Bank. The SBA made the loan possible by guaranteeing $187,500 of this Hawaii small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
HILO, HI 96720

SBA Loan Lender

FIRST HAWAIIAN BANK
1205 KILAUEA AVE
HILO, HI 96720

This lender issued this commercial loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

8/25/2000

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 35 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company 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.

Related Links:

Business Line of Credit

Who Lends Money to Small Businesses in Hilo, Hawaii

SBA Hawaii Lenders