Hilo, HI Entrepreneur Gets SBA Loan to Buy Post Net Franchise

Borrowing money to buy a Post Net franchise? Bank Of Hawaii has a history of making these loans and they are guaranteed by the SBA.

Post Net franchise loans are available to Hilo, Hawaii entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of Hawaii, based in Honolulu, Hawaii, issued an SBA franchise loan for a Post Net franchise in 2002. We've got all the details on this Hawaii small business loan.

SBA Loan Borrower

POSTNET OF HILO
HILO, HI 96720

SBA Loan Lender

BANK OF HAWAII
130 MERCHANT ST
HONOLULU, HI 96813

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

9/19/2002

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Post Net franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

PostNet Postal & Business Services

Direct Public Offerings

SBA 7A Lenders in Honolulu, Hawaii

Hawaii SBA 7A Banks