Hawaii Business Loan Issued to Crop Farming Company

Would a Hawaii bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Hawaii bank, which offers SBA loans to Hawaii entrepreneurs.

This small business, based in Holualoa, Hawaii, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of Hawaii. We've got the inside scoop on this Hawaii small business loan.

SBA Loan Borrower

COMPANY TYPE: CROP FARMING
HOLUALOA, HI 96725

SBA Loan Lender

BANK OF HAWAII
75-5595 PALANI RD, CT2
KAILUA KONA, HI 96740

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

111998 - Crop Farming

Loan Approval Date

1/18/2001

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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

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