Loans for Limited-Service Restaurants
Looking for loans for limited-service restaurants? An SBA loan may be just what you've been looking for. This $125,000 limited-service restaurants loan was issued by a Hawaii bank.
This company knew how to go about getting a business bank loan. Based in Honokaa, Hawaii, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Ka'U Fcu, based in Naalehu, Hawaii.
SBA Loan Borrower
COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
HONOKAA, HI 96727
SBA Loan Lender
KA'U FCU
95-5664 MAMALAHOA HWY
NAALEHU, HI 96772
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
9/19/2001
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $106,250.
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 40 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Ka'U Fcu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Realistic Debt Financing Options
SBA Banks in Naalehu, Hawaii
SBA Lenders in Hawaii