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November 15, 2024 |
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| Home > Small Business Lenders by State > Hawaii Business Loan Sources > Honolulu, Business Loans > American Savings Bank, Fsb Honolulu Business Loans > Durable Goods Merchant Wholesalers Loan | ||||
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What Does It Take to Get a Business Loan in Honolulu, Hawaii?
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Financing for Durable Goods Merchant WholesalersLooking for commercial loans for durable goods merchant wholesalers? Try the SBA. This $187,500 durable goods merchant wholesalers loan was issued by a Hawaii bank. This small business knew how to go about getting a business bank loan. Based in Honolulu, Hawaii, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was American Savings Bank, Fsb, based in Honolulu, Hawaii. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender AMERICAN SAVINGS BANK, FSB SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423990 - Durable Goods Merchant Wholesalers Loan Approval Date 12/21/2004 Loan Approval Gross Amount $187,500 Loan Approval from the SBA Of the total $187,500 loan amount, the SBA guaranteed $140,625. 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or need money for an existing business, an SBA loan can be a great funding source SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into American Savings Bank, Fsb and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Lenders in Honolulu, Hawaii
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