Hawaii National Bank SBA Loan to Eating Places Company
Want a Hawaii business loan? Here's one Hawaii business loan that was approved by the SBA.
This up and coming company knew how to go about getting a business bank loan. Based in Honolulu, Hawaii, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Hawaii National Bank, based in Honolulu, Hawaii.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
HONOLULU, HI 96813
SBA Loan Lender
HAWAII NATIONAL BANK
45 N KING ST
HONOLULU, HI 96817
This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
8/16/2000
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $48,000.
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 2 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Hawaii National Bank 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:
Obtaining Funding - How to Borrow Money
Small Bank Loans in Honolulu, Hawaii
Hawaii SBA Bank Lenders