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November 15, 2024 |
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| Home > Small Business Lenders by State > Hawaii Business Loan Sources > Honolulu, Business Loans > First Hawaiian Bank Honolulu Business Loans > Full-Service Restaurants Loan | ||||
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SBA Lenders in Hawaii
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Honolulu, Hawaii Business Gets SBA-Guaranteed Funding from First Hawaiian BankFirst Hawaiian Bank has a track record as a leading provider of SBA loans. Find out how this Hawaii entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Honolulu, Hawaii, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First Hawaiian Bank, based in Honolulu, Hawaii. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender FIRST HAWAIIAN BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 7/2/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 22 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Hawaiian Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Who Lends Money to Small Businesses in Honolulu, Hawaii
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