 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Hawaii Business Loan Sources > Honolulu, Business Loans > First Hawaiian Bank Honolulu Business Loans > Human Resources Consulting Services Loan | ||||
 |
||||
First Hawaiian Bank
|
||||
 |
Honolulu, Hawaii Business Gets SBA-Guaranteed Funding from First Hawaiian BankFirst Hawaiian Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Hawaii entrepreneur was able to get a loan to take a small business to the next level. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Hawaiian Bank, out of Honolulu, Hawaii. The loan was granted and they received $25,000 to help grow their Honolulu, Hawaii business. SBA Loan Borrower COMPANY TYPE: HUMAN RESOURCES CONSULTING SERVICES SBA Loan Lender FIRST HAWAIIAN BANK This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541612 - Human Resources Consulting Services Loan Approval Date 7/19/2002 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 First Hawaiian Bank 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: Small Bank Loans in Honolulu, Hawaii
|
|
||
|
||||
|
|
||||