Hawaii Entrepreneur Secures Financing to Buy Pizza Time Franchise

Need a loan to purchase a Pizza Time franchise? First Hawaiian Bank has a history of making these loans and they are guaranteed by the SBA.

Pizza Time franchise loans are available to Honolulu, Hawaii entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Hawaiian Bank, based in Honolulu, Hawaii, issued an SBA franchise loan for a Pizza Time franchise in 2000. We've got all the details on this Hawaii small business loan.

SBA Loan Borrower

PIZZA TIME
HONOLULU, HI 96701

SBA Loan Lender

FIRST HAWAIIAN BANK
1314 S KING ST, 2ND FL
HONOLULU, HI 96814

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/20/2000

Loan Approval Gross Amount

$48,000

Loan Approval from the SBA

Of the total $48,000 loan amount, the SBA guaranteed $38,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Pizza Time franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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