Business Loan from First Hawaiian Bank Given to Schools And Instruction Company

First 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 small firm knew how to go about getting a business bank loan. Based in Honolulu, Hawaii, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was First Hawaiian Bank, based in Honolulu, Hawaii.

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND INSTRUCTION
HONOLULU, HI 96815

SBA Loan Lender

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

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

6/3/2002

Loan Approval Gross Amount

$55,500

Loan Approval from the SBA

Of the total $55,500 loan amount, the SBA guaranteed $47,175.

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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Hawaiian 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.

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