Honolulu, Hawaii Bank Lends Money to Supermarkets And Grocery Stores Company in Honolulu, Hawaii

A Honolulu, Hawaii small business loan can be yours. Learn how a business got a $60,600 business loan from this Hawaii bank.

This loan to a local firm is a good example of an SBA loan. Hawaii National Bank made the loan and the SBA guaranteed a portion of the loan. Many other Hawaii entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
HONOLULU, HI 96817

SBA Loan Lender

HAWAII NATIONAL BANK
45 N KING ST
HONOLULU, HI 96817

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

1/15/2004

Loan Approval Gross Amount

$60,600

Loan Approval from the SBA

Of the total $60,600 loan amount, the SBA guaranteed $51,510.

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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job.

Start the Process for Getting an SBA Loan Today!

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Hawaii National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Hawaii National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Incubators

Small Business Banks in Honolulu, Hawaii

Hawaii SBA Bank Lenders