Bank Of Hawaii Provides SBA Loan to Buy U Build It Franchise

Borrowing money to purchase an U Build It franchise? Bank Of Hawaii has a history of making these loans and they are guaranteed by the SBA.

U Build It franchise loans are available to Honolulu, Hawaii entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of Hawaii, based in Honolulu, Hawaii, issued an SBA franchise loan for an U Build It franchise in 2006. We've got all the details on this Hawaii small business loan.

SBA Loan Borrower

UBUILDIT OAHU
HONOLULU, HI 96813

SBA Loan Lender

BANK OF HAWAII
130 MERCHANT ST
HONOLULU, HI 96813

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

541420 - Industrial Design Services

Loan Approval Date

7/12/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an U Build It franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Honolulu HI, you ought to talk with a local Honolulu SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Honolulu businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Hawaii 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:

UBuildIt

Debt Financing

SBA 7A Banks in Honolulu, Hawaii

SBA Hawaii Lenders