Loan to Buy Woody's Hog Dogs Franchise Issued By Central Pacific Bank

Need a loan to purchase a Woody's Hog Dogs franchise? Central Pacific Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Woody's Hog Dogs franchise? If so, here's a 2002 SBA franchise loan that you should know about. Central Pacific Bank was the lender and the entrepreneur was based in Honolulu, Hawaii.

SBA Loan Borrower

WOODY'S HOT DOGS/WOODY'S EXPRE
HONOLULU, HI 96797

SBA Loan Lender

CENTRAL PACIFIC BANK
94-210 PUPUKAHI ST
WAIPAHU, HI 96797

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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.

NAICS Code

722330 - Mobile Food Services

Loan Approval Date

2/26/2002

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Woody's Hog Dogs franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $55,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Choosing VC Firms

SBA Approved Banks in Waipahu, Hawaii

Find an SBA Lender in Hawaii