Honolulu, Hawaii Business Gets SBA-Guaranteed Funding from Comerica Bank

An SBA loan from Comerica Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Honolulu, Hawaii business owner got a $227,700 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Comerica Bank, out of Dallas, Texas. The loan was granted and they received $227,700 to help grow their Honolulu, Hawaii business.

SBA Loan Borrower

COMPANY TYPE: FRUIT AND VEGETABLE MARKETS
Honolulu, HI 96822

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445230 - Fruit and Vegetable Markets

Loan Approval Date

3/2/2007

Loan Approval Gross Amount

$227,700

Loan Approval from the SBA

Of the total $227,700 loan amount, the SBA guaranteed $170,775.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs.

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.

We can help you find the best banks for small businesses in Honolulu or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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