Central Pacific Bank SBA Loan to Amusement And Recreation Services Company
Looking to get a Hawaii small business loan? Here's one Hawaii business loan that was approved by the SBA.
This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Central Pacific Bank, out of Honolulu, Hawaii. The loan was granted and they received $60,000 to help grow their Kailua-Kona, Hawaii business.
SBA Loan Borrower
COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
KAILUA-KONA, HI 96740
SBA Loan Lender
CENTRAL PACIFIC BANK
220 S KING ST
HONOLULU, HI 96813
This lender issued this particular commercial loan 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.
SIC Code
7999 - Amusement and Recreation Services
Loan Approval Date
7/27/2000
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $48,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.
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.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $60,000 loan. Remember, things become real when you believe you can achieve them!
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:
SBIR Funding
SBA 7A Lenders in Honolulu, Hawaii
Hawaii SBA 7A Lenders