Bank Loans for Sports and Recreation Instruction
Looking for bank loans for sports and recreation instruction? An SBA loan may be just what you've been looking for. This $25,000 sports and recreation instruction loan was issued by a Hawaii bank.
This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Central Pacific Bank, out of Honolulu, Hawaii. The loan was granted and they received $25,000 to help grow their Kamuela (census Name Waimea), Hawaii business.
SBA Loan Borrower
COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION
KAMUELA (CENSUS NAME WAIMEA), HI 96743
SBA Loan Lender
CENTRAL PACIFIC BANK
220 S KING ST
HONOLULU, HI 96813
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
611620 - Sports and Recreation Instruction
Loan Approval Date
6/10/2005
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 6 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 6 existing jobs.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Central Pacific Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Debt Financing
Banks in Honolulu, Hawaii
SBA Hawaii Banks