American Savings Bank, Fsb Provides SBA Loan to Buy Servistar Corp. Franchise

Need a loan to purchase a Servistar Corp. franchise? American Savings Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Kamuela, Hawaii needed money to invest in a Servistar Corp. franchise back in 2005. American Savings Bank, Fsb issued an SBA franchise loan. Here are the details on this Hawaii small business loan.

SBA Loan Borrower

SERVICE PROFESSIONALS INC
KAMUELA, HI 96743

SBA Loan Lender

AMERICAN SAVINGS BANK, FSB
915 FORT STREET MALL, FINANCI
HONOLULU, HI 96813

This lender issued this particular small business 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.

NAICS Code

236118 - Residential Remodelers

Loan Approval Date

6/22/2005

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Servistar Corp. franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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 American Savings Bank, Fsb 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:

Small Business Loan

SBA Approved Banks in Honolulu, Hawaii

Hawaii SBA Banks