Loan to Buy Oogles-N-Googles Franchise Issued By Bank Of Hawaii
Need a loan to purchase an Oogles-N-Googles franchise? Bank Of Hawaii has a history of making these loans and they are guaranteed by the SBA.
Oogles-N-Googles franchise loans are available to Kaneohe (census Name For Mokap, Hawaii entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of Hawaii, based in Honolulu, Hawaii, issued an SBA franchise loan for an Oogles-N-Googles franchise in 2005. We've got all the details on this Hawaii small business loan.
SBA Loan Borrower
OOGLES-N-GOOGLES
KANEOHE (CENSUS NAME FOR MOKAP, HI 96744
SBA Loan Lender
BANK OF HAWAII
130 MERCHANT ST
HONOLULU, HI 96813
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
711320 - Performing Arts, Sports, and Similar Events Promotion
Loan Approval Date
6/20/2005
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Oogles-N-Googles franchise. At the time of the loan, the company
had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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:
Oogles n Googles
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Small Bank Loans in Honolulu, Hawaii
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