Commercial Loans for Construction Sand and Gravel Mining
Looking for commercial loans for construction sand and gravel mining? The SBA may be the answer. This $2,000,000 construction sand and gravel mining loan was issued by a Hawaii bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kapolei, Hawaii was able to borrow $2,000,000 from First Hawaiian Bank. The SBA made the loan possible by guaranteeing $695,800 of this Hawaii small business loan.
SBA Loan Borrower
COMPANY TYPE: CONSTRUCTION SAND AND GRAVEL MINING
KAPOLEI, HI 96707
SBA Loan Lender
FIRST HAWAIIAN BANK
98-1071 MOANALUA RD
AIEA, HI 96701
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
212321 - Construction Sand and Gravel Mining
Loan Approval Date
12/18/2001
Loan Approval Gross Amount
$2,000,000
Loan Approval from the SBA
Of the total $2,000,000 loan amount, the SBA guaranteed $695,800.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 12 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Hawaiian Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
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SBA Banks in Aiea, Hawaii
Hawaii SBA 7A Banks