Bank Of Hawaii SBA Loan to Personal Services Company

Looking to get a Hawaii business loan? Here's one Hawaii business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Mililani, Hawaii, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Bank Of Hawaii, based in Aiea, Hawaii.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
MILILANI, HI 96789

SBA Loan Lender

BANK OF HAWAII
98-211 PALI MOMI ST, 2ND FLR
AIEA, HI 96701

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7299 - Personal Services

Loan Approval Date

4/18/2000

Loan Approval Gross Amount

$62,500

Loan Approval from the SBA

Of the total $62,500 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Obtaining Funding - How to Decide How Much to Raise

Where to Get an SBA Loan in Aiea, Hawaii

Getting an SBA Loan in Hawaii