Bank Of Hawaii Gives Business Loan to Disinfecting And Pest Control Services Company
Small business loans in Hawaii are hard to find these days. We take a look at one Hawaii small business loan, provided by a Hawaii bank, that was approved by the SBA.
This small business, based in Pearl City, Hawaii, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Of Hawaii. We've got the inside scoop on this Hawaii small business loan.
SBA Loan Borrower
COMPANY TYPE: DISINFECTING AND PEST CONTROL SERVICES
PEARL CITY, HI 96782
SBA Loan Lender
BANK OF HAWAII
98-211 PALI MOMI ST, 2ND FLR
AIEA, HI 96701
This lender issued this particular bank 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.
SIC Code
7342 - Disinfecting and Pest Control Services
NAICS Code
561710 - Exterminating and Pest Control Services
Loan Approval Date
7/26/2000
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $60,000.
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 41 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
VC Firms on Twitter
Small Bank Loans in Aiea, Hawaii
Hawaii SBA 7A Banks