SBA Loan from Bank Of Hawaii Helps Physicians Company

Bank Of Hawaii is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Upper Tumon, was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Hawaii, operating out of Honolulu, Hawaii. Here are the details on this small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
UPPER TUMON, GU 96911

SBA Loan Lender

BANK OF HAWAII
130 MERCHANT ST
HONOLULU, HI 96813

This lender issued this particular 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

621111 - Physicians

Loan Approval Date

9/17/2001

Loan Approval Gross Amount

$69,600

Loan Approval from the SBA

Of the total $69,600 loan amount, the SBA guaranteed $59,160.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $69,600. How would you spend $69,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

The Art of Bootstrapping

Small Business Banks in Honolulu, Hawaii

Getting an SBA Loan in Hawaii