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April 28, 2024 |
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| Home > Small Business Lenders by State > Hawaii Business Loan Sources > Honolulu, Business Loans > Honolulu Fcu Honolulu Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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SBA Loan from Honolulu Fcu
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Honolulu Fcu SBA Loan to Automotive Body, Paint, And Interior Repair And Maintenance CompanyAn SBA loan from Honolulu Fcu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Honolulu, Hawaii business owner got a $50,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Honolulu Fcu, out of Honolulu, Hawaii. The loan was granted and they received $50,000 to help grow their Honolulu, Hawaii business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender HONOLULU FCU 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 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 2/25/2008 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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to borrow money from friends and family, 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: Best Banks in Honolulu, Hawaii
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