Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Hauula, Hawaii Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Hauula, Hawaii seems challenging at first, but we're here to help you get started.

This article is written specifically for small business proprietors in Hauula, Hawaii who are interested in getting a bank loan.

Banks that Lend to Hauula Businesses

This is a list of banks outside of Hauula, Hawaii that have provided SBA loans to Hauula businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of Hawaii
Honolulu, HI
1
Celtic Bank Corporation
Salt Lake City, UT
1
Innovative Bank
Oakland, CA
1

Hauula Business Loan Advice

Before reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.

Having a business plan is is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is deeply committed to aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, one article that might be of interest to you is Business Incubators.

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