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May 16, 2024 |
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| Home > Small Business Lenders by State > Hawaii Business Loan Sources > Lahaina, Business Loans > Bank Of Hawaii Lahaina Business Loans > Beauty Salons Loan | ||||
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SBA Lenders in Hawaii
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Bank Of Hawaii SBA Loan to Beauty Salons CompanyAn SBA loan from Bank Of Hawaii typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lahaina, Hawaii business owner got a $70,000 loan. This growing company knew how to go about getting a business bank loan. Based in Lahaina, Hawaii, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Bank Of Hawaii, based in Lahaina, Hawaii. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender BANK OF HAWAII This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 2/6/2001 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Hawaii so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA Participating Banks in Lahaina, Hawaii
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