Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Pahala, Hawaii Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Pahala, Hawaii are available. You just need to talk to the right bank.

If you are hoping to get a small business loan and your business is based in Pahala, Hawaii, we've put together a list of local small business banks that you should contact.

Other Lending Resources for Pahala Businesses

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

Small Business Bank Recent SBA Loans
Innovative Bank
Oakland, CA
1

Pahala Bank Loan Tips

As a prerequisite to meeting with banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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, you will likely be asked to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 are SBA lenders. Before meeting with the 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

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read Borrowing Money from Friends and Family.

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