Loan Census Banking News and Information
April 27, 2024  
 
 
  Business Loan Information  
 

Hawaii Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Loan to Buy Vr Business Brokers Franchise Issued By Bank Of Hawaii

Need money to invest in a Vr Business Brokers franchise? Bank Of Hawaii has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Vr Business Brokers franchise may simply require a phone call to a local SBA banker. In 2005, Bank Of Hawaii issued an SBA franchise loan to an entrepreneur in Honolulu, Hawaii. Because Vr Business Brokers was registered with the SBA's registry of franchises, this Hawaii small business loan was issued on an expedited basis.

SBA Loan Borrower

VR BUSINESS BROKERS HAWAII
HONOLULU, HI 96814

SBA Loan Lender

BANK OF HAWAII
130 MERCHANT ST
HONOLULU, HI 96813

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

5/9/2005

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. This loan was used to buy a Vr Business Brokers franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

VR Business Brokers

504 Loans

Small Business Banks in Honolulu, Hawaii

Hawaii SBA Banks