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May 7, 2024 |
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| Home > Small Business Lenders by State > Hawaii Business Loan Sources > Honolulu, Business Loans > Bank Of Hawaii Honolulu Business Loans > Fish And Seafood Merchant Wholesalers Loan | ||||
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Honolulu, Hawaii SBA 7A Banks
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Entrepreneur Works With Honolulu, Hawaii Bank to Get an SBA LoanThinking about meeting with a Honolulu, Hawaii bank about an SBA loan? Here's one Hawaii business loan, issued by a Honolulu bank, that was approved by the SBA. Applying for an SBA loan with Bank Of Hawaii worked out well for our friends at one local company in Kahului, Hawaii. They received an SBA loan for $250,000. Awesome! SBA Loan Borrower COMPANY TYPE: FISH AND SEAFOOD MERCHANT WHOLESALERS SBA Loan Lender BANK OF HAWAII 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 424460 - Fish and Seafood Merchant Wholesalers Loan Approval Date 7/19/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Hawaii had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Hawaii made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banking Deregulation's Effects on Entrepreneurship SBA Approved Banks in Honolulu, Hawaii
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