Kailua Kona (census Name Kailu, HI Entrepreneur Gets SBA Loan to Buy Play It Again Sports retail Sports Franchise

Need money to buy a Play It Again Sports retail Sports franchise? Bank Of Hawaii has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Play It Again Sports retail Sports franchise shouldn't be overly burdensome. In 2003, Bank Of Hawaii issued an SBA franchise loan to an entrepreneur in Kailua Kona (census Name Kailu, Hawaii. Because Play It Again Sports retail Sports was registered with the SBA's registry of franchises, this Hawaii small business loan was issued on an expedited basis.

SBA Loan Borrower

PLAY IT AGAIN SPORTS
KAILUA KONA (CENSUS NAME KAILU, HI 96740

SBA Loan Lender

BANK OF HAWAII
130 MERCHANT ST
HONOLULU, HI 96813

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

451110 - Sporting Goods Stores

Loan Approval Date

9/23/2003

Loan Approval Gross Amount

$168,000

Loan Approval from the SBA

Of the total $168,000 loan amount, the SBA guaranteed $84,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Play It Again Sports retail Sports franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Play It Again Sports

Borrowing Money from Friends and Family

SBA Banks in Honolulu, Hawaii

SBA Hawaii Banks