Loan Census Banking News and Information
June 30, 2022  
 
 
  Business Loan Information  
 

Kahului, Hawaii Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Kahului, Hawaii? If so, you'll want to talk to some of these small business lenders in Kahului.

If you are looking for a small business loan and your business is based in Kahului, Hawaii, we've assembled a list of local small business banks that you should contact.

Local Kahului Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Kahului.

Small Business Bank Recent SBA Loans
American Savings Bank - Branches- Kahului  
First Hawaiian Bank 1

SBA Lenders for Kahului Businesses

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

Small Business Bank Recent SBA Loans
American Savings Bank, FSB
Honolulu, HI
4
Bank Of Hawaii
Honolulu, HI
4
Business Loan Center, LLC
Panama City Beach, FL
4
Capital One
Mclean, VA
3
Central Pacific Bank
Honolulu, HI
3
First Hawaiian Bank
Honolulu, HI
10

Kahului Bank Loan Tips

Before meeting with banks for a loan, you will need to develop the specifics of your loan request.

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

A well-defined business plan is is critically important. If the capital 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 secure 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, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history 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 these banks participate in the financial assistance programs available through the SBA. 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

Our Gaebler.com site is dedicated to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we would suggest you read 504 Loans.

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