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

Kaunakakai, Hawaii Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Kaunakakai, Hawaii! If that's what's on your mind, you've come to the right place.

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

Banks that Lend to Kaunakakai Businesses

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

Small Business Bank Recent SBA Loans
American Savings Bank, FSB
Honolulu, HI
2
Bank Of Hawaii
Honolulu, HI
1

Kaunakakai Bank Loan Tips

Prior to meeting with banks to discuss getting a bank 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 intend to to pay the loan back to the bank.

Having a business plan is essential. If the money is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 read up on 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.

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