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May 12, 2024  
 
 
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Who Can Get a Business Loan in Saipan (municipality), ?

 

 
Loan Census SBA Loan Info

Manufacturing and Industrial Building Construction Small Business Loans

Looking for small business loans for manufacturing and industrial building construction? Try the SBA. This $800,000 manufacturing and industrial building construction loan was issued by a Hawaii bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Of Hawaii, out of Honolulu, Hawaii. The loan was granted and they received $800,000 to help grow their Saipan (municipality), business.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING AND INDUSTRIAL BUILDING CONSTRUCTION
SAIPAN (MUNICIPALITY), MP 96950

SBA Loan Lender

BANK OF HAWAII
130 MERCHANT ST
HONOLULU, HI 96813

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

233310 - Manufacturing and Industrial Building Construction

Loan Approval Date

8/17/2004

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 22 employees. This SBA loan request indicated that the loan would help retain 22 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Hawaii and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding From a Venture Capitalist

Small Bank Loans in Honolulu, Hawaii

Hawaii SBA 7A Banks