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May 12, 2024  
 
 
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SBA Lender Saipan (municipality)

 

 
Loan Census SBA Loan Info

Saipan (municipality), Business Gets SBA-Guaranteed Funding from Bank Of Hawaii

An SBA loan from Bank Of Hawaii typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Saipan (municipality), business owner got a $50,100 loan.

This small firm knew how to go about getting a business bank loan. Based in Saipan (municipality), , they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Bank Of Hawaii, based in Honolulu, Hawaii.

SBA Loan Borrower

COMPANY TYPE: OPTOMETRISTS
SAIPAN (MUNICIPALITY), MP 96950

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

621320 - Optometrists

Loan Approval Date

6/22/2004

Loan Approval Gross Amount

$50,100

Loan Approval from the SBA

Of the total $50,100 loan amount, the SBA guaranteed $25,050.

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 4 employees. This SBA loan request indicated that the loan would help generate 12 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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Find an SBA Lender in Honolulu, Hawaii

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