Hawaiian Islands Adventure Tours LLC
Hawaiian Islands Adventure Tours LLC is a business in Honolulu, Hawaii, in the scenic and sightseeing transportation, water industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $910,000, approved on November 1, 2023, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Nov 1, 2023
$910,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $910,000
- SBA-guaranteed amount
- $682,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 1, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $12,535 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 22, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 487210, Scenic and Sightseeing Transportation, Water
- Project location
- Honolulu County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Scenic and Sightseeing Transportation, Water: $1,066,000.
- Average acquisition loan in Hawaii: $1,359,741.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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