Ho'omau Holdings, LLC
Ho'omau Holdings, LLC is a temporary help services business located in Cincinnati, Ohio, with NAICS code 561320. The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on July 26, 2024, through The Huntington National Bank, and the loan lists 6 jobs and an Express Employment Professional franchise affiliation.
SBA 7(a) loan, change of ownership, approved Jul 26, 2024
$500,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 26, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,747 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 1, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 561320, Temporary Help Services
- Franchise
- Express Employment Professional
- Project location
- Clermont County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Temporary Help Services: $1,948,736.
- Average acquisition loan in Ohio: $1,840,340.
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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