Restaurant Equipment Hawaii L.L.C.
Restaurant Equipment Hawaii L.L.C. is a business in Honolulu, Hawaii, in the Other Commercial Equipment Merchant Wholesalers industry. The company financed real estate or equipment through an SBA 504 loan of $2,152,000, approved on April 25, 2024, through lender Commonwealth Business Bank and certified development company Business Finance Capital.
SBA 504 loan, approved Apr 25, 2024
$2,152,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,152,000
- Bank portion
- $2,625,000
- Estimated project size
- $5,307,778 (estimated)
- Estimated owner equity
- $530,778 (estimated, about 10% of the project)
- Bank lender
- Commonwealth Business Bank, Los Angeles, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 25, 2049 (estimated, approval date plus term)
- First disbursement
- Nov 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 423440, Other Commercial Equipment Merchant Wholesalers
- Project location
- Honolulu County, HI
- SBA district office
- Hawaii District Office
- Congressional district
- HI-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Other Commercial Equipment Merchant Wholesalers: $1,933,500.
- Average expansion loan in Hawaii: $1,992,350.
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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