In Partnership with the Southern Weekend

HSFCU understands your business’ whole financial picture

Sponsored by Hawaii State FCU

Gladys Agsalud is the owner of Casablanca Bridal and Formals, a local bridal shop that has dazzled thousands of Hawaii and destination brides during her more than two-decade career. But it’s not only because of her attention to detail, personalized customer service and passion for bringing high-end, exclusive designs to Hawaii. The owner of Casablanca Bridal and Formals has worked hard to take her business to the next level. And it was easy to say “I do” when Hawaii State FCU proposed the perfect solution to help her expand her business.

Casablanca Bridal and Formals has been in business for nearly 26 years. It started in a small second-floor rental space on Kalakaua Avenue, and in 2006, quadrupled in size when Agsalud built the current 4,500-square-foot building on Beretania Street in Moiliili from the ground up. As many brides will attest, it’s the ultimate in luxury and sparkle, with 10-foot mirrors, a spiral staircase, chandeliers and ample seating for guests to watch the bride try on some of the most exclusive gowns available. Over the years, the business grew and equity expanded. Agsalud then thought it was a great time to look into refinancing the mortgage loans and accumulated debts. So naturally she searched for the best loan rates possible for her business.

Agsalud happened to receive a flyer from Hawaii State FCU regarding their commercial business opportunities and called its office to get more information. “I have been a member since 1985 and have taken advantage of their personal services but never knew that the credit union offered commercial mortgage loans,” said Agsalud. “Best yet, their business banking services are catered toward small businesses and they really work with us owners to ensure our goals and needs are met. I met one of their commercial lending officers who helped me through the loan process. It was a big help as she guided me through the intricate details and answered all of my questions and concerns. I always felt she had my back.”

“As a small-business owner focused on running the company day in and day out, it was super helpful to have an objective party look at my business strictly from a financial perspective and assess what kind of loan would make the most sense for our business,” said Agsalud. “Through our discussions, I was able to lock in a great rate and term, pay off all of our liabilities and simplify our finances to a single long-term loan that is perfect for us. Best yet, we were also able to secure enough funding to allow for our planned business expansion, and to pay for needed capital improvements to our building.”

About Hawaii State FCU’s business banking services
Hawaii State FCU prides itself on building relationships with existing and potential business members to assist them with finding financial solutions to help them achieve their business goals, and their personal goals, too. This can include finding the right deposit accounts to fit their needs, analyzing business financials to see if various types of loans can help them achieve their business goals and also reviewing how technology to help make banking more convenient.

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