Lockport, New York Lender Lends Money to Frozen Fruit, Juice, And Vegetable Manufacturing Company

Want to talk with a Lockport, New York bank about a small business loan? Here's one Ohio business loan, issued by a Lockport bank, that was approved by the SBA.

Applying for an SBA loan with Hsbc Bank Usa worked out well for our friends at one local firm in Cleveland, Ohio. The business was able to get an SBA loan for $1,500,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: FROZEN FRUIT, JUICE, AND VEGETABLE MANUFACTURING
CLEVELAND, OH 44146

SBA Loan Lender

HSBC BANK USA
150 MAIN ST
LOCKPORT, NY 14094

This lender issued this small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311411 - Frozen Fruit, Juice, and Vegetable Manufacturing

Loan Approval Date

8/7/2002

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $999,990.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 80 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,500,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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