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December 22, 2024  
 
 
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How Hard Is It to Get a Small Business Loan in Elma (census Name Elma Center), New York?

 

 
Loan Census SBA Loan Info

Raising Money for Household Furniture Manufacturing

Looking for business loans for household furniture manufacturing? Try the SBA. This $17,000 household furniture manufacturing loan was issued by a New York bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Elma (census Name Elma Center), New York was able to borrow $17,000 from Hsbc Bank Usa. The SBA made the loan possible by guaranteeing $8,500 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD FURNITURE MANUFACTURING
ELMA (CENSUS NAME ELMA CENTER), NY 14059

SBA Loan Lender

HSBC BANK USA
360 S WARREN ST
SYRACUSE, NY 13202

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

337125 - Household Furniture Manufacturing

Loan Approval Date

2/9/2005

Loan Approval Gross Amount

$17,000

Loan Approval from the SBA

Of the total $17,000 loan amount, the SBA guaranteed $8,500.

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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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