 |
 |
February 1, 2025 |
|
|
|
|
||
| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Syracuse, Business Loans > Hsbc Bank Usa Syracuse Business Loans > Nail Salons Loan | ||||
 |
||||
SBA 7A Banks in New Jersey
|
||||
 |
How to Get a Loan for Nail SalonsLooking for SBA loans for nail salons? Try the SBA. This $100,000 nail salons loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Lee, New Jersey was able to borrow $100,000 from Hsbc Bank Usa. The SBA made the loan possible by guaranteeing $50,000 of this New Jersey small business loan. SBA Loan Borrower COMPANY TYPE: NAIL SALONS SBA Loan Lender HSBC BANK USA This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 812113 - Nail Salons Loan Approval Date 5/24/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 5 existing jobs. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Hsbc Bank Usa that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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. Related Links: Raising VC Money for Social Networking Companies SBA Banks in Syracuse, New York
|
|
||
|
||||
|
|
||||