Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Freeport, New York

 

 
Loan Census SBA Loan Info

Hsbc Bank Usa Provides SBA Loan to Buy Meineke Discount Muffler Franchise

Borrowing money to invest in a Meineke Discount Muffler franchise? Hsbc Bank Usa has a history of making these loans and they are guaranteed by the SBA.

Meineke Discount Muffler franchise loans are available to Freeport, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Hsbc Bank Usa, based in Syracuse, New York, issued an SBA franchise loan for a Meineke Discount Muffler franchise in 2005. We've got all the details on this New York small business loan.

SBA Loan Borrower

MEINEKE CAR CARE CENTER
FREEPORT, NY 11520

SBA Loan Lender

HSBC BANK USA
360 S WARREN ST
SYRACUSE, NY 13202

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

811111 - General Automotive Repair

Loan Approval Date

1/10/2005

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. This loan was used to buy a Meineke Discount Muffler franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 10 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Freeport or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Meineke Car Care Centers

How Equity Dilution Works

SBA 7A Banks for Syracuse, New York Loans

New York SBA 7A Lenders