Firm Gets a New Jersey Bank Loan

New JerseySmall business loans are available to New Jersey small business owners through the SBA. In this case, a New York bank provides the loan.

Getting a small business loan in Haledon, New Jersey was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Hsbc Bank Usa. Here are the details on this New Jersey small business loan.

SBA Loan Borrower

COMPANY TYPE: TELEPHONE APPARATUS MANUFACTURING
HALEDON, NJ 07508

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

334210 - Telephone Apparatus Manufacturing

Loan Approval Date

10/15/2004

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Haledon NJ, you ought to talk with a local Haledon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Haledon businesses.

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.

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