Hsbc Bank Usa Provides SBA Loan to Buy Ralph's Famous Italian Ices Franchise

Borrowing money to buy a Ralph's Famous Italian Ices franchise? Hsbc Bank Usa has a history of making these loans and they are guaranteed by the SBA.

Ralph's Famous Italian Ices franchise loans are available to Massapequa Park, New York entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Hsbc Bank Usa, based in Buffalo, New York, issued an SBA franchise loan for a Ralph's Famous Italian Ices franchise in 2006. We've got all the details on this New York small business loan.

SBA Loan Borrower

DOUBLEDDESSERTS INC
MASSAPEQUA PARK, NY 11762

SBA Loan Lender

HSBC BANK USA
ONE HSBC CTR
BUFFALO, NY 14203

This lender processed this SBA small business 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

311520 - Ice Cream and Frozen Dessert Manufacturing

Loan Approval Date

11/16/2006

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 a new business. This loan was used to buy a Ralph's Famous Italian Ices franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hsbc Bank Usa and they will explain how you can get an SBA loan for your company.

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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