Syracuse, New York Lender Lends Money to Broadwoven Fabric Mills Company
Thinking about meeting with a Syracuse, New York bank about an SBA loan? Here's one New York business loan, issued by a Syracuse bank, that was approved by the SBA.
Applying for an SBA loan with Hsbc Bank Usa worked out well for our friends at one local firm in New York, New York. They received an SBA loan for $25,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: BROADWOVEN FABRIC MILLS
NEW YORK, NY 10001
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
313210 - Broadwoven Fabric Mills
Loan Approval Date
1/29/2004
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
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 application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Business Credit Evaluation
SBA Approved Banks in Syracuse, New York
SBA Participating Banks in New York