Financing for Private Mail Centers

With these loans for private mail centers, the SBA guarantees the lender that the loan will be repaid. This private mail centers loan for $163,000 was given to a New York entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New York, New York was able to borrow $163,000 from Hsbc Bank Usa. The SBA made the loan possible by guaranteeing $81,500 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: PRIVATE MAIL CENTERS
NEW YORK, NY 10025

SBA Loan Lender

HSBC BANK USA
360 S WARREN ST
SYRACUSE, NY 13202

The lender provided this commercial 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

561431 - Private Mail Centers

Loan Approval Date

9/24/2004

Loan Approval Gross Amount

$163,000

Loan Approval from the SBA

Of the total $163,000 loan amount, the SBA guaranteed $81,500.

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 2 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $163,000. How would you spend $163,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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