Buffalo, New York Bank Gives SBA Loan to Eating Places Company
Get business loans from a Buffalo, New York bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Hsbc Bank Usa is a Buffalo, New York small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a New Jersey company.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
NORTHFIELD, NJ 08275
SBA Loan Lender
HSBC BANK USA
ONE HSBC CTR
BUFFALO, NY 14203
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
5/19/2000
Loan Approval Gross Amount
$82,500
Loan Approval from the SBA
Of the total $82,500 loan amount, the SBA guaranteed $66,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 7 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? 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:
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New York SBA 7A Lenders