Rochester, New York Entrepreneur Gets an SBA Loan
New YorkBusiness loans are available to New York business owners through the SBA. In this case, a New York bank provides the loan.
You can learn something about getting a small business loan in Rochester, New York by studying this loan to a local business, made back in 2001. Banks like Hsbc Bank Usa may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL LITHOGRAPHIC PRINTING
ROCHESTER, NY 14607
SBA Loan Lender
HSBC BANK USA
1 HSBC PLZ
ROCHESTER, NY 14639
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
323110 - Commercial Lithographic Printing
Loan Approval Date
7/23/2001
Loan Approval Gross Amount
$525,000
Loan Approval from the SBA
Of the total $525,000 loan amount, the SBA guaranteed $393,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 13 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are wondering how to raise money for a company in Rochester NY, you ought to talk with a local Rochester SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rochester businesses.
This SBA loan was for $525,000. How would you spend $525,000 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.
Related Links:
Raising VC Money for Social Networking Companies
Best Banks for Small Business in Rochester, New York
Browse All Business Loan Sources for New York