Small Business Loans for Toy and Hobby Goods and Supplies Merchant Wholesalers
Looking for small business loans for toy and hobby goods and supplies merchant wholesalers? The SBA may be the answer. This $50,000 toy and hobby goods and supplies merchant wholesalers loan was issued by a New York bank.
This small firm knew how to go about getting a business bank loan. Based in Port Jefferson Station, New York, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Hsbc Bank Usa, based in Buffalo, New York.
SBA Loan Borrower
COMPANY TYPE: TOY AND HOBBY GOODS AND SUPPLIES MERCHANT WHOLESALERS
PORT JEFFERSON STATION, NY 11776
SBA Loan Lender
HSBC BANK USA
ONE HSBC CTR
BUFFALO, NY 14203
This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
423920 - Toy and Hobby Goods and Supplies Merchant Wholesalers
Loan Approval Date
11/17/2005
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you want money for new small business in Port Jefferson Station NY, you ought to talk with a local Port Jefferson Station SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Port Jefferson Station businesses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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 Incubators
Small Bank Loans in Buffalo, New York
Getting an SBA Loan in New York