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April 26, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Buffalo, Business Loans > Hsbc Bank Usa Buffalo Business Loans > Cousins Donuts, Inc. Loan | ||||
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Brooklyn, New York Bank Loan
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Brooklyn, NY Entrepreneur Gets SBA Loan to Buy Dunkin Donuts FranchiseBorrowing money to invest in a Dunkin Donuts franchise? Hsbc Bank Usa has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Dunkin Donuts franchise? If so, here's a 2006 SBA franchise loan that you should know about. Hsbc Bank Usa was the lender and the entrepreneur was based in Brooklyn, New York. SBA Loan Borrower COUSINS DONUTS, INC. SBA Loan Lender HSBC BANK USA This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 3/3/2006 Loan Approval Gross Amount $675,000 Loan Approval from the SBA Of the total $675,000 loan amount, the SBA guaranteed $506,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dunkin Donuts franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hsbc Bank Usa and they will explain how you can get an SBA loan for your company. 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: Who Lends Money to Small Businesses in Buffalo, New York SBA Participating Banks in New York
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