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April 23, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Syracuse, Business Loans > Hsbc Bank Usa Syracuse Business Loans > Coffee Par Tea Inc Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Hsbc Bank Usa Provides SBA Loan to Buy Gloria Jean's Coffee Bean FranchiseNeed money to purchase a Gloria Jean's Coffee Bean franchise? Hsbc Bank Usa has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Central Islip, New York needed money to invest in a Gloria Jean's Coffee Bean franchise back in 2000. Hsbc Bank Usa issued an SBA franchise loan. Here are the details on this New York small business loan. SBA Loan Borrower COFFEE PAR TEA INC SBA Loan Lender HSBC BANK USA 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. SIC Code 5812 - Eating Places Loan Approval Date 5/25/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Gloria Jean's Coffee Bean franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Hsbc Bank Usa so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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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