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May 6, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Syracuse, Business Loans > Hsbc Bank Usa Syracuse Business Loans > Construction, Mining, And Forestry Machinery Equipment Rental And Leasing Loan | ||||
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We Needed a Small Business Loan in Miami, Florida and We Got One!
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Construction, Mining, and Forestry Machinery Equipment Rental and Leasing Small Business LoansLooking for small business loans for construction, mining, and forestry machinery equipment rental and leasing? Try the SBA. This $100,000 construction, mining, and forestry machinery equipment rental and leasing loan was issued by a New York bank. Getting a small business loan in Miami, Florida was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Hsbc Bank Usa, operating out of Syracuse, New York. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION, MINING, AND FORESTRY MACHINERY EQUIPMENT RENTAL AND LEASING SBA Loan Lender HSBC BANK USA This SBA 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 532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing Loan Approval Date 1/31/2005 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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Hsbc Bank Usa had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Hsbc Bank Usa made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Role of Business Plan When Raising Money Small Bank Loans in Syracuse, New York
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