Where to Get Capital for Single Family Housing Construction
With these small business loans for single family housing construction, the SBA guarantees the lender that the loan will be repaid. This single family housing construction loan for $75,000 was given to a Florida entrepreneur in 2003.
Getting a small business loan in Miami, Florida was important for Ace Construction Inc back in 2003 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
ACE CONSTRUCTION INC
160 NW 176TH STREET SUITE 30
MIAMI, FL 33169
SBA Loan Lender
HSBC BANK USA
360 S WARREN ST
SYRACUSE, NY 13202
The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
233210 - Single Family Housing Construction
Loan Approval Date
1/9/2003
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
More Information on This SBA Loan
The borrower, Ace Construction Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 6 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 6 existing jobs.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Ace Construction Inc, 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 SBA loan database.
Related Links:
Family and Friend Investors - Your First Financiers
Small Business Banks in Syracuse, New York
Where to Get an SBA Loan New York
If you are an ambitious entrepreneur or an aspiring executive
looking to get involved with a startup, please take the time to
learn more about Gaebler Ventures.