Entrepreneur Works With Syracuse, New York Bank to Get an SBA Loan

A Syracuse, New York business loan can be yours. Learn how An-An Enterprises Corporation got a $50,000 business loan from this New York bank.

This loan to An-An Enterprises Corporation is a good example of an SBA loan. Hsbc Bank Usa made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

AN-AN ENTERPRISES CORPORATION
10481 NW 36TH STREET
MIAMI, FL 33178

SBA Loan Lender

HSBC BANK USA
360 S WARREN ST
SYRACUSE, NY 13202

This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541513 - Computer Facilities Management Services

Loan Approval Date

3/10/2004

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, An-An Enterprises Corporation, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs. This loan was paid in full, and was closed out on 3/22/2007.

Next Steps for Getting an SBA Loan

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.

If An-An Enterprises Corporation can get an SBA loan, there's no reason you can't 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 SBA loan database.

Related Links:

Direct Public Offerings

SBA 7A Banks for Syracuse, New York Loans

SBA Participating Banks in New York

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