Syracuse, New York Bank Lends Money to Hirise Fitness Inc in Miami, Florida

Get to know Syracuse, New York banks that specialize in business loans and know how to work with entrepreneurs. Hsbc Bank Usa is one such bank, as evidenced by this SBA loan to Hirise Fitness Inc.

Finding a small business loan in Miami, Florida starts with an understanding of who else has gotten loans in the area. In this case, Hirise Fitness Inc received funding from Hsbc Bank Usa Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

HIRISE FITNESS INC
9517 FOUNTAINEBLEAU BLVD
MIAMI, FL 33172

SBA Loan Lender

HSBC BANK USA
360 S WARREN ST
SYRACUSE, NY 13202

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

2/18/2005

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, Hirise Fitness Inc, 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great funding source

We can help you find the best banks for small businesses in Miami or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

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Where to Get an SBA Loan in Syracuse, New York

SBA New York Banks

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.