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| Entrepreneur Resources | Hsbc Bank Usa Syracuse Business Loans | ||||
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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 and Equipment Rental and Leasi LoansLooking for loans for construction, mining, and forestry machinery and equipment rental and leasi? Try the SBA. This $100,000 construction, mining, and forestry machinery and equipment rental and leasi loan was issued by a New York bank.
Getting a small business loan in Miami, Florida was important for Structor Corp 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 STRUCTOR CORP 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 and Equipment Rental and Leasi 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, Structor Corp, 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. Structor Corp needed a loan. Hsbc Bank Usa probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Hsbc Bank Usa made the loan. The end result was that Structor Corp 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 SBA loan database. Related Links: Role of Business Plan When Raising Money Small Bank Loans in Syracuse, 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.
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