HSBC Bank USA
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by HSBC Bank USA · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 114112 | Shellfish Fishing | 1 | $25K | $25K | 8.3% |
| 621310 | Offices of Chiropractors | 1 | $265K | $265K | 8.3% |
Geographic Distribution
SBA lending activity for HSBC Bank USA by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New York (NY) | 11 | $2.4M | 91.7% |
| Minnesota (MN) | 1 | $265K | 8.3% |
Why Choose HSBC Bank USA?
Based on SBA 7(a) lending track record from 1991-2007
- ✓Proven Track Record: 12 SBA loans approved, totaling $2.6M in financing
- ✓Industry Expertise: Specialized focus on Shellfish Fishing, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 98 months
- ✓Loan Range: Loan sizes from $25K to $550K, with an average of $219K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NY, MN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about HSBC Bank USA SBA lending
What types of businesses does HSBC Bank USA typically finance?
HSBC Bank USA specializes in SBA 7(a) lending to specific industries including shellfish fishing, offices of chiropractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are HSBC Bank USA's typical SBA loan terms?
HSBC Bank USA's SBA 7(a) loans typically feature an average interest rate of — and average term length of 98 months (approximately 8 years). Loan sizes range from $25K to $550K, with an average loan size of $219K.
Do I need a business valuation for a HSBC Bank USA SBA loan?
Yes, HSBC Bank USA typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does HSBC Bank USA compare to other SBA lenders?
HSBC Bank USA has originated 12 SBA loans totaling $2.6M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does HSBC Bank USA lend in?
HSBC Bank USA provides SBA 7(a) financing with particularly strong presence in NY, MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.