Commercefirst Bank Provides SBA Loan to Buy Seattle's Best Coffee Franchise

Borrowing money to invest in a Seattle's Best Coffee franchise? Commercefirst Bank has a history of making these loans and they are guaranteed by the SBA.

Seattle's Best Coffee franchise loans are available to Annapolis, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commercefirst Bank, based in Annapolis, Maryland, issued an SBA franchise loan for a Seattle's Best Coffee franchise in 2001. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

SEATTLE'S BEST COFFEE
ANNAPOLIS, MD 21401

SBA Loan Lender

COMMERCEFIRST BANK
1804 WEST ST, STE 200
ANNAPOLIS, MD 21401

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

7/3/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Seattle's Best Coffee franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Seattle's Best Coffee

Determining Proper Capital Structure for a Business

Find an SBA Lender in Annapolis, Maryland

Getting an SBA Loan in Maryland