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April 19, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Huntington Beach, Business Loans > Pacific Western Bank Huntington Beach Business Loans > It's A Grind Coffee House Loan | ||||
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Business Loans for Irvine Entrepreneurs
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Irvine, CA Entrepreneur Gets SBA Loan to Buy It's A Grind Coffee FranchiseNeed money to invest in an It's A Grind Coffee franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Irvine, California needed money to invest in an It's A Grind Coffee franchise back in 2004. Pacific Western Bank issued an SBA franchise loan. Here are the details on this California small business loan. SBA Loan Borrower IT'S A GRIND COFFEE HOUSE SBA Loan Lender PACIFIC WESTERN BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/16/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $56,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an It's A Grind Coffee franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Irvine 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 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: Best Huntington Beach, California Banks for Small Business
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