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May 7, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Fredericksburg, Business Loans > Second Bank & Trust Fredericksburg Business Loans > Daily Grind Loan | ||||
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Virginia Small Business Funding for Franchises
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Second Bank & Trust Provides SBA Loan to Buy Daily Grind FranchiseNeed a loan to purchase a Daily Grind franchise? Second Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Daily Grind franchise loans are available to Stafford, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Second Bank & Trust, based in Fredericksburg, Virginia, issued an SBA franchise loan for a Daily Grind franchise in 2005. We've got all the details on this Virginia small business loan. SBA Loan Borrower DAILY GRIND SBA Loan Lender SECOND BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 7/21/2005 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 Daily Grind franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Stafford VA, you ought to talk with a local Stafford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Stafford businesses. This SBA loan was for $150,000. How would you spend $150,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Daily Grind Coffee House and Café Accountant's Role in Securing Financing Where to Get an SBA Loan in Fredericksburg, Virginia
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