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May 2, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Ellicott City, Business Loans > Howard Bank Ellicott City Business Loans > Daily Grind Loan | ||||
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Tips for Financing a Franchise
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Loan to Buy Daily Grind Franchise Issued By Howard BankNeed money to buy a Daily Grind franchise? Howard Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Highland, Maryland needed money to invest in a Daily Grind franchise back in 2005. Howard Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower DAILY GRIND SBA Loan Lender HOWARD BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 11/28/2005 Loan Approval Gross Amount $191,680 Loan Approval from the SBA Of the total $191,680 loan amount, the SBA guaranteed $143,760. 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. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Howard Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Good Banks for Small Business in Ellicott City, Maryland
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