Commercial Loans for Coffee and Tea Manufacturing
Looking for commercial loans for coffee and tea manufacturing? The SBA may be the answer. This $1,230,000 coffee and tea manufacturing loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Francisco, California was able to borrow $1,230,000 from California Pacific Bank. The SBA made the loan possible by guaranteeing $922,500 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: COFFEE AND TEA MANUFACTURING
SAN FRANCISCO, CA 94124
SBA Loan Lender
CALIFORNIA PACIFIC BANK
250 MONTGOMERY ST, STE 500
SAN FRANCISCO, CA 94104
This lender issued this small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
311920 - Coffee and Tea Manufacturing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $1,230,000 loan amount, the SBA guaranteed $922,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 25 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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.
A Company That Helps Entrepreneurs
SBA 7A Banks in San Francisco, California
Browse All Business Loan Sources for California