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April 23, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Long Beach, Business Loans > Internatl City Bank Long Beach Business Loans > It's A Grind Coffee House Loan | ||||
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Vista, California Bank Loan
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Borrow Money to Buy an It's A Grind Coffee FranchiseBorrowing money to buy an It's A Grind Coffee franchise? Internatl City Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Vista, California needed money to invest in an It's A Grind Coffee franchise back in 2005. Internatl City 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 INTERNATL CITY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/7/2005 Loan Approval Gross Amount $180,000 Loan Approval from the SBA Of the total $180,000 loan amount, the SBA guaranteed $135,000. 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 2 employees. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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've showcased information on this loan to let you know that businesses like yours 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. Related Links: SBA 7A Lenders in Long Beach, California
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