Alexandria, LA Entrepreneur Gets SBA Loan to Buy P J's Coffee And Tea Cafe Franchise

Need money to invest in a P J's Coffee And Tea Cafe franchise? Red River Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a P J's Coffee And Tea Cafe franchise? If so, here's a 2000 SBA franchise loan that you should know about. Red River Bank was the lender and the entrepreneur was based in Alexandria, Louisiana.

SBA Loan Borrower

PJ'S COFFEE & TEA COMPANY
ALEXANDRIA, LA 71301

SBA Loan Lender

RED RIVER BANK
1412 CENTRE COURT DR, STE 101
ALEXANDRIA, LA 71301

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

12/27/2000

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 P J's Coffee And Tea Cafe franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Red River Bank and they will explain how you can get an SBA loan for your company.

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:

P.J.'s Coffee

Role of Business Plan When Raising Money

Banks in Alexandria, Louisiana

Where to Get an SBA Loan Louisiana