Colorado Entrepreneur Secures Financing to Buy It's A Grind Coffee Franchise

Need money to invest in an It's A Grind Coffee franchise? Key Direct, A Branch Of has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an It's A Grind Coffee franchise shouldn't be too tough. In 2002, Key Direct, A Branch Of issued an SBA franchise loan to an entrepreneur in Aurora, Colorado. Because It's A Grind Coffee was registered with the SBA's registry of franchises, this Colorado small business loan was issued on an expedited basis.

SBA Loan Borrower

IT'S A GRIND COFFEE HOUSE
AURORA, CO 80015

SBA Loan Lender

KEY DIRECT, A BRANCH OF
4910 TIEDEMAN RD, OH-01-51-06
BROOKLYN, OH 44144

This lender issued this business loan under the 7A SBA 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.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/14/2002

Loan Approval Gross Amount

$236,000

Loan Approval from the SBA

Of the total $236,000 loan amount, the SBA guaranteed $177,000.

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 10 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Key Direct, A Branch Of and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

It's A Grind Coffee

It's a Grind Coffee Shop

Small Business Credit Cards

SBA Banks in Brooklyn, Ohio

SBA Lenders in Ohio