Burlington, IN Entrepreneur Gets SBA Loan to Buy Cuppy's Coffee, Smoothies & More Franchise

Borrowing money to buy a Cuppy's Coffee, Smoothies & More franchise? Community 1st Bank - Howard Cnty has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Cuppy's Coffee, Smoothies & More franchise may simply require a phone call to a local SBA banker. In 2007, Community 1st Bank - Howard Cnty issued an SBA franchise loan to an entrepreneur in Burlington, Indiana. Because Cuppy's Coffee, Smoothies & More was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis.

SBA Loan Borrower

CUPPY'S COFFEE & MORE
BURLINGTON, IN 46913

SBA Loan Lender

COMMUNITY 1ST BANK - HOWARD CNTY
201 W SYCAMORE ST
KOKOMO, IN 46901

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/14/2007

Loan Approval Gross Amount

$172,000

Loan Approval from the SBA

Of the total $172,000 loan amount, the SBA guaranteed $129,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cuppy's Coffee, Smoothies & More franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the borrowed money would help generate 4 new jobs.

Next Steps for Getting an SBA Loan

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

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Community 1st Bank - Howard Cnty 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.

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