Cerritos (dairy Valley), CA Entrepreneur Gets SBA Loan to Buy It's A Grind Coffee Franchise

Need money to invest in an It's A Grind Coffee franchise? Fullerton Community Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an It's A Grind Coffee franchise? If so, here's a 2006 SBA franchise loan that you should know about. Fullerton Community Bank, Fsb was the lender and the entrepreneur was based in Cerritos (dairy Valley), California.

SBA Loan Borrower

IT'S A GRIND COFFEE HOUSE
CERRITOS (DAIRY VALLEY), CA 90703

SBA Loan Lender

FULLERTON COMMUNITY BANK, FSB
200 W COMMONWEALTH AVE
FULLERTON, CA 92832

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/6/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your 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.

While you may be able to find business people willing to loan money, 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.

Related Links:

It's A Grind Coffee

It's a Grind Coffee Shop

Startup Funding Tip

SBA 7A Banks for Fullerton, California Loans

Getting a Business Loan in California