California Entrepreneur Secures Financing to Buy Cuppy's Coffee, Smoothies & More Franchise

Need money to invest in a Cuppy's Coffee, Smoothies & More franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Chino, California and are interested in buying a Cuppy's Coffee, Smoothies & More franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Comerica Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CUPPY'S COFFEE & MORE OF CHINO
CHINO, CA 91710

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA loan for small businesses 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

12/7/2006

Loan Approval Gross Amount

$315,900

Loan Approval from the SBA

Of the total $315,900 loan amount, the SBA guaranteed $236,925.

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 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find other ways to get money to start a business, 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:

Cuppy's Coffee, Smoothies & More

Alternative Financing

Good Banks for Small Business in Dallas, Texas

Texas SBA 7A Lenders