Borrow Money to Buy a Daily Grind Franchise
Borrowing money to buy a Daily Grind franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Columbus, Georgia needed money to invest in a Daily Grind franchise back in 2006. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Georgia small business loan.
SBA Loan Borrower
DAILY GRIND OF COLUMBUS
COLUMBUS, GA 31904
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
1/25/2006
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 Daily Grind franchise. At the time of the loan, the company
had 7 employees. The loan application indicated that the borrowed money would help create 7 new jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We've showcased information on this loan to let you know that businesses like yours 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:
Daily Grind Coffee House and Café
Small Business Loan
Small Business Banks in Livingston, New Jersey
SBA Lenders in New Jersey