Cypress, CA Entrepreneur Gets SBA Loan to Buy It's A Grind Coffee Franchise

Borrowing money to purchase an It's A Grind Coffee franchise? Internatl City Bank has a history of making these loans and they are guaranteed by the SBA.

It's A Grind Coffee franchise loans are available to Cypress, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Internatl City Bank, based in Long Beach, California, issued an SBA franchise loan for an It's A Grind Coffee franchise in 2004. We've got all the details on this California small business loan.

SBA Loan Borrower

IT'S A GRIND
CYPRESS, CA 90630

SBA Loan Lender

INTERNATL CITY BANK
249 E OCEAN BLVD
LONG BEACH, CA 90802

This lender provides SBA 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

445299 - Specialty Food Stores

Loan Approval Date

1/16/2004

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 4 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 4 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $400,000. How would you spend $400,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

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Small Bank Loans in Long Beach, California

SBA California Lenders