Texas Entrepreneur Secures Financing to Buy Coffee Beanery retail Coffee Franchise

Need a loan to buy a Coffee Beanery retail Coffee franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Coffee Beanery retail Coffee franchise may simply require a phone call to a local SBA banker. In 2002, Compass Bank issued an SBA franchise loan to an entrepreneur in Dallas, Texas. Because Coffee Beanery retail Coffee was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

M & R STORES INC
DALLAS, TX 75379

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

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

445299 - Specialty Food Stores

Loan Approval Date

10/28/2002

Loan Approval Gross Amount

$197,100

Loan Approval from the SBA

Of the total $197,100 loan amount, the SBA guaranteed $147,825.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Coffee Beanery retail Coffee franchise. At the time of the loan, the company had 30 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 30 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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