Connecticut Entrepreneur Secures Financing to Buy It's A Grind Coffee Franchise

Need a loan to invest in an It's A Grind Coffee franchise? Connecticut Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in East Windsor, Connecticut needed money to invest in an It's A Grind Coffee franchise back in 2007. Connecticut Bank & Trust issued an SBA franchise loan. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

IT'S A GRIND COFFEE HOUSE
EAST WINDSOR, CT 06088

SBA Loan Lender

CONNECTICUT BANK & TRUST
58 STATE HOUSE SQ
HARTFORD, CT 06103

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

8/22/2007

Loan Approval Gross Amount

$338,000

Loan Approval from the SBA

Of the total $338,000 loan amount, the SBA guaranteed $169,000.

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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in East Windsor CT, you ought to talk with a local East Windsor SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Windsor businesses.

We can help you find the best banks for small businesses in East Windsor or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Good Banks for Small Business in Hartford, Connecticut

Getting an SBA Loan in Connecticut