Wells Fargo Bank Provides SBA Loan to Buy It's A Grind Coffee Franchise

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

Want to borrow money to buy an It's A Grind Coffee franchise? If so, here's a 2003 SBA franchise loan that you should know about. Wells Fargo Bank was the lender and the entrepreneur was based in Elk Grove, California.

SBA Loan Borrower

IT'S A GRIND COFFEE HOUSE
ELK GROVE, CA 95624

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

12/19/2003

Loan Approval Gross Amount

$216,400

Loan Approval from the SBA

Of the total $216,400 loan amount, the SBA guaranteed $162,300.

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 24 employees. The loan application indicated that the loan would help generate 24 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wells Fargo Bank and they will explain how you can get an SBA loan for your company.

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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It's a Grind Coffee Shop

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