Borrow Money to Buy a Jitters Gourmet Coffee Franchise

Need money to buy a Jitters Gourmet Coffee franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Jitters Gourmet Coffee franchise is doable. In 2001, Bank Of The West issued an SBA franchise loan to an entrepreneur in Flagstaff, Arizona. Because Jitters Gourmet Coffee was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

JITTERS GOURMET COFFEE AND CAF
FLAGSTAFF, AZ 86004

SBA Loan Lender

BANK OF THE WEST
10181 TRUCKEE TAHOE AIRPORT R
TRUCKEE, CA 96161

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/10/2001

Loan Approval Gross Amount

$288,700

Loan Approval from the SBA

Of the total $288,700 loan amount, the SBA guaranteed $216,525.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Jitters Gourmet Coffee franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower indicated that the funding would help generate 20 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The West that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Understanding Dilution

Best Banks in Truckee, California

SBA Participating Banks in California