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November 21, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > The Daily Grind Loan | ||||
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Loans to Buy a Franchise in Maryland
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Frederick, MD Entrepreneur Gets SBA Loan to Buy Daily Grind FranchiseNeed money to invest in a Daily Grind franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. If you live near Frederick, Maryland and are interested in buying a Daily Grind franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Cit Small Business Lending Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower THE DAILY GRIND SBA Loan Lender CIT SMALL BUSINESS LENDING CORP 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 5/10/2005 Loan Approval Gross Amount $221,500 Loan Approval from the SBA Of the total $221,500 loan amount, the SBA guaranteed $166,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Daily Grind franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 15 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Daily Grind Coffee House and Café Microlending as a Small Business Funding Source SBA Participating Banks in Livingston, New Jersey Getting an SBA Loan in New Jersey
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