Internatl City Bank Provides SBA Loan to Buy It's A Grind Coffee Franchise

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

It's A Grind Coffee franchise loans are available to Glendora, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Internatl City Bank, based in Long Beach, California, issued an SBA franchise loan for an It's A Grind Coffee franchise in 2005. We've got all the details on this California small business loan.

SBA Loan Borrower

IT'S A GRIND COFFEE HOUSE
GLENDORA, CA 91740

SBA Loan Lender

INTERNATL CITY BANK
249 E OCEAN BLVD
LONG BEACH, CA 90802

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

4/19/2005

Loan Approval Gross Amount

$290,000

Loan Approval from the SBA

Of the total $290,000 loan amount, the SBA guaranteed $217,500.

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 only one employee. The loan application indicated that the funding would help generate 11 new jobs.

Next Steps for Getting an SBA Loan

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 Internatl City 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.

Related Links:

It's A Grind Coffee

It's a Grind Coffee Shop

Business Line of Credit

SBA 7A Banks in Long Beach, California

SBA Lenders in California