Loan to Buy Gloria Jean's Coffee Bean Franchise Issued By Citizens Security Bank (guam) In

Borrowing money to invest in a Gloria Jean's Coffee Bean franchise? Citizens Security Bank (guam) In has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Gloria Jean's Coffee Bean franchise? If so, here's a 2003 SBA franchise loan that you should know about. Citizens Security Bank (guam) In was the lender and the entrepreneur was based in Hagatna, .

SBA Loan Borrower

KAHULA BLENDS
HAGATNA, GU 96932

SBA Loan Lender

CITIZENS SECURITY BANK (GUAM) IN
424 W O'BRIEN DR, 114 JULALE
AGANA, GU 96932

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/30/2003

Loan Approval Gross Amount

$45,600

Loan Approval from the SBA

Of the total $45,600 loan amount, the SBA guaranteed $38,760.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Gloria Jean's Coffee Bean franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Security Bank (guam) In so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Gloria Jean's Coffees

Business Line of Credit