Loan to Buy Daily Grind Franchise Issued By Howard Bank

Borrowing money to invest in a Daily Grind franchise? Howard Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Highland, 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 2006 by Howard Bank. 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
HIGHLAND, MD 20777

SBA Loan Lender

HOWARD BANK
6011 UNIVERSITY BLVD, STE 370
ELLICOTT CITY, MD 21043

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

5/12/2006

Loan Approval Gross Amount

$92,400

Loan Approval from the SBA

Of the total $92,400 loan amount, the SBA guaranteed $69,300.

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 only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Highland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

SBIR Funding

SBA Participating Banks in Ellicott City, Maryland

Getting a Business Loan in Maryland