Kansas City, KS Entrepreneur Gets SBA Loan to Buy Scooters Java Express Franchise

Need a loan to purchase a Scooters Java Express franchise? Tierone Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Kansas City, Kansas needed money to invest in a Scooters Java Express franchise back in 2005. Tierone Bank issued an SBA franchise loan. Here are the details on this Kansas small business loan.

SBA Loan Borrower

SCOOTERS COFFEYHOUSE
KANSAS CITY, KS 66111

SBA Loan Lender

TIERONE BANK
12670 'L' ST
OMAHA, NE 68137

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/14/2005

Loan Approval Gross Amount

$256,000

Loan Approval from the SBA

Of the total $256,000 loan amount, the SBA guaranteed $192,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Scooters Java Express franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Tierone Bank 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.

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