Mandeville, LA Entrepreneur Gets SBA Loan to Buy P J's Coffee And Tea Cafe Franchise

Borrowing money to purchase a P J's Coffee And Tea Cafe franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

P J's Coffee And Tea Cafe franchise loans are available to Mandeville, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a P J's Coffee And Tea Cafe franchise in 2002. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

PJ'S COFFEE & TEA CO
MANDEVILLE, LA 70448

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

7/19/2002

Loan Approval Gross Amount

$218,000

Loan Approval from the SBA

Of the total $218,000 loan amount, the SBA guaranteed $163,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a P J's Coffee And Tea Cafe franchise. At the time of the loan, the company had 34 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 34 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

P.J.'s Coffee

Business Line of Credit

SBA Banks in Livingston, New Jersey

Getting an SBA Loan in New Jersey