Martinsburg, WV Entrepreneur Gets SBA Loan to Buy Daily Grind Franchise

Need a loan to buy a Daily Grind franchise? United Bank has a history of making these loans and they are guaranteed by the SBA.

Daily Grind franchise loans are available to Martinsburg, West Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Bank, based in Winchester, Virginia, issued an SBA franchise loan for a Daily Grind franchise in 2003. We've got all the details on this West Virginia small business loan.

SBA Loan Borrower

DAILY GRIND OF MARTINSBURG
MARTINSBURG, WV 25401

SBA Loan Lender

UNITED BANK
4095 VALLEY PIKE
WINCHESTER, VA 22602

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722212 - Cafeterias, Grill Buffets, and Buffets

Loan Approval Date

7/29/2003

Loan Approval Gross Amount

$9,000

Loan Approval from the SBA

Of the total $9,000 loan amount, the SBA guaranteed $4,500.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Obtaining Funding - Friends and Family

SBA Approved Banks in Winchester, Virginia

SBA Virginia Banks