Borrow Money to Buy an It's A Grind Coffee Franchise

Need money to buy an It's A Grind Coffee franchise? Commerce Bank/north has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an It's A Grind Coffee franchise may simply require a phone call to a local SBA banker. In 2007, Commerce Bank/north issued an SBA franchise loan to an entrepreneur in Miramar, Florida. Because It's A Grind Coffee was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

ALILYN & JACK LP, INC. DBA IT'S A GRIND
Miramar, FL 33027

SBA Loan Lender

COMMERCE BANK/NORTH
1100 LAKE ST
RAMSEY, NJ 07446

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

722211 - Limited-Service Restaurants

Loan Approval Date

2/20/2007

Loan Approval Gross Amount

$338,400

Loan Approval from the SBA

Of the total $338,400 loan amount, the SBA guaranteed $253,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an It's A Grind Coffee franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $338,400 loan. Remember, where there is a will, there is a way!

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:

It's A Grind Coffee

It's a Grind Coffee Shop

Getting a Small Business Loan

Where to Get an SBA Loan in Ramsey, New Jersey

New Jersey SBA Bank Lenders