O'Fallon, MO Entrepreneur Gets SBA Loan to Buy Coffee Beanery retail Coffee Franchise

Need money to invest in a Coffee Beanery retail Coffee franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Coffee Beanery retail Coffee franchise requires some effort but others before you have been successful. In 2005, National City Bank issued an SBA franchise loan to an entrepreneur in O'Fallon, Missouri. Because Coffee Beanery retail Coffee was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

CONFLUENCE COFFEE LLC
O'Fallon, MO 63366

SBA Loan Lender

NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

722211 - Limited-Service Restaurants

Loan Approval Date

3/8/2005

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Coffee Beanery retail Coffee franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in O'Fallon MO, you ought to talk with a local O'Fallon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to O'Fallon businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Small Business Loan

SBA Participating Banks in Bannockburn, Illinois

SBA Lenders in Illinois