Loan to Buy Scooter's Coffeehouse Franchise Issued By Tierone Bank
Need money to purchase a Scooter's Coffeehouse franchise? Tierone Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Scooter's Coffeehouse franchise? If so, here's a 2005 SBA franchise loan that you should know about. Tierone Bank was the lender and the entrepreneur was based in Omaha, Nebraska.
SBA Loan Borrower
SCOOTER'S COFFEEHOUSE
OMAHA, NE 68104
SBA Loan Lender
TIERONE BANK
1235 'N' ST
LINCOLN, NE 68508
This lender issued this business 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.
NAICS Code
445299 - Specialty Food Stores
Loan Approval Date
11/3/2005
Loan Approval Gross Amount
$129,000
Loan Approval from the SBA
Of the total $129,000 loan amount, the SBA guaranteed $109,650.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Scooter's Coffeehouse franchise. At the time of the loan, the company
had 3 employees. The loan application indicated that the funding would help generate 3 new jobs.
Getting an SBA Loan For Your Business
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.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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:
Scooter's Coffeehouse
Bank Credit Lines
SBA Approved Banks in Lincoln, Nebraska
Getting an SBA Loan in Nebraska