Palmdale, CA Entrepreneur Gets SBA Loan to Buy It's A Grind Coffee Franchise

Need a loan to purchase an It's A Grind Coffee franchise? Inland Commun Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Palmdale, California needed money to invest in an It's A Grind Coffee franchise back in 2005. Inland Commun Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

IT'S A GRIND COFFEE HOUSE
PALMDALE, CA 93552

SBA Loan Lender

INLAND COMMUN BANK
255 S RIVERSIDE AVE
RIALTO, CA 92376

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/18/2005

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Palmdale CA, you ought to talk with a local Palmdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palmdale businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? 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.

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