Papillion, NE Entrepreneur Gets SBA Loan to Buy Barista Brava Coffee Franchise

Need money to buy a Barista Brava Coffee franchise? Tierone Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Barista Brava Coffee franchise? If so, here's a 2004 SBA franchise loan that you should know about. Tierone Bank was the lender and the entrepreneur was based in Papillion, Nebraska.

SBA Loan Borrower

BARISTA'S DAILY GRIND
PAPILLION, NE 68046

SBA Loan Lender

TIERONE BANK
1235 'N' ST
LINCOLN, NE 68508

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/17/2004

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Barista Brava Coffee franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Papillion or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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SBA 7A Lenders in Lincoln, Nebraska

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