Borrow Money to Buy an Arabica Coffeehouse System Franchise

Need a loan to buy an Arabica Coffeehouse System franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Arabica Coffeehouse System franchise? If so, here's a 2002 SBA franchise loan that you should know about. National City Bank was the lender and the entrepreneur was based in Parma Heights, Ohio.

SBA Loan Borrower

REICHWAY PRODUCTIONS EAST INC
PARMA HEIGHTS, OH 44130

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/7/2002

Loan Approval Gross Amount

$181,800

Loan Approval from the SBA

Of the total $181,800 loan amount, the SBA guaranteed $136,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Arabica Coffeehouse System franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 13 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. National City Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, National City Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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