Loan to Buy Coffee Beanery retail Coffee Franchise Issued By Lehman Brothers Bank, Fsb

Need a loan to invest in a Coffee Beanery retail Coffee franchise? Lehman Brothers Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Springfield, Pennsylvania needed money to invest in a Coffee Beanery retail Coffee franchise back in 2000. Lehman Brothers Bank, Fsb issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

COFFEE BEANERY
SPRINGFIELD, PA 19064

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

This lender provides SBA loan for small businesses 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.

SIC Code

5812 - Eating Places

Loan Approval Date

6/16/2000

Loan Approval Gross Amount

$528,400

Loan Approval from the SBA

Of the total $528,400 loan amount, the SBA guaranteed $396,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Coffee Beanery retail Coffee franchise. At the time of the loan, the company had 14 employees. This SBA loan request indicated that the loan would help retain 14 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $528,400 loan. Remember, feel the fear, and do it anyway.

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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