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November 15, 2024 |
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| Home > Small Business Lenders by State > District of Columbia Business Loan Sources > Annapolis, Business Loans > Commercefirst Bank Annapolis Business Loans > America's Best Coffee, LLC Loan | ||||
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I Need an SBA Loan to Buy a Franchise in Washington, District of Columbia
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Borrow Money to Buy a Seattle's Best Coffee FranchiseNeed a loan to invest in a Seattle's Best Coffee franchise? Commercefirst Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Seattle's Best Coffee franchise shouldn't be overly burdensome. In 2004, Commercefirst Bank issued an SBA franchise loan to an entrepreneur in Washington, District of Columbia. Because Seattle's Best Coffee was registered with the SBA's registry of franchises, this District of Columbia small business loan was issued on an expedited basis. SBA Loan Borrower AMERICA'S BEST COFFEE, LLC SBA Loan Lender COMMERCEFIRST BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 12/15/2004 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Seattle's Best Coffee franchise. At the time of the loan, the company had 13 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you need seed money for a small 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. Related Links: Realistic Debt Financing Options Small Bank Loans in Annapolis, Maryland
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