Loan to Buy Daily Grind Franchise Issued By The Peoples Bank

Need money to invest in a Daily Grind franchise? The Peoples Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Daily Grind franchise requires some effort but others before you have been successful. In 2007, The Peoples Bank issued an SBA franchise loan to an entrepreneur in Wichita, Kansas. Because Daily Grind was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

DAILY GRIND
WICHITA, KS 67202

SBA Loan Lender

THE PEOPLES BANK
222 S MAIN ST
PRATT, KS 67124

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 SBA 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

11/15/2007

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Daily Grind franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the borrowed money would help generate 6 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 $320,000 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.

Related Links:

Daily Grind Coffee House and Café

Business Credit Evaluation

SBA Approved Banks in Pratt, Kansas

SBA Lenders in Kansas