Austin, Texas Lender Lends Money to Cedar Perk Coffee Company

Get SBA loans from an Austin, Texas bank that knows how to treat small business owners right! If Cedar Perk Coffee Company can get a loan, there's no reason you can't do it too.

American Bank Of Commerce is a Austin, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Cedar Perk Coffee Company a Texas company.

SBA Loan Borrower

CEDAR PERK COFFEE COMPANY
200 BUTTERCUP CREEK BLVD.STE
CEDAR PARK, TX 78613

SBA Loan Lender

AMERICAN BANK OF COMMERCE
10920 LAKELINE MALL DR
AUSTIN, TX 78717

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

11/13/2003

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $74,800.

More Information on This SBA Loan

The borrower, Cedar Perk Coffee Company, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. This loan was paid in full, and was closed out on 11/2/2007.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If Cedar Perk Coffee Company can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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