Coffee Emporium
Coffee Emporium, located in North Liberty, Iowa, operates in the snack and nonalcoholic beverage bars industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1.22 million, approved on July 11, 2024, through First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Jul 11, 2024
$1,222,000 approvedLender: First Internet Bank of Indiana109 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,222,000
- SBA-guaranteed amount
- $916,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 9 years, 1 month (109 months)
- Estimated maturity
- August 11, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $17,946 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Project location
- Johnson County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- Average acquisition loan in Iowa: $1,701,244.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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