SBA lending record
ESSENTIAL COFFEE & TEA INC
1555 West Sepulveda Blvd Ste A-C, Los Angeles, CA 90501 · Snack and Nonalcoholic Beverage Bars. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$405K
Total SBA financing
1
Loan on record
FY2024
On record
4
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
Is ESSENTIAL COFFEE & TEA INC your business?
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The loan
$405,000 — FY2024
- Gross approval
- $405,000
- SBA guaranteed
- $303,750 (75%)
- Status
- Current
- Rate at approval
- 10.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 3/15/2024
- First disbursement
- 3/28/2024
- Days to fund
- 13 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
The lender
Royal Business Bank
1 loan to this business- Total assets
- $4186.5B
- Deposits
- $3385.9B
- Loans outstanding
- $3281.6B
- Net income
- $12.6B
- Return on assets
- 1.201866130606967%
- Return on equity
- 8.27%
- Total equity
- $615.4B
- Offices
- 25
- Founded
- 11/1
- Headquarters
- 1055 Wilshire Blvd, Los Angeles, CA, 90017
- FDIC cert
- 58816
- Website
- www.royalbusinessbankusa.com
Is ESSENTIAL COFFEE & TEA INC your business?
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with ESSENTIAL COFFEE & TEA INC.