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May 3, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Virginia Beach, Business Loans > Resource Bank Virginia Beach Business Loans > Tropical Smoothie Loan | ||||
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Business Loans for Chesapeake Businesses
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Chesapeake, VA Entrepreneur Gets SBA Loan to Buy Tropical Smoothie FranchiseNeed money to purchase a Tropical Smoothie franchise? Resource Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chesapeake, Virginia needed money to invest in a Tropical Smoothie franchise back in 2002. Resource Bank issued an SBA franchise loan. Here are the details on this Virginia small business loan. SBA Loan Borrower TROPICAL SMOOTHIE SBA Loan Lender RESOURCE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/21/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Tropical Smoothie franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Chesapeake VA, you ought to talk with a local Chesapeake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chesapeake businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Obtaining Funding - How to Borrow Money SBA 7A Banks for Virginia Beach, Virginia Loans
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