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May 5, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lufkin, Business Loans > Commercial Bank Of Texas Lufkin Business Loans > Smoothie King Loan | ||||
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Lufkin, Texas Bank for SBA Loans
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Commercial Bank Of Texas Provides SBA Loan to Buy Smoothie King health Food Store FranchiseNeed a loan to purchase a Smoothie King health Food Store franchise? Commercial Bank Of Texas has a history of making these loans and they are guaranteed by the SBA. Smoothie King health Food Store franchise loans are available to Lufkin, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commercial Bank Of Texas, based in Lufkin, Texas, issued an SBA franchise loan for a Smoothie King health Food Store franchise in 2003. We've got all the details on this Texas small business loan. SBA Loan Borrower SMOOTHIE KING SBA Loan Lender COMMERCIAL BANK OF TEXAS This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 9/30/2003 Loan Approval Gross Amount $97,600 Loan Approval from the SBA Of the total $97,600 loan amount, the SBA guaranteed $82,960. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Smoothie King health Food Store franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Commercial Bank Of Texas are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Advice on Getting a Small Business Loan Where to Get an SBA Loan in Lufkin, Texas
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