Borrow Money to Buy a Planet Smoothie Franchise

Need money to buy a Planet Smoothie franchise? First National Bank - Cent. Florida has a history of making these loans and they are guaranteed by the SBA.

If you live near Orlando, Florida and are interested in buying a Planet Smoothie franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by First National Bank - Cent. Florida. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PLANET SMOOTHIE
ORLANDO, FL 32837

SBA Loan Lender

FIRST NATIONAL BANK - CENT. FLORIDA
369 N NEW YORK AVE
WINTER PARK, FL 32789

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/28/2004

Loan Approval Gross Amount

$176,000

Loan Approval from the SBA

Of the total $176,000 loan amount, the SBA guaranteed $132,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Planet Smoothie franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Orlando FL, you ought to talk with a local Orlando SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orlando businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $176,000 loan. Remember, feel the fear, and do it anyway.

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:

Planet Smoothie

Family and Friend Investors - Your First Financiers

SBA 7A Banks in Winter Park, Florida

Where to Get an SBA Loan Florida