Slidell, LA Entrepreneur Gets SBA Loan to Buy Smoothie King health Food Store Franchise

Need a loan to invest in a Smoothie King health Food Store franchise? Liberty Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

If you live near Slidell, Louisiana and are interested in buying a Smoothie King health Food Store franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by Liberty Bank & Trust Company. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SMOOTHIE KING
SLIDELL, LA 70458

SBA Loan Lender

LIBERTY BANK & TRUST COMPANY
6600 PLAZA DR, STE 108
NEW ORLEANS, LA 70127

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/29/2001

Loan Approval Gross Amount

$107,400

Loan Approval from the SBA

Of the total $107,400 loan amount, the SBA guaranteed $91,290.

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 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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.

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