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May 3, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Goleta, Business Loans > Community W. Bank Goleta Business Loans > Tropical Smoothie Cafe Loan | ||||
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Sterling (census Name Sterling, Virginia Bank for SBA Loans
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Sterling (census Name Sterling, VA Entrepreneur Gets SBA Loan to Buy Tropical Smoothie FranchiseNeed a loan to purchase a Tropical Smoothie franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA. Tropical Smoothie franchise loans are available to Sterling (census Name Sterling, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community W. Bank, based in Goleta, California, issued an SBA franchise loan for a Tropical Smoothie franchise in 2007. We've got all the details on this Virginia small business loan. SBA Loan Borrower TROPICAL SMOOTHIE CAFE SBA Loan Lender COMMUNITY W. BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/19/2007 Loan Approval Gross Amount $408,000 Loan Approval from the SBA Of the total $408,000 loan amount, the SBA guaranteed $306,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Tropical Smoothie franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help create 17 new jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community W. Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Who Lends Money to Small Businesses in Goleta, California Getting an SBA Loan in California
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