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May 5, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Owings Mills, Business Loans > K Bank Owings Mills Business Loans > Smoothie King Loan | ||||
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SBA Franchise Financing Lender Towson Maryland
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Loan to Buy Smoothie King health Food Store Franchise Issued By K BankBorrowing money to purchase a Smoothie King health Food Store franchise? K Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Towson, Maryland needed money to invest in a Smoothie King health Food Store franchise back in 2007. K Bank issued an SBA franchise loan. Here are the details on this Maryland small business loan. SBA Loan Borrower SMOOTHIE KING SBA Loan Lender K BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 9/11/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Smoothie King health Food Store franchise. At the time of the loan, the company had 20 employees. The loan application indicated that the loan would help retain 20 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Banks in Owings Mills, Maryland Where to Get an SBA Loan Maryland
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