Oklahoma Entrepreneur Secures Financing to Buy Tropical Smoothie Franchise
Need money to purchase a Tropical Smoothie franchise? Bancfirst has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Tropical Smoothie franchise is doable. In 2004, Bancfirst issued an SBA franchise loan to an entrepreneur in Tulsa, Oklahoma. Because Tropical Smoothie was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.
SBA Loan Borrower
TROPICAL SMOOTHIE CAFE
TULSA, OK 74136
SBA Loan Lender
401 S DEWEY AVE
BARTLESVILLE, OK 74003
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Tropical Smoothie franchise. At the time of the loan, the company
had 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
Tropical Smoothie Cafe
Banks in Bartlesville, Oklahoma
Oklahoma SBA Bank Lenders