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May 2, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Orlando, Business Loans > First Comm. Bank - Florida Orlando Business Loans > Planet Smoothie Loan | ||||
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Small Business Banks for Winter Park, Florida Small Businesses
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Winter Park, FL Entrepreneur Gets SBA Loan to Buy Planet Smoothie FranchiseNeed money to buy a Planet Smoothie franchise? First Comm. Bank - Florida has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Winter Park, Florida needed money to invest in a Planet Smoothie franchise back in 2004. First Comm. Bank - Florida issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower PLANET SMOOTHIE SBA Loan Lender FIRST COMM. BANK - FLORIDA This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and are well trained in SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/12/2004 Loan Approval Gross Amount $227,000 Loan Approval from the SBA Of the total $227,000 loan amount, the SBA guaranteed $170,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Planet Smoothie franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 First Comm. Bank - Florida 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: Obtaining Funding - Getting Venture Capital Good Banks for Small Business in Orlando, Florida
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