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May 3, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Indianapolis, Business Loans > Fifth Third Bank Indianapolis Business Loans > Smoothie King Loan | ||||
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Good Sources for Indianapolis SBA Loans
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Indiana Entrepreneur Secures Financing to Buy Smoothie King health Food Store FranchiseNeed money to buy a Smoothie King health Food Store franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Smoothie King health Food Store franchise is doable. In 2003, Fifth Third Bank issued an SBA franchise loan to an entrepreneur in Indianapolis, Indiana. Because Smoothie King health Food Store was registered with the SBA's registry of franchises, this Indiana small business loan was issued on an expedited basis. SBA Loan Borrower SMOOTHIE KING SBA Loan Lender FIFTH THIRD BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/17/2003 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. 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 10 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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. Related Links: Best Banks in Indianapolis, Indiana
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