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April 28, 2024  
 
 
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Loan Census SBA Loan Info

Florida Entrepreneur Secures Financing to Buy Planet Smoothie Franchise

Need money to invest in a Planet Smoothie franchise? First Comm. Bank - Florida has a history of making these loans and they are guaranteed by the SBA.

Planet Smoothie franchise loans are available to Lake Mary, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Comm. Bank - Florida, based in Orlando, Florida, issued an SBA franchise loan for a Planet Smoothie franchise in 2006. We've got all the details on this Florida small business loan.

SBA Loan Borrower

PLANET SMOOTHIE
LAKE MARY, FL 32746

SBA Loan Lender

FIRST COMM. BANK - FLORIDA
945 S ORANGE AVE
ORLANDO, FL 32806

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/14/2006

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

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 35 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 37 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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:

Planet Smoothie

Role of Business Plan When Raising Money

Who Lends Money to Small Businesses in Orlando, Florida

Where to Get an SBA Loan Florida