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April 29, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Las Vegas, Business Loans > Wells Fargo Bank Las Vegas Business Loans > Tropical Smoothie Cafe Loan | ||||
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Raising Money in Las Vegas, Nevada With SBA Loans
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Nevada Entrepreneur Secures Financing to Buy Tropical Smoothie FranchiseNeed a loan to purchase a Tropical Smoothie franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Las Vegas, Nevada needed money to invest in a Tropical Smoothie franchise back in 2006. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this Nevada small business loan. SBA Loan Borrower TROPICAL SMOOTHIE CAFE SBA Loan Lender WELLS FARGO BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/29/2006 Loan Approval Gross Amount $269,200 Loan Approval from the SBA Of the total $269,200 loan amount, the SBA guaranteed $201,900. 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 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. While you may be able to find business people willing to loan money, 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. Related Links: Raising VC Money for Social Networking Companies Where to Get an SBA Loan in Las Vegas, Nevada SBA Participating Banks in Nevada
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