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April 27, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Tropical Smoothie Cafe Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Nevada Entrepreneur Secures Financing to Buy Tropical Smoothie FranchiseBorrowing money to invest in a Tropical Smoothie franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Tropical Smoothie franchise shouldn't be overly burdensome. In 2007, Wells Fargo Bank issued an SBA franchise loan to an entrepreneur in Las Vegas, Nevada. Because Tropical Smoothie was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis. 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 bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 3/8/2007 Loan Approval Gross Amount $684,500 Loan Approval from the SBA Of the total $684,500 loan amount, the SBA guaranteed $513,375. 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 35 employees. The loan application indicated that the loan would help retain 35 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Participating Banks in Sioux Falls, South Dakota Find an SBA Lender in South Dakota
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