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April 20, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Birmingham, Business Loans > Wachovia Bank Birmingham Business Loans > Tropical Smoothie Cafe And Del Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Wachovia Bank Provides SBA Loan to Buy Tropical Smoothie FranchiseNeed money to invest in a Tropical Smoothie franchise? Wachovia Bank has a history of making these loans and they are guaranteed by the SBA. Tropical Smoothie franchise loans are available to Madison, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wachovia Bank, based in Birmingham, Alabama, issued an SBA franchise loan for a Tropical Smoothie franchise in 2004. We've got all the details on this Alabama small business loan. SBA Loan Borrower TROPICAL SMOOTHIE CAFE AND DEL SBA Loan Lender WACHOVIA BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 3/9/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. 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 no employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wachovia 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: Small Bank Loans in Birmingham, Alabama
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