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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Stuart, Business Loans > Riverside National Bank - Florida Stuart Business Loans > Tropical Smoothie Loan | ||||
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Port Saint Lucie, Florida Bank Loan
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Borrow Money to Buy a Tropical Smoothie FranchiseNeed money to buy a Tropical Smoothie franchise? Riverside National Bank - Florida has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Port Saint Lucie, Florida needed money to invest in a Tropical Smoothie franchise back in 2005. Riverside National Bank - Florida issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower TROPICAL SMOOTHIE SBA Loan Lender RIVERSIDE NATIONAL BANK - FLORIDA This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/12/2005 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Tropical Smoothie franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: How Much Venture Capital Is There? Browse All Business Loan Sources for Florida
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