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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Friendswood, Business Loans > Texas First Bank Santa Fe Friendswood Business Loans > Smoothie King Loan | ||||
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Business Loans for Sugarland Business Owners
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Texas Entrepreneur Secures Financing to Buy Smoothie King health Food Store FranchiseBorrowing money to purchase a Smoothie King health Food Store franchise? Texas First Bank Santa Fe has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Smoothie King health Food Store franchise? If so, here's a 2003 SBA franchise loan that you should know about. Texas First Bank Santa Fe was the lender and the entrepreneur was based in Sugarland, Texas. SBA Loan Borrower SMOOTHIE KING SBA Loan Lender TEXAS FIRST BANK SANTA FE This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA 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 10/6/2003 Loan Approval Gross Amount $112,500 Loan Approval from the SBA Of the total $112,500 loan amount, the SBA guaranteed $95,625. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Smoothie King health Food Store franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Texas First Bank Santa Fe had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Texas First Bank Santa Fe made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Friendswood, Texas Browse All Business Loan Sources for Texas
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