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May 3, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Virginia Beach, Business Loans > Resource Bank Virginia Beach Business Loans > Tropical Smoothie Cafe Loan | ||||
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SBA Franchise Financing Lender Virginia Beach Virginia
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Resource Bank Provides SBA Loan to Buy Tropical Smoothie FranchiseBorrowing money to purchase a Tropical Smoothie franchise? Resource Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Tropical Smoothie franchise? If so, here's a 2004 SBA franchise loan that you should know about. Resource Bank was the lender and the entrepreneur was based in Virginia Beach, Virginia. SBA Loan Borrower TROPICAL SMOOTHIE CAFE SBA Loan Lender RESOURCE BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/15/2004 Loan Approval Gross Amount $255,000 Loan Approval from the SBA Of the total $255,000 loan amount, the SBA guaranteed $191,250. 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 2 employees. The SBA loan documents indicated that the loan would help generate 16 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Resource Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Business Banks in Virginia Beach, Virginia SBA Participating Banks in Virginia
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