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May 6, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Southern Smoothie LLC Loan | ||||
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How to Get SBA Loans in West Houston, Texas
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West Houston, TX Entrepreneur Gets SBA Loan to Buy Maui Wowi FranchiseNeed money to invest in a Maui Wowi franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Maui Wowi franchise is doable. In 2002, Bank Of America issued an SBA franchise loan to an entrepreneur in West Houston, Texas. Because Maui Wowi was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower SOUTHERN SMOOTHIE LLC SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 7/16/2002 Loan Approval Gross Amount $44,500 Loan Approval from the SBA Of the total $44,500 loan amount, the SBA guaranteed $22,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Maui Wowi franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! If you want money for new small business in West Houston TX, you ought to talk with a local West Houston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Houston businesses. This SBA loan was for $44,500. How would you spend $44,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Maui Wowi Fresh Hawaiian Blends Determining Proper Capital Structure for a Business Good Banks for Small Business in Charlotte, North Carolina
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