 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > California Business Loan Sources > Irvine, Business Loans > Metropacific Bank Irvine Business Loans > Smoothie King #436 Loan | ||||
 |
||||
California Small Business Funding for Franchises
|
||||
 |
Borrow Money to Buy a Smoothie King health Food Store FranchiseNeed a loan to invest in a Smoothie King health Food Store franchise? Metropacific Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Smoothie King health Food Store franchise requires some effort but others before you have been successful. In 2005, Metropacific Bank issued an SBA franchise loan to an entrepreneur in Aliso Viejo, California. Because Smoothie King health Food Store was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis. SBA Loan Borrower SMOOTHIE KING #436 SBA Loan Lender METROPACIFIC BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 446191 - Food Supplement Stores Loan Approval Date 9/13/2005 Loan Approval Gross Amount $145,000 Loan Approval from the SBA Of the total $145,000 loan amount, the SBA guaranteed $123,250. 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 4 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Accountant's Role in Securing Financing Best Banks in Irvine, California Getting an SBA Loan in California
|
|
||
|
||||
|
|
||||