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November 14, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Providence, Business Loans > Textron Business Credit, Inc. Providence Business Loans > Planet Smoothie Loan | ||||
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Loans to Buy a Franchise in Georgia
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Borrow Money to Buy a Planet Smoothie FranchiseNeed a loan to purchase a Planet Smoothie franchise? Textron Business Credit, Inc. has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Alpharetta, Georgia needed money to invest in a Planet Smoothie franchise back in 2000. Textron Business Credit, Inc. issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower PLANET SMOOTHIE SBA Loan Lender TEXTRON BUSINESS CREDIT, INC. Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 8/22/2000 Loan Approval Gross Amount $212,000 Loan Approval from the SBA Of the total $212,000 loan amount, the SBA guaranteed $159,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Planet Smoothie franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the funding would help create 12 new jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Alpharetta or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Good Banks for Small Business in Providence, Rhode Island
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