Borrow Money to Buy a Tropical Smoothie Franchise
Borrowing money to buy a Tropical Smoothie franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Tropical Smoothie franchise is doable. In 2006, M&i Marshall & Ilsley Bank issued an SBA franchise loan to an entrepreneur in Chandler, Arizona. Because Tropical Smoothie was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.
SBA Loan Borrower
HONG ENTERPRISES LLC
CHANDLER, AZ 85249
SBA Loan Lender
M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
9/26/2006
Loan Approval Gross Amount
$217,000
Loan Approval from the SBA
Of the total $217,000 loan amount, the SBA guaranteed $162,750.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 13 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you want money for new small business in Chandler AZ, you ought to talk with a local Chandler SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chandler businesses.
We can help you find the best banks for small businesses in Chandler 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.
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