Coppell, TX Entrepreneur Gets SBA Loan to Buy Smoothie Factory Franchise

Need a loan to invest in a Smoothie Factory franchise? United Community Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Smoothie Factory franchise? If so, here's a 2003 SBA franchise loan that you should know about. United Community Bank was the lender and the entrepreneur was based in Coppell, Texas.

SBA Loan Borrower

JSB NUTRITION, INC.
COPPELL, TX 75019

SBA Loan Lender

UNITED COMMUNITY BANK
2100 FM 407
HIGHLAND VILLAGE, TX 75077

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

3/26/2003

Loan Approval Gross Amount

$197,500

Loan Approval from the SBA

Of the total $197,500 loan amount, the SBA guaranteed $148,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Smoothie Factory franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Smoothie Factory

Alternative Financing

SBA 7A Lenders in Highland Village, Texas

Texas SBA 7A Banks