United Community Bank Provides SBA Loan to Buy Smoothie Factory Franchise

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

Smoothie Factory franchise loans are available to Dallas, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Community Bank, based in Highland Village, Texas, issued an SBA franchise loan for a Smoothie Factory franchise in 2002. We've got all the details on this Texas small business loan.

SBA Loan Borrower

SMOOTHIE FACTORY, INC.
DALLAS, TX 75229

SBA Loan Lender

UNITED COMMUNITY BANK
2100 FM 407
HIGHLAND VILLAGE, TX 75077

This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and are well trained in SBA policies and procedures.

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

7/5/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 SBA loan documents indicated that the loan would help retain 12 existing jobs.

Getting an SBA Loan For Your Business

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

Bank Credit Lines

SBA Approved Banks in Highland Village, Texas

SBA Texas Banks