Borrow Money to Buy a Smoothie King health Food Store Franchise

Need money to invest in a Smoothie King health Food Store franchise? Capital One has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Smoothie King health Food Store franchise? If so, here's a 2004 SBA franchise loan that you should know about. Capital One was the lender and the entrepreneur was based in Dallas, Texas.

SBA Loan Borrower

SMOOTHIE KING
DALLAS, TX 75249

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

4/19/2004

Loan Approval Gross Amount

$132,700

Loan Approval from the SBA

Of the total $132,700 loan amount, the SBA guaranteed $112,795.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Smoothie King health Food Store franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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Smoothie King

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Getting an SBA Loan in Virginia