Euless, TX Entrepreneur Gets SBA Loan to Buy Smoothie King health Food Store Franchise

Need money to purchase a Smoothie King health Food Store franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Euless, Texas needed money to invest in a Smoothie King health Food Store franchise back in 2007. Banco Popular North America issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

SMOOTHIE KING
EULESS, TX 76039

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

5/31/2007

Loan Approval Gross Amount

$205,900

Loan Approval from the SBA

Of the total $205,900 loan amount, the SBA guaranteed $154,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Smoothie King health Food Store franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 13 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Euless TX, you ought to talk with a local Euless SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Euless businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $205,900 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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