Citizens Bank & Savings Co Provides SBA Loan to Buy Orange Julius Franchise

Need money to purchase an Orange Julius franchise? Citizens Bank & Savings Co has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Orange Julius franchise? If so, here's a 2001 SBA franchise loan that you should know about. Citizens Bank & Savings Co was the lender and the entrepreneur was based in Florence, Alabama.

SBA Loan Borrower

ORANGE JULIUS
FLORENCE, AL 35630

SBA Loan Lender

CITIZENS BANK & SAVINGS CO
320 S PINE ST
FLORENCE, AL 35630

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/7/2001

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Orange Julius franchise. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Orange Julius of America

Obtaining Funding From a Venture Capitalist

Who Lends Money to Small Businesses in Florence, Alabama

Alabama SBA 7A Lenders