Loan to Buy Smoothie Factory Franchise Issued By United Community Bank

Need a loan to buy 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 Flower Mound, Texas.

SBA Loan Borrower

SMOOTHIE FACTORY
FLOWER MOUND, TX 75028

SBA Loan Lender

UNITED COMMUNITY BANK
2100 FM 407
HIGHLAND VILLAGE, TX 75077

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/14/2003

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 a new business. This loan was used to buy a Smoothie Factory franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Flower Mound TX, you ought to talk with a local Flower Mound SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Flower Mound businesses.

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.

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