Henderson, NV Entrepreneur Gets SBA Loan to Buy Tropical Smoothie Franchise

Need a loan to invest in a Tropical Smoothie franchise? Banco Popular North America has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Tropical Smoothie franchise requires some effort but others before you have been successful. In 2007, Banco Popular North America issued an SBA franchise loan to an entrepreneur in Henderson, Nevada. Because Tropical Smoothie was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis.

SBA Loan Borrower

TROPICAL SMOOTHIE CAFE NV 1 AN
HENDERSON, NV 89052

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

7/6/2007

Loan Approval Gross Amount

$581,000

Loan Approval from the SBA

Of the total $581,000 loan amount, the SBA guaranteed $435,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Tropical Smoothie franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 12 existing jobs.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Tropical Smoothie Cafe

Attracting Investors

Banks in New York City, New York

SBA Lenders in New York