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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Orlando, Business Loans > First Comm. Bank - Florida Orlando Business Loans > Planet Smoothie Loan | ||||
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First Comm. Bank - Florida Small Business Franchise Loan
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First Comm. Bank - Florida Provides SBA Loan to Buy Planet Smoothie FranchiseNeed money to invest in a Planet Smoothie franchise? First Comm. Bank - Florida has a history of making these loans and they are guaranteed by the SBA. If you live near Lake Mary, Florida and are interested in buying a Planet Smoothie franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by First Comm. Bank - Florida. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower PLANET SMOOTHIE SBA Loan Lender FIRST COMM. BANK - FLORIDA This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/20/2004 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Planet Smoothie franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 10 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Comm. Bank - Florida and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Realistic Debt Financing Options SBA Participating Banks in Orlando, Florida
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