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November 25, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Laredo, Business Loans > Falcon International Bank Laredo Business Loans > Smoothie King Loan | ||||
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Laredo, Texas Bank Loan
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Falcon International Bank Provides SBA Loan to Buy Smoothie King health Food Store FranchiseNeed money to buy a Smoothie King health Food Store franchise? Falcon International Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Laredo, Texas needed money to invest in a Smoothie King health Food Store franchise back in 2007. Falcon International Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower SMOOTHIE KING SBA Loan Lender FALCON INTERNATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/21/2007 Loan Approval Gross Amount $183,206 Loan Approval from the SBA Of the total $183,206 loan amount, the SBA guaranteed $137,405. 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 only one employee. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Microlending as a Small Business Funding Source SBA 7A Lenders in Laredo, Texas
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