Nevada Entrepreneur Secures Financing to Buy Tropical Smoothie Franchise

Need a loan to purchase a Tropical Smoothie franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Tropical Smoothie franchise loans are available to Las Vegas, Nevada entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in San Jose, California, issued an SBA franchise loan for a Tropical Smoothie franchise in 2006. We've got all the details on this Nevada small business loan.

SBA Loan Borrower

TROPICAL SMOOTHIE CAFE
LAS VEGAS, NV 89135

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

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

722211 - Limited-Service Restaurants

Loan Approval Date

5/24/2006

Loan Approval Gross Amount

$344,900

Loan Approval from the SBA

Of the total $344,900 loan amount, the SBA guaranteed $258,675.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tropical Smoothie franchise. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 20 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $344,900 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

SBIR Funding

SBA 7A Banks in San Jose, California

Getting an SBA Loan in California