Loan to Buy Tropik Sun Fruit & Nut Franchise Issued By First Bank & Trust Company

Need money to invest in a Tropik Sun Fruit & Nut franchise? First Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lubbock, Texas needed money to invest in a Tropik Sun Fruit & Nut franchise back in 2001. First Bank & Trust Company issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

TROPIK SUN FRUIT & NUT
LUBBOCK, TX 79424

SBA Loan Lender

FIRST BANK & TRUST COMPANY
7806 INDIANA AVE
LUBBOCK, TX 79423

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

7/19/2001

Loan Approval Gross Amount

$49,300

Loan Approval from the SBA

Of the total $49,300 loan amount, the SBA guaranteed $41,905.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tropik Sun Fruit & Nut franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours 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.

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