Commercial Bank Of Texas Provides SBA Loan to Buy Smoothie King health Food Store Franchise

Need a loan to purchase a Smoothie King health Food Store franchise? Commercial Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.

Smoothie King health Food Store franchise loans are available to Lufkin, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Commercial Bank Of Texas, based in Lufkin, Texas, issued an SBA franchise loan for a Smoothie King health Food Store franchise in 2003. We've got all the details on this Texas small business loan.

SBA Loan Borrower

SMOOTHIE KING
LUFKIN, TX 75901

SBA Loan Lender

COMMERCIAL BANK OF TEXAS
600 S FIRST ST
LUFKIN, TX 75901

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/30/2003

Loan Approval Gross Amount

$97,600

Loan Approval from the SBA

Of the total $97,600 loan amount, the SBA guaranteed $82,960.

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 10 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

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

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Commercial Bank Of Texas are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Smoothie King

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in Lufkin, Texas

Texas SBA 7A Lenders