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November 22, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Chicago, Business Loans > The Foster Bank Chicago Business Loans > Planet Smoothie Loan | ||||
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I Need a Business Loan to Buy a Franchise in Marietta, Georgia
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Loan to Buy Planet Smoothie Franchise Issued By The Foster BankBorrowing money to buy a Planet Smoothie franchise? The Foster Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Marietta, Georgia needed money to invest in a Planet Smoothie franchise back in 2003. The Foster Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower PLANET SMOOTHIE SBA Loan Lender THE FOSTER BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 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. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/21/2003 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. 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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Marietta or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Family and Friend Investors - Your First Financiers Small Business Banks in Chicago, Illinois
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