Borrow Money to Buy a Smoothie Factory Franchise

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

Smoothie Factory franchise loans are available to Mesquite, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Colonial Bank, based in Mesquite, Texas, issued an SBA franchise loan for a Smoothie Factory franchise in 2000. We've got all the details on this Texas small business loan.

SBA Loan Borrower

THE SMOOTHIE FACTORY OF MESQUI
MESQUITE, TX 75150

SBA Loan Lender

COLONIAL BANK
1522 GROSS RD
MESQUITE, TX 75149

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a 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. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

1/27/2000

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Smoothie Factory franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

If you are working on finding money to start a business in Mesquite TX, you ought to talk with a local Mesquite SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mesquite businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Colonial Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 Factory

SBIR Funding

SBA Participating Banks in Mesquite, Texas

Getting a Business Loan in Texas