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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > The Smoothie Factory Of Rowlet Loan | ||||
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Mesquite, Texas Bank for SBA Loans
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Texas Entrepreneur Secures Financing to Buy Smoothie Factory FranchiseBorrowing money to purchase a Smoothie Factory franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Mesquite, Texas needed money to invest in a Smoothie Factory franchise back in 2002. Compass Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower THE SMOOTHIE FACTORY OF ROWLET SBA Loan Lender COMPASS BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 8/8/2002 Loan Approval Gross Amount $102,100 Loan Approval from the SBA Of the total $102,100 loan amount, the SBA guaranteed $86,785. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Smoothie Factory franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $102,100 loan. Remember, anyone can do it... so why not 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:
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