Community W. Bank Provides SBA Loan to Buy Tropical Smoothie Franchise
Borrowing money to buy a Tropical Smoothie franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Tropical Smoothie franchise? If so, here's a 2007 SBA franchise loan that you should know about. Community W. Bank was the lender and the entrepreneur was based in Miami, Florida.
SBA Loan Borrower
TROPICAL SMOOTHIE CAFE
MIAMI, FL 33131
SBA Loan Lender
COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
7/11/2007
Loan Approval Gross Amount
$275,000
Loan Approval from the SBA
Of the total $275,000 loan amount, the SBA guaranteed $206,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Tropical Smoothie franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 11 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
If you have been wondering how do i get money to start a business in Miami FL, you ought to talk with a local Miami SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Miami businesses.
We can help you find the best banks for small businesses in Miami 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:
Tropical Smoothie Cafe
Obtaining Funding - How to Decide How Much to Raise
Who Lends Money to Small Businesses in Goleta, California
Where to Get an SBA Loan California