Borrow Money to Buy a Planet Smoothie Franchise

Need a loan to invest in a Planet Smoothie franchise? Textron Financial Corp has a history of making these loans and they are guaranteed by the SBA.

Planet Smoothie franchise loans are available to Nashville, Tennessee entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Textron Financial Corp, based in Providence, Rhode Island, issued an SBA franchise loan for a Planet Smoothie franchise in 2000. We've got all the details on this Tennessee small business loan.

SBA Loan Borrower

PLANET SMOOTHIE
NASHVILLE, TN 37214

SBA Loan Lender

TEXTRON FINANCIAL CORP
40 WESMINSTER ST
PROVIDENCE, RI 02903

This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

8/7/2000

Loan Approval Gross Amount

$137,000

Loan Approval from the SBA

Of the total $137,000 loan amount, the SBA guaranteed $102,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Planet Smoothie franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Planet Smoothie

Understanding Dilution

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