Florida Entrepreneur Secures Financing to Buy Smoothie King health Food Store Franchise

Need money to invest in a Smoothie King health Food Store franchise? Fairwinds Cu has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Smoothie King health Food Store franchise shouldn't be too tough. In 2005, Fairwinds Cu issued an SBA franchise loan to an entrepreneur in Orlando, Florida. Because Smoothie King health Food Store was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

ORLANDO SMOOTHIE, LLC.
ORLANDO, FL 32816

SBA Loan Lender

FAIRWINDS CU
135 W CENTRAL BLVD, STE 1220
ORLANDO, FL 32801

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422480 - Fresh Fruit and Vegetable Wholesalers

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$99,848

Loan Approval from the SBA

Of the total $99,848 loan amount, the SBA guaranteed $84,870.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Smoothie King health Food Store franchise. At the time of the loan, the company had 20 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds 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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Fairwinds Cu and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 King

Understanding Dilution

SBA 7A Banks in Orlando, Florida

Getting an SBA Loan in Florida