Overland Park, KS Entrepreneur Gets SBA Loan to Buy Smoothie King health Food Store Franchise

Need money to invest in a Smoothie King health Food Store franchise? Lehman Brothers Bank, Fsb has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Overland Park, Kansas needed money to invest in a Smoothie King health Food Store franchise back in 2001. Lehman Brothers Bank, Fsb issued an SBA franchise loan. Here are the details on this Kansas small business loan.

SBA Loan Borrower

SMOOTHIE KING
OVERLAND PARK, KS 66219

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
101 SUMMER ST
BOSTON, MA 02110

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

2/21/2001

Loan Approval Gross Amount

$114,000

Loan Approval from the SBA

Of the total $114,000 loan amount, the SBA guaranteed $96,900.

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 12 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you have been wondering how do i get money to start a business in Overland Park KS, you ought to talk with a local Overland Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Overland Park businesses.

We've showcased information on this loan to let you know that businesses like yours 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.

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Smoothie King

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