Phoenix, AZ Entrepreneur Gets SBA Loan to Buy Smoothie King health Food Store Franchise

Need a loan to invest in a Smoothie King health Food Store franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Phoenix, Arizona and are interested in buying a Smoothie King health Food Store franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by M&i Marshall & Ilsley Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SMOOTHIE KING
PHOENIX, AZ 85032

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
ONE E CAMELBACK RD
PHOENIX, AZ 85012

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

5149 - Groceries and Related Products

Loan Approval Date

9/20/2000

Loan Approval Gross Amount

$58,000

Loan Approval from the SBA

Of the total $58,000 loan amount, the SBA guaranteed $29,000.

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 only one employee. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. M&i Marshall & Ilsley Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, M&i Marshall & Ilsley Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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

Getting a Small Business Loan

SBA 7A Banks for Phoenix, Arizona Loans

Arizona SBA Bank Lenders