Community Trust Bank Provides SBA Loan to Buy Smoothie King health Food Store Franchise

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

Smoothie King health Food Store franchise loans are available to Ruston, Louisiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Trust Bank, based in Ruston, Louisiana, issued an SBA franchise loan for a Smoothie King health Food Store franchise in 2003. We've got all the details on this Louisiana small business loan.

SBA Loan Borrower

RUSTON SMOOTHIE LLC
RUSTON, LA 71270

SBA Loan Lender

COMMUNITY TRUST BANK
1511 N TRENTON ST
RUSTON, LA 71270

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

11/24/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 10 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

Who Lends Money to Small Businesses in Ruston, Louisiana

Louisiana SBA Banks