Semi Valley, CA Entrepreneur Gets SBA Loan to Buy Planet Smoothie Franchise

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

An entrepreneur in Semi Valley, California needed money to invest in a Planet Smoothie franchise back in 2004. Wells Fargo Bank issued an SBA franchise loan. Here are the details on this California small business loan.

SBA Loan Borrower

NEMOONEH LLC
SEMI VALLEY, CA 93063

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/30/2004

Loan Approval Gross Amount

$145,200

Loan Approval from the SBA

Of the total $145,200 loan amount, the SBA guaranteed $123,420.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Planet Smoothie franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Semi Valley or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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