West Houston, TX Entrepreneur Gets SBA Loan to Buy Maui Wowi Franchise
Need money to invest in a Maui Wowi franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Maui Wowi franchise is doable. In 2002, Bank Of America issued an SBA franchise loan to an entrepreneur in West Houston, Texas. Because Maui Wowi was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.
SBA Loan Borrower
SOUTHERN SMOOTHIE LLC
WEST HOUSTON, TX 77065
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
7/16/2002
Loan Approval Gross Amount
$44,500
Loan Approval from the SBA
Of the total $44,500 loan amount, the SBA guaranteed $22,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Maui Wowi franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help generate 18 new jobs and retain 1 existing job.
Start the Process for Getting an SBA Loan Today!
If you want money for new small business in West Houston TX, you ought to talk with a local West Houston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Houston businesses.
This SBA loan was for $44,500. How would you spend $44,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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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North Carolina SBA Banks