Loan Census Banking News and Information
November 15, 2024  
 
 
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First Comm. Bank - Florida SBA 7A Franchise Loans

 

 
Loan Census SBA Loan Info

Florida Entrepreneur Secures Financing to Buy Planet Smoothie Franchise

Need a loan to buy a Planet Smoothie franchise? First Comm. Bank - Florida has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Planet Smoothie franchise shouldn't be overly burdensome. In 2007, First Comm. Bank - Florida issued an SBA franchise loan to an entrepreneur in Winter Garden, Florida. Because Planet Smoothie was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

PLANET SMOOTHIE
WINTER GARDEN, FL 34787

SBA Loan Lender

FIRST COMM. BANK - FLORIDA
3505 W LAKE MARY BLVD
LAKE MARY, FL 32746

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide 7A business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

8/1/2007

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $157,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Planet Smoothie franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the borrowed money would help create 10 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Comm. Bank - Florida and they will explain how you can get an SBA loan for your company.

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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