Goleta, California Bank Lends Money to Tropical Smoothie Cafe in Miami, Florida

A Goleta, California SBA loan can be yours. Learn how Tropical Smoothie Cafe got a $366,500 business loan from this California bank.

This loan to Tropical Smoothie Cafe is a good example of an SBA loan. Community W. Bank made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

TROPICAL SMOOTHIE CAFE
12161 SW 152ND ST
MIAMI, FL 33177

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

7/27/2007

Loan Approval Gross Amount

$366,500

Loan Approval from the SBA

Of the total $366,500 loan amount, the SBA guaranteed $274,875.

More Information on This SBA Loan

The borrower, Tropical Smoothie Cafe, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Small Business Loan

Small Bank Loans in Goleta, California

California SBA 7A Lenders

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