Tropical Smoothie Café Franchisee Secures SBA Loan to Open First Location in Idaho

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BoeFly connects Boise, Idaho borrower with a start-up loan of $245,000 to open Idaho’s first Tropical Smoothie Café franchise

Tropical Smoothie LogoBoeFly announced today that it connected Angie Frost, a Tropical Smoothie Café franchisee in Boise, Idaho, with a local bank for a $245,000 SBA-guaranteed start-up loan. Tropical Smoothie Café has more than 300 locations across the country. Frost’s Boise location will be the first Tropical Smoothie Café in Idaho.

“I knew financing would be difficult when I decided to become a first-time business owner, and BoeFly’s service was extremely helpful in connecting me with a lender,” said Frost, who has previous experience in hospitality. “It would have taken me months to connect with the lenders I found on BoeFly.  I look forward to opening for business and bringing Idaho its first Tropical Smoothie Café location.”

With the assistance of BoeFly, Frost was able to connect with multiple lenders and chose to work with Mark Stephenson, Vice President of SBA Lending at Mountain West Bank in Boise, for the loan of $245,000.

“We are always on the lookout for worthy business borrowers, and we are very pleased to have met our new client on BoeFly,” said Stephenson. “When I reviewed Angie’s financing request, I was impressed to find 19 supporting documents – all the files I needed in order to move forward and close a deal.”

Read the full article on prlog.com