Will Bananas Smoothies Frozen Yogurt work with franchisees to process SBA funding?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not offer direct or indirect financing to you nor do We or any of Our affiliates receive any direct or indirect payments or other consideration from any person for the placement of financing with a lender, although we cooperate with the Small Business Administration approved lenders and will work with You to help You process SBA funding through any approved lender. We do not customarily guarantee any of your notes, leases, or other obligations to third parties although our affiliate has, from time to time, given certain limited guaranties on leases (but there is no obligation to do so). In certain limited situations, our affiliate may provide a limited guaranty of your lease with a third party, if you have acceptable credit and it is the only way to obtain an exceptional location.
Source: Item 10 — FINANCING (FDD pages 37–38)
What This Means (2025 FDD)
According to Bananas Smoothies Frozen Yogurt's 2025 Franchise Disclosure Document, Bananas Smoothies Frozen Yogurt does not offer direct or indirect financing to franchisees. Nor do they or their affiliates receive payments for placing financing with a lender. However, Bananas Smoothies Frozen Yogurt states that they will cooperate with Small Business Administration (SBA) approved lenders and will work with franchisees to help process SBA funding through any approved lender.
Bananas Smoothies Frozen Yogurt does not typically guarantee a franchisee's notes, leases, or other obligations to third parties. However, in certain limited situations, their affiliate may provide a limited guaranty of the franchisee's lease with a third party if the franchisee has acceptable credit and it is the only way to obtain an exceptional location.
The FDD also states that whether, and on what terms, a franchisee can obtain financing from third parties will depend on a variety of factors, including the franchisee's own credit worthiness, the type of security they can offer, the policies of lending institutions, and the availability and cost of commercial credit generally. The FDD cautions that a franchisee may not be able to obtain a loan.