Citizens Bank Smoothie King SBA Loans in Florida — 9 Funded
Florida loan data 2016–2025 · Updated June 2026
Citizens Bank has funded 9 SBA loans to Smoothie King franchisees in Florida, totaling $3.6M in approved financing across 9 cities and 7 congressional districts.
The average Smoothie King loan in Florida from Citizens Bank is $404K at a 7.25% average interest rate, with terms averaging 123 months. The Florida default rate is 0% based on 5 resolved loans. Florida represents 22.5% of Citizens Bank's total Smoothie King lending nationally. These loans collectively support 83 Florida jobs. SBA-guaranteed portion totals $2.8M (78.3% of approved volume). 2 of these loans were originated in the last 2 fiscal years.
How Florida Compares to Citizens Bank's National Smoothie King Lending
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Citizens Bank is one of 11+ lenders who have funded Smoothie King in Florida. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
Citizens Bank Smoothie King Loan Performance in Florida
Based on 9 SBA loans originated by Citizens Bank for Smoothie King franchisees with Florida addresses, the Florida-specific lending relationship spans 2016–2025. Of 5 resolved Florida loans, 5 were paid in full and 0 resulted in chargeoffs.
The Florida loan size range extends from $286K to $606K, indicating Citizens Bank funds both smaller single-unit Smoothie King operations and larger multi-unit or renovation projects in Florida. Each loan supports an average of 9 jobs in the local economy, and the portfolio collectively supports 83 Florida jobs. Most Florida Smoothie King loans from Citizens Bank are classified under "Snack and Nonalcoholic Beverage Bars" (NAICS).
Recent activity: Citizens Bank has originated 2 Smoothie King Florida loans in the last 2 fiscal years and 6 since fiscal year 2020. The most recent Smoothie King Florida approval recorded is from FY2026.
SBA guarantee profile: The SBA-guaranteed portion of Citizens Bank's Smoothie King Florida loans averages 78.3% of approved volume, totaling $2.8M in federally-backed exposure. 7(a) loans typically carry a 75-85% guarantee, so a higher percentage suggests a smaller-loan/SBA Express mix; lower suggests larger PLP deals where the lender retains more risk.
The 0% Florida default rate is a strong indicator of loan quality. This suggestsCitizens Bank has effective underwriting standards for Smoothie King deals in Florida and/or Florida Smoothie King franchisees have strong unit economics that support debt service. For prospective Florida borrowers, this is an encouraging signal — Citizens Bankunderstands the Smoothie King business model in this market and has a track record of successful outcomes here.
SBA Programs Used for Smoothie King Loans in Florida
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 9 | $404K | 7.25% | 123 mo |
Smoothie King Loan Size Distribution from Citizens Bank in Florida
How Citizens Bank's Smoothie King Florida loan sizes break down by deal size. Useful for sizing your own deal: where do most Florida Smoothie King approvals land?
| Loan Size Range | Loans | Avg Loan Size | % of Florida Loans |
|---|---|---|---|
| $150K-$350K | 2 | $305K | 22% |
| $350K-$750K | 7 | $433K | 78% |
How Citizens Bank Originates Smoothie King Loans in Florida
SBA delivery method matters: Preferred Lenders Program (PLP) closes 2-3 weeks faster than General Processing because the lender holds full credit authority. Citizens Bank uses 1 different Florida delivery methods for Smoothie King:
| Delivery Method | Loans | Avg Loan Size |
|---|---|---|
| Preferred Lenders Program | 9 | $404K |
Where in Florida Citizens Bank Funds Smoothie King Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Coral Springs | 1 | $286K | $286K | 0% — Low Risk |
| Delray Beach | 1 | $606K | $606K | N/A |
| Venice | 1 | $408K | $408K | N/A |
| Coral Springs | 1 | $323K | $323K | 0% — Low Risk |
| Jensen Beach | 1 | $355K | $355K | 0% — Low Risk |
| Navarre | 1 | $517K | $517K | N/A |
| North Miami Beach | 1 | $392K | $392K | 0% — Low Risk |
| Davie | 1 | $400K | $400K | 0% — Low Risk |
| Miami | 1 | $350K | $350K | N/A |
Citizens Bank's strongest Smoothie King lending presence in Florida is concentrated in Coral Springs (1 loans), Delray Beach (1 loans), Venice (1 loans).
Citizens Bank Smoothie King Lending in Florida Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2026 | 1 | $408K | $408K | 9.75% |
| 2025 | 1 | $606K | $606K | 10% |
| 2022 | 2 | $434K | $867K | 6.5% |
| 2021 | 2 | $396K | $791K | 5.88% |
| 2018 | 1 | $323K | $323K | 7.75% |
| 2017 | 1 | $286K | $286K | 6.75% |
| 2016 | 1 | $355K | $355K | 6.25% |
Other Lenders That Fund Smoothie King in Florida
Citizens Bank is not the only lender funding Smoothie King in Florida. Compare 10 other banks who have originated Smoothie King SBA loans to Florida borrowers.
| Lender | Florida Loans | Avg Size | Default Rate |
|---|---|---|---|
| Citizens Bank (this page) | 9 | $404K | 0% — Low Risk |
| Transamerica Small Business Capital, Inc. | 4 | $80K | 25% — High Risk |
| First-Citizens Bank & Trust Company | 4 | $215K | 0% — Low Risk |
| United Community Bank | 3 | $453K | 0% — Low Risk |
| Community West Bank | 3 | $233K | 50% — High Risk |
| Newtek Small Business Finance, Inc. | 3 | $174K | 0% — Low Risk |
| Readycap Lending, LLC | 3 | $272K | 33.3% — High Risk |
| Georgia Banking Company | 2 | $327K | 0% — Low Risk |
| JPMorgan Chase Bank, National Association | 2 | $118K | 0% — Low Risk |
| Mechanics and Farmers Bank | 2 | $210K | N/A |
| Truist Bank | 2 | $289K | 100% — High Risk |
Other Franchises Citizens Bank Funds in Florida
Citizens Bank is active in Florida franchise lending beyond Smoothie King. Other Florida franchise brands they have funded:
Citizens Bank Smoothie King Lending in Other States
Citizens Bank has also funded Smoothie King franchisees in 3 other states. View state-specific data:
How to Get an SBA Loan for a Smoothie King Franchise in Florida
If you're considering a Smoothie King franchise in Florida and want to finance through Citizens Bank or another SBA lender, here's what you need to know based on our analysis of 9 historical Florida loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Smoothie King's franchise fee and total investment determine minimum capital requirements.
Compare Florida Lenders
11 lenders have funded Smoothie King in Florida. Lenders with more local Smoothie King experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches Florida borrowers with lenders who have a proven track record funding Smoothie King in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on Florida historical data: The average Smoothie King SBA loan from Citizens Bank in Florida is $404K with a 7.25% interest rate and a 123-month term.Florida loan amounts range from $286K to $606K.
Ready to Fund Your Smoothie King Franchise in Florida?
We connect you with lenders who have already funded Smoothie King in Florida — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.