Missouri Entrepreneur Secures Financing to Buy Godfather's Pizza Franchise

Need money to buy a Godfather's Pizza franchise? Farmers State Bank, S/b has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Godfather's Pizza franchise is doable. In 2007, Farmers State Bank, S/b issued an SBA franchise loan to an entrepreneur in Bolivar, Missouri. Because Godfather's Pizza was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

K & S RESTAURANT SYSTEMS, LLC
BOLIVAR, MO 65613

SBA Loan Lender

FARMERS STATE BANK, S/B
100 MAIN ST
SCHELL CITY, MO 64783

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/7/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Godfather's Pizza franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 4 existing jobs.

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

If you need business start up money in Bolivar MO, you ought to talk with a local Bolivar SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bolivar businesses.

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 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.

Related Links:

Godfather's Pizza

Business Cash Advances

SBA Approved Banks in Schell City, Missouri

Getting an SBA Loan in Missouri