Cedar Rapids, IA Entrepreneur Gets SBA Loan to Buy Mr. Goodcents Sub' And Pasta Franchise

Need a loan to buy a Mr. Goodcents Sub' And Pasta franchise? Community Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mr. Goodcents Sub' And Pasta franchise shouldn't be overly burdensome. In 2007, Community Savings Bank issued an SBA franchise loan to an entrepreneur in Cedar Rapids, Iowa. Because Mr. Goodcents Sub' And Pasta was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

MR. GOODCENTS
CEDAR RAPIDS, IA 52402

SBA Loan Lender

COMMUNITY SAVINGS BANK
101 ROBINS SQUARE CT
ROBINS, IA 52328

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/31/2007

Loan Approval Gross Amount

$204,250

Loan Approval from the SBA

Of the total $204,250 loan amount, the SBA guaranteed $153,187.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mr. Goodcents Sub' And Pasta franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Mr. Goodcents Subs & Pastas

Alternative Financing

Banks in Robins, Iowa

Iowa SBA 7A Banks