Loan to Buy Mr. Goodcents Sub' And Pasta Franchise Issued By Home National Bank

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

If you live near Chandler, Arizona and are interested in buying a Mr. Goodcents Sub' And Pasta franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Home National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

MR GOODCENTS
CHANDLER, AZ 85224

SBA Loan Lender

HOME NATIONAL BANK
13840 N NORTHSIGHT BLVD, STE
SCOTTSDALE, AZ 85260

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/21/2000

Loan Approval Gross Amount

$138,600

Loan Approval from the SBA

Of the total $138,600 loan amount, the SBA guaranteed $103,950.

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 only one employee. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $138,600. How would you spend $138,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

How to Raise Money

SBA 7A Banks in Scottsdale, Arizona

Arizona SBA Bank Lenders