Missouri Federal Savings Bank Provides SBA Loan to Buy Mr. Goodcents Sub' And Pasta Franchise

Need money to purchase a Mr. Goodcents Sub' And Pasta franchise? Missouri Federal 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 requires some effort but others before you have been successful. In 2002, Missouri Federal Savings Bank issued an SBA franchise loan to an entrepreneur in Chillicothe, Missouri. Because Mr. Goodcents Sub' And Pasta was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

MR GOODCENTS SUBS & PASTAS
CHILLICOTHE, MO 64601

SBA Loan Lender

MISSOURI FEDERAL SAVINGS BANK
124 S WALNUT
CAMERON, MO 64429

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/22/2002

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

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 30 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Missouri Federal Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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

Obtaining Funding - How to Decide How Much to Raise

Where to Get an SBA Loan in Cameron, Missouri

Missouri SBA 7A Banks