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November 15, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Leawood, Business Loans > M&i Marshall & Ilsley Bank Leawood Business Loans > Mr. Goodcents Subs & Pastas Loan | ||||
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M&i Marshall & Ilsley Bank Small Business Franchise Loan
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Independence, MO Entrepreneur Gets SBA Loan to Buy Mr. Goodcents Sub' And Pasta FranchiseNeed a loan to buy a Mr. Goodcents Sub' And Pasta franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA. Mr. Goodcents Sub' And Pasta franchise loans are available to Independence, Missouri entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, M&i Marshall & Ilsley Bank, based in Leawood, Kansas, issued an SBA franchise loan for a Mr. Goodcents Sub' And Pasta franchise in 2004. We've got all the details on this Missouri small business loan. SBA Loan Borrower MR. GOODCENTS SUBS & PASTAS SBA Loan Lender M&I MARSHALL & ILSLEY BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program is quick, requiring 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/6/2004 Loan Approval Gross Amount $126,500 Loan Approval from the SBA Of the total $126,500 loan amount, the SBA guaranteed $107,525. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Mr. Goodcents Sub' And Pasta franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from M&i Marshall & Ilsley Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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:
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