Borrow Money to Buy a Mr. Goodcents Sub' And Pasta Franchise

Need a loan to buy a Mr. Goodcents Sub' And Pasta franchise? Metcalf 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 is doable. In 2002, Metcalf Bank issued an SBA franchise loan to an entrepreneur in Lenexa, Kansas. Because Mr. Goodcents Sub' And Pasta was registered with the SBA's registry of franchises, this Kansas small business loan was issued on an expedited basis.

SBA Loan Borrower

MR. GOODCENTS SUBS&PASTA
LENEXA, KS 66210

SBA Loan Lender

METCALF BANK
7840 METCALF ST
OVERLAND PARK, KS 66204

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/29/2002

Loan Approval Gross Amount

$141,600

Loan Approval from the SBA

Of the total $141,600 loan amount, the SBA guaranteed $120,360.

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

Getting an SBA Loan For Your Business

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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Metcalf Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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

Financing Your Business

SBA 7A Banks for Overland Park, Kansas Loans

Where to Get an SBA Loan Kansas