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December 19, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Louis, Business Loans > Heartland Bank Saint Louis Business Loans > Mr. Goodcents Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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O'Fallon, MO Entrepreneur Gets SBA Loan to Buy Mr. Goodcents Sub' And Pasta FranchiseNeed a loan to buy a Mr. Goodcents Sub' And Pasta franchise? Heartland Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in O'Fallon, Missouri needed money to invest in a Mr. Goodcents Sub' And Pasta franchise back in 2005. Heartland Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan. SBA Loan Borrower MR. GOODCENTS SBA Loan Lender HEARTLAND BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/14/2005 Loan Approval Gross Amount $240,000 Loan Approval from the SBA Of the total $240,000 loan amount, the SBA guaranteed $180,000. 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 2 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $240,000 loan. Remember, feel the fear, and do it anyway. 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: SBA 7A Banks in Saint Louis, Missouri Where to Get an SBA Loan Missouri
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