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November 23, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Overland Park, Business Loans > Hillcrest Bank Overland Park Business Loans > Mr. Goodcents Restaurant Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Hillcrest Bank Provides SBA Loan to Buy Mr. Goodcents Sub' And Pasta FranchiseNeed money to buy a Mr. Goodcents Sub' And Pasta franchise? Hillcrest Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Overland Park, Kansas needed money to invest in a Mr. Goodcents Sub' And Pasta franchise back in 2001. Hillcrest Bank issued an SBA franchise loan. Here are the details on this Kansas small business loan. SBA Loan Borrower MR. GOODCENTS RESTAURANT SBA Loan Lender HILLCREST BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/22/2001 Loan Approval Gross Amount $312,000 Loan Approval from the SBA Of the total $312,000 loan amount, the SBA guaranteed $234,000. 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 9 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Overland Park, Kansas
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