Loan to Buy Mr. Goodcents Sub' And Pasta Franchise Issued By First National Bank - Missouri

Borrowing money to buy a Mr. Goodcents Sub' And Pasta franchise? First National Bank - Missouri has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mr. Goodcents Sub' And Pasta franchise? If so, here's a 2003 SBA franchise loan that you should know about. First National Bank - Missouri was the lender and the entrepreneur was based in Pleasant Hill, Missouri.

SBA Loan Borrower

MR GOODCENTS
PLEASANT HILL, MO 64080

SBA Loan Lender

FIRST NATIONAL BANK - MISSOURI
909 S 7 HWY
BLUE SPRINGS, MO 64014

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

722110 - Full-Service Restaurants

Loan Approval Date

4/17/2003

Loan Approval Gross Amount

$148,200

Loan Approval from the SBA

Of the total $148,200 loan amount, the SBA guaranteed $125,970.

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 15 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $148,200 loan. Remember, you control your own destiny.

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

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SBA Lenders in Missouri