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

Need money to purchase a Mr. Goodcents Sub' And Pasta franchise? Great Western 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 Sioux Falls, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Great Western Bank, based in Sioux Falls, South Dakota, issued an SBA franchise loan for a Mr. Goodcents Sub' And Pasta franchise in 2000. We've got all the details on this South Dakota small business loan.

SBA Loan Borrower

MR. GOODCENTS SUBS & PASTAS
SIOUX FALLS, SD 57104

SBA Loan Lender

GREAT WESTERN BANK
100 N PHILLIPS
SIOUX FALLS, SD 57101

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/13/2000

Loan Approval Gross Amount

$109,500

Loan Approval from the SBA

Of the total $109,500 loan amount, the SBA guaranteed $82,125.

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 40 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Sioux Falls or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Small Business Loan

Best Banks for Small Business in Sioux Falls, South Dakota

South Dakota SBA 7A Lenders