Loan to Buy Mcalister's Gourmet Deli Franchise Issued By Countryside Bank

Borrowing money to invest in a Mcalister's Gourmet Deli franchise? Countryside Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mcalister's Gourmet Deli franchise is doable. In 2003, Countryside Bank issued an SBA franchise loan to an entrepreneur in Springfield, Missouri. Because Mcalister's Gourmet Deli was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis.

SBA Loan Borrower

MCALISTER'S DELI
SPRINGFIELD, MO 65804

SBA Loan Lender

COUNTRYSIDE BANK
520 E ELM ST
REPUBLIC, MO 65738

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial 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

722110 - Full-Service Restaurants

Loan Approval Date

3/4/2003

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $124,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mcalister's Gourmet Deli franchise. At the time of the loan, the company had 60 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours 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:

McAlister's Deli

Angel Investors

Banks in Republic, Missouri

Missouri SBA 7A Banks