Springfield, MO Entrepreneur Gets SBA Loan to Buy Mcalister's Gourmet Deli Franchise

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.

An entrepreneur in Springfield, Missouri needed money to invest in a Mcalister's Gourmet Deli franchise back in 2000. Countryside Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

MCALISTERS DELI
SPRINGFIELD, MO 65807

SBA Loan Lender

COUNTRYSIDE BANK
3807 S CAMPBELL
SPRINGFIELD, MO 65807

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/6/2000

Loan Approval Gross Amount

$431,000

Loan Approval from the SBA

Of the total $431,000 loan amount, the SBA guaranteed $323,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mcalister's Gourmet Deli franchise. At the time of the loan, the company had 70 employees. This SBA loan request indicated that the loan would help generate 70 new jobs and retain 70 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Countryside Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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

SBIR Funding

SBA 7A Lenders in Springfield, Missouri

SBA Lenders in Missouri