U.S. Bank National Association Provides SBA Loan to Buy Mr. Goodcents Sub' And Pasta Franchise
Need a loan to buy a Mr. Goodcents Sub' And Pasta franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in St. Ann, Missouri needed money to invest in a Mr. Goodcents Sub' And Pasta franchise back in 2002. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Missouri small business loan.
SBA Loan Borrower
BLUE QUARRY LLC
ST. ANN, MO 63114
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722211 - Limited-Service Restaurants
Loan Approval Date
12/12/2002
Loan Approval Gross Amount
$167,000
Loan Approval from the SBA
Of the total $167,000 loan amount, the SBA guaranteed $83,500.
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 21 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
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 $167,000 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
Banking Deregulation's Effects on Entrepreneurship
Good Banks for Small Business in Cincinnati, Ohio
SBA Lenders in Ohio