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April 27, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Sioux Falls, Business Loans > Great Western Bank Sioux Falls Business Loans > Mr. Goodcents Loan | ||||
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Raising Money in Sioux Falls, South Dakota With SBA Loans
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Sioux Falls, SD Entrepreneur Gets SBA Loan to Buy Mr. Goodcents Sub' And Pasta FranchiseNeed 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. Want to borrow money to buy a Mr. Goodcents Sub' And Pasta franchise? If so, here's a 2005 SBA franchise loan that you should know about. Great Western Bank was the lender and the entrepreneur was based in Sioux Falls, South Dakota. SBA Loan Borrower MR. GOODCENTS SBA Loan Lender GREAT WESTERN BANK This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/1/2005 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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 $40,000 loan. Remember, where there is a will, there is a way! 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: SBA Banks in Sioux Falls, South Dakota
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