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May 5, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Memphis, Business Loans > Regions Bank Memphis Business Loans > Mrs Fields Cookies Loan | ||||
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Good Sources for Des Peres SBA Loans
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Borrow Money to Buy a Mrs. Field's Cookies FranchiseNeed a loan to purchase a Mrs. Field's Cookies franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Des Peres, Missouri needed money to invest in a Mrs. Field's Cookies franchise back in 2002. Regions Bank issued an SBA franchise loan. Here are the details on this Missouri small business loan. SBA Loan Borrower MRS FIELDS COOKIES SBA Loan Lender REGIONS BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 9/23/2002 Loan Approval Gross Amount $267,200 Loan Approval from the SBA Of the total $267,200 loan amount, the SBA guaranteed $200,400. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mrs. Field's Cookies franchise. At the time of the loan, the company had only one employee. The loan application indicated that the borrowed money would help create 10 new jobs. Getting an SBA Loan For Your Business 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Regions Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Regions Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Mrs. Fields Original Cookies, Inc. Borrowing Money from Friends and Family Best Banks in Memphis, Tennessee Find an SBA Lender in Tennessee
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