Englewood, CO Entrepreneur Gets SBA Loan to Buy Planet Sub Franchise

Borrowing money to invest in a Planet Sub franchise? Guaranty Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Planet Sub franchise loans are available to Englewood, Colorado entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Guaranty Bank & Trust, based in Denver, Colorado, issued an SBA franchise loan for a Planet Sub franchise in 2002. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

PLANET SUB
ENGLEWOOD, CO 80112

SBA Loan Lender

GUARANTY BANK & TRUST
1331 17TH ST
DENVER, CO 80202

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/12/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Planet Sub franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the borrowed money would help generate 10 new jobs.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Planet Sub

Strategic Investors

SBA 7A Banks for Denver, Colorado Loans

SBA Lenders in Colorado