Missouri Entrepreneur Secures Financing to Buy Planet Sub Franchise

Need a loan to buy a Planet Sub franchise? Security Bank Of Kansas City has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Planet Sub franchise? If so, here's a 2003 SBA franchise loan that you should know about. Security Bank Of Kansas City was the lender and the entrepreneur was based in Kansas City, Missouri.

SBA Loan Borrower

PLANET SUB
KANSAS CITY, MO 64154

SBA Loan Lender

SECURITY BANK OF KANSAS CITY
701 MINNESOTA AVE
KANSAS CITY, KS 66101

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

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

6/6/2003

Loan Approval Gross Amount

$289,746

Loan Approval from the SBA

Of the total $289,746 loan amount, the SBA guaranteed $217,310.

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 45 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

Role of Business Plan When Raising Money

Banks in Kansas City, Kansas

Find an SBA Lender in Kansas