Omaha, NE Entrepreneur Gets SBA Loan to Buy Planet Sub Franchise

Need a loan to buy a Planet Sub franchise? Gateway Commun Bank A Division has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Omaha, Nebraska needed money to invest in a Planet Sub franchise back in 2002. Gateway Commun Bank A Division issued an SBA franchise loan. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

MORE THAN ONE, INC.
OMAHA, NE 68130

SBA Loan Lender

GATEWAY COMMUN BANK A DIVISION
14320 ARBOR ST
OMAHA, NE 68144

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

8/23/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 15 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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