Kansas Entrepreneur Secures Financing to Buy Planet Sub Franchise

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

Planet Sub franchise loans are available to Overland Park, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Security Bank Of Kansas City, based in Kansas City, Kansas, issued an SBA franchise loan for a Planet Sub franchise in 2006. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

PLANET SUB
OVERLAND PARK, KS 66210

SBA Loan Lender

SECURITY BANK OF KANSAS CITY
ONE SECURITY PLAZA
KANSAS CITY, KS 66101

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/6/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Planet Sub franchise. At the time of the loan, the company had 17 employees. The SBA loan application for the borrower indicated that the funding would help generate 17 new jobs.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to 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.

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

Obtaining Funding - Friends and Family

Find an SBA Lender in Kansas City, Kansas

Kansas SBA Bank Lenders