Springfield, MO Entrepreneur Gets SBA Loan 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.

An entrepreneur in Springfield, Missouri needed money to invest in a Planet Sub franchise back in 2005. Security Bank Of Kansas City issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

PLANET SUB
SPRINGFIELD, MO 65806

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

3/24/2005

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 11 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

SBIR Funding

Small Business Banks in Kansas City, Kansas

Getting an SBA Loan in Kansas