Loan to Buy Planet Sub Franchise Issued By Security Bank Of Kansas City

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

If you live near Topeka, Kansas and are interested in buying a Planet Sub franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Security Bank Of Kansas City. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PLANET SUB
TOPEKA, KS 66614

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses.

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

3/13/2003

Loan Approval Gross Amount

$223,923

Loan Approval from the SBA

Of the total $223,923 loan amount, the SBA guaranteed $167,942.

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 24 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Understanding Dilution

SBA Approved Banks in Kansas City, Kansas

Kansas SBA Bank Lenders