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April 20, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Planet Sub Loan | ||||
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Business Loans for Chicago Businesses
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Borrow Money to Buy a Planet Sub FranchiseNeed money to invest in a Planet Sub franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Chicago, Illinois needed money to invest in a Planet Sub franchise back in 2004. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Illinois small business loan. SBA Loan Borrower PLANET SUB SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/3/2004 Loan Approval Gross Amount $572,800 Loan Approval from the SBA Of the total $572,800 loan amount, the SBA guaranteed $429,600. 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 6 employees. The SBA loan application for the borrower indicated that the funding would help create 6 new jobs. 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like U.S. Bank National Association are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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. Related Links:
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