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April 23, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Kansas City, Business Loans > Security Bank Of Kansas City Kansas City Business Loans > Planet Sub Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Missouri Entrepreneur Secures Financing to Buy Planet Sub FranchiseBorrowing money 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. If you live near Warrensburg, Missouri 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 SBA Loan Lender SECURITY BANK OF KANSAS CITY This SBA bank 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 8/20/2003 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 24 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Small Bank Loans in Kansas City, Kansas
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