Alpharetta, GA Entrepreneur Gets SBA Loan to Buy Original Pancake House the Franchise

Borrowing money to invest in an Original Pancake House the franchise? First Charter Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Alpharetta, Georgia needed money to invest in an Original Pancake House the franchise back in 2006. First Charter Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

THE ORIGINAL HOUSE OF PANCAKES
ALPHARETTA, GA 30009

SBA Loan Lender

FIRST CHARTER BANK
165 NASH ST
LAWRENCEVILLE, GA 30045

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422110 - Printing and Writing Paper Wholesalers

Loan Approval Date

11/21/2006

Loan Approval Gross Amount

$442,000

Loan Approval from the SBA

Of the total $442,000 loan amount, the SBA guaranteed $331,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Original Pancake House the franchise. At the time of the loan, the company had 45 employees. This SBA loan request indicated that the loan would help retain 45 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Charter Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Credit Evaluation

SBA 7A Banks for Lawrenceville, Georgia Loans

Where to Get an SBA Loan Georgia