Loan to Buy Original Pancake House the Franchise Issued By Wells Fargo Bank

Need a loan to buy an Original Pancake House the franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Original Pancake House the franchise loans are available to Boulder, Colorado entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for an Original Pancake House the franchise in 2003. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

THE ORIGINAL PANCAKE HOUSE
BOULDER, CO 80302

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/22/2003

Loan Approval Gross Amount

$619,000

Loan Approval from the SBA

Of the total $619,000 loan amount, the SBA guaranteed $464,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Original Pancake House the franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs and retain 25 existing jobs.

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

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

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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