Borrow Money to Buy an International House Of Pancakes Franchise

Need a loan to invest in an International House Of Pancakes franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

International House Of Pancakes franchise loans are available to East Brunswick, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pnc Bank, National Association, based in Somerset, New Jersey, issued an SBA franchise loan for an International House Of Pancakes franchise in 2002. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

INTERNATIONAL HOUSE OF PANCAKE
EAST BRUNSWICK, NJ 08816

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
675 FRANKLIN BLVD
SOMERSET, NJ 08873

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

722110 - Full-Service Restaurants

Loan Approval Date

5/23/2002

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an International House Of Pancakes franchise. At the time of the loan, the company had 102 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 102 existing jobs.

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

If you have been wondering how do i get money to start a business in East Brunswick NJ, you ought to talk with a local East Brunswick SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Brunswick businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

International House of Pancakes

Microlending as a Small Business Funding Source

Where to Get an SBA Loan in Somerset, New Jersey

New Jersey SBA Banks