Ft. Lauderdale, FL Entrepreneur Gets SBA Loan to Buy International House Of Pancakes Franchise

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

International House Of Pancakes franchise loans are available to Ft. Lauderdale, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Colonial Bank, based in Weston, Florida, issued an SBA franchise loan for an International House Of Pancakes franchise in 2000. We've got all the details on this Florida small business loan.

SBA Loan Borrower

INTERNATIONAL HOUSE OF PANCAKE
FT. LAUDERDALE, FL 33324

SBA Loan Lender

COLONIAL BANK
1625 N COMMERCE PKWY
WESTON, FL 33326

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/17/2000

Loan Approval Gross Amount

$340,000

Loan Approval from the SBA

Of the total $340,000 loan amount, the SBA guaranteed $255,000.

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 85 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

International House of Pancakes

Obtaining Funding From a Venture Capitalist

SBA Approved Banks in Weston, Florida

SBA Florida Lenders