Rbs Citizens Provides SBA Loan to Buy International House Of Pancakes Franchise

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

International House Of Pancakes franchise loans are available to Hamden (town Of), Connecticut entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Rbs Citizens, based in Providence, Rhode Island, issued an SBA franchise loan for an International House Of Pancakes franchise in 2004. We've got all the details on this Connecticut small business loan.

SBA Loan Borrower

IHOP
HAMDEN (TOWN OF), CT 06517

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/14/2004

Loan Approval Gross Amount

$23,600

Loan Approval from the SBA

Of the total $23,600 loan amount, the SBA guaranteed $11,800.

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 45 employees. The SBA loan application for the borrower indicated that the loan would help retain 45 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

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.

Related Links:

International House of Pancakes

Small Business Credit Cards

Small Business Banks in Providence, Rhode Island

Rhode Island SBA 7A Banks