Borrow Money to Buy an International House Of Pancakes Franchise
Borrowing money to invest in an International House Of Pancakes franchise? Nara Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Northridge, California needed money to invest in an International House Of Pancakes franchise back in 2004. Nara Bank issued an SBA franchise loan. Here are the details on this California small business loan.
SBA Loan Borrower
INTERNATIONAL HOUSE OF PANCAKE
NORTHRIDGE, CA 91324
SBA Loan Lender
NARA BANK
3731 WILSHIRE BLVD, STE 1000
LOS ANGELES, CA 90010
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
722310 - Food Service Contractors
Loan Approval Date
12/30/2004
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $300,000.
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 17 employees. This SBA loan request indicated that the loan would help retain 17 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This SBA loan was for $400,000. How would you spend $400,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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
SBA Approved Banks in Los Angeles, California
SBA Lenders in California