Loan to Buy Denny's Restaurant Franchise Issued By Irwin Franchise Cap. Corp

Borrowing money to invest in a Denny's Restaurant franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Denny's Restaurant franchise is doable. In 2007, Irwin Franchise Cap. Corp issued an SBA franchise loan to an entrepreneur in Oklahoma City, Oklahoma. Because Denny's Restaurant was registered with the SBA's registry of franchises, this Oklahoma small business loan was issued on an expedited basis.

SBA Loan Borrower

ROUNTREE III FOODS, INC.
OKLAHOMA CITY, OK 73105

SBA Loan Lender

IRWIN FRANCHISE CAP. CORP
10 PARAGON DR
MONTVALE, NJ 07645

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

12/17/2007

Loan Approval Gross Amount

$1,135,000

Loan Approval from the SBA

Of the total $1,135,000 loan amount, the SBA guaranteed $851,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Denny's Restaurant franchise. At the time of the loan, the company had 114 employees. The SBA loan application for the borrower indicated that the loan would help retain 114 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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.

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