Peoria, IL Entrepreneur Gets SBA Loan to Buy International House Of Pancakes Franchise

Need money to purchase an International House Of Pancakes franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an International House Of Pancakes franchise requires some effort but others before you have been successful. In 2004, Comerica Bank issued an SBA franchise loan to an entrepreneur in Peoria, Illinois. Because International House Of Pancakes was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

IHOP #5412
PEORIA, IL 61615

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/24/2004

Loan Approval Gross Amount

$141,700

Loan Approval from the SBA

Of the total $141,700 loan amount, the SBA guaranteed $120,445.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an International House Of Pancakes franchise. At the time of the loan, the company had only one employee. The loan application indicated that the borrowed money would help create 24 new jobs.

Start the Process for Getting an SBA Loan Today!

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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