Plano, TX Entrepreneur Gets SBA Loan to Buy Original Pancake House the Franchise

Borrowing money to purchase an Original Pancake House the franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Original Pancake House the franchise is doable. In 2001, Wachovia Sba Lending, Inc. issued an SBA franchise loan to an entrepreneur in Plano, Texas. Because Original Pancake House the was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

ORGINAL PANCAKE HOUSE
PLANO, TX 75075

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

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

11/8/2001

Loan Approval Gross Amount

$732,500

Loan Approval from the SBA

Of the total $732,500 loan amount, the SBA guaranteed $549,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Original Pancake House the franchise. At the time of the loan, the company had 62 employees. The SBA loan application for the borrower indicated that the loan would help retain 62 existing jobs.

Start the Process for Getting an SBA Loan Today!

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Plano or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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