Borrow Money to Buy an International House Of Pancakes Franchise

Need money to invest in an International House Of Pancakes franchise? Gulf Coast Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

International House Of Pancakes franchise loans are available to Roswell, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Gulf Coast Bank & Trust, based in New Orleans, Louisiana, issued an SBA franchise loan for an International House Of Pancakes franchise in 2003. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

GRIFFIN HOLDING INC
ROSWELL, GA 30075

SBA Loan Lender

GULF COAST BANK & TRUST
200 ST. CHARLES AVE
NEW ORLEANS, LA 70130

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

11/12/2003

Loan Approval Gross Amount

$1,400,000

Loan Approval from the SBA

Of the total $1,400,000 loan amount, the SBA guaranteed $767,830.

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 only one employee. The SBA loan documents indicated that the loan would help generate 28 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,400,000 loan. Remember, you control your own destiny.

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

SBIR Funding

Banks in New Orleans, Louisiana

Browse All Business Loan Sources for Louisiana