Roswell, GA Entrepreneur Gets SBA Loan to Buy International House Of Pancakes Franchise

Borrowing 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.

Getting money to buy an International House Of Pancakes franchise shouldn't be too tough. In 2002, Gulf Coast Bank & Trust issued an SBA franchise loan to an entrepreneur in Roswell, Georgia. Because International House Of Pancakes was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

HOUSE OF PANCAKES JOHNSON FERR
ROSWELL, GA 30075

SBA Loan Lender

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

This lender provides SBA guaranteed 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

722110 - Full-Service Restaurants

Loan Approval Date

11/20/2002

Loan Approval Gross Amount

$156,000

Loan Approval from the SBA

Of the total $156,000 loan amount, the SBA guaranteed $117,000.

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. This SBA loan request indicated that the loan would help generate 14 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Roswell 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.

Related Links:

International House of Pancakes

Small Business Loan

SBA Approved Banks in New Orleans, Louisiana

SBA Louisiana Banks