Loan to Buy International House Of Pancakes Franchise Issued By Synovus Bank Of Tampa Bay

Need a loan to invest in an International House Of Pancakes franchise? Synovus Bank Of Tampa Bay has a history of making these loans and they are guaranteed by the SBA.

International House Of Pancakes franchise loans are available to Saint Petersburg, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Synovus Bank Of Tampa Bay, based in Saint Petersburg, Florida, issued an SBA franchise loan for an International House Of Pancakes franchise in 2002. We've got all the details on this Florida small business loan.

SBA Loan Borrower

INTERNATIONAL HOUSE OF PANCAKE
SAINT PETERSBURG, FL 33706

SBA Loan Lender

SYNOVUS BANK OF TAMPA BAY
333 THIRD AVE NORTH
SAINT PETERSBURG, FL 33701

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

2/22/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 16 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Saint Petersburg 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

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