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

Borrowing money to invest in an International House Of Pancakes franchise? Marine Bank, Springfield has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Springfield, Illinois needed money to invest in an International House Of Pancakes franchise back in 2005. Marine Bank, Springfield issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

IHOP
SPRINGFIELD, IL 62762

SBA Loan Lender

MARINE BANK, SPRINGFIELD
3050 W WABASH AVE
SPRINGFIELD, IL 62704

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/23/2005

Loan Approval Gross Amount

$106,000

Loan Approval from the SBA

Of the total $106,000 loan amount, the SBA guaranteed $90,100.

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 loan would help generate 19 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

This SBA loan was for $106,000. How would you spend $106,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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SBA Approved Banks in Springfield, Illinois

Illinois SBA 7A Banks