Temecula, CA Entrepreneur Gets SBA Loan to Buy Original Pancake House the Franchise

Borrowing money to buy an Original Pancake House the franchise? Pacific Cap. Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Original Pancake House the franchise? If so, here's a 2003 SBA franchise loan that you should know about. Pacific Cap. Bank was the lender and the entrepreneur was based in Temecula, California.

SBA Loan Borrower

ORIGINAL PANCAKE HOUSE TEMECUL
TEMECULA, CA 92591

SBA Loan Lender

PACIFIC CAP. BANK
1021 ANACAPA ST
SANTA BARBARA, CA 93101

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

722110 - Full-Service Restaurants

Loan Approval Date

5/30/2003

Loan Approval Gross Amount

$681,500

Loan Approval from the SBA

Of the total $681,500 loan amount, the SBA guaranteed $511,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Original Pancake House the franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 30 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must 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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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