Nevada Entrepreneur Secures Financing to Buy Original Pancake House the Franchise
Need a loan to purchase an Original Pancake House the franchise? Community Bank Of Nevada has a history of making these loans and they are guaranteed by the SBA.
Original Pancake House the franchise loans are available to Las Vegas, Nevada entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank Of Nevada, based in Las Vegas, Nevada, issued an SBA franchise loan for an Original Pancake House the franchise in 2002. We've got all the details on this Nevada small business loan.
SBA Loan Borrower
OPH OF LAS VEGAS # 3 & # 4
LAS VEGAS, NV 89146
SBA Loan Lender
COMMUNITY BANK OF NEVADA
400 S 4TH ST, STE 215
LAS VEGAS, NV 89101
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
1/28/2002
Loan Approval Gross Amount
$825,000
Loan Approval from the SBA
Of the total $825,000 loan amount, the SBA guaranteed $618,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy an Original Pancake House the franchise. At the time of the loan, the company
had 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Bank Of Nevada that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Startup Funding Tip
SBA 7A Lenders in Las Vegas, Nevada
SBA Participating Banks in Nevada