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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Atlanta, Business Loans > Cornerstonebank Atlanta Business Loans > International House Of Pancake Loan | ||||
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Cornerstonebank Franchise Business Loans
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Cornerstonebank Provides SBA Loan to Buy International House Of Pancakes FranchiseBorrowing money to buy an International House Of Pancakes franchise? Cornerstonebank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Alpharetta, Georgia needed money to invest in an International House Of Pancakes franchise back in 2007. Cornerstonebank issued an SBA franchise loan. Here are the details on this Georgia small business loan. SBA Loan Borrower INTERNATIONAL HOUSE OF PANCAKE SBA Loan Lender CORNERSTONEBANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/13/2007 Loan Approval Gross Amount $346,000 Loan Approval from the SBA Of the total $346,000 loan amount, the SBA guaranteed $259,500. 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 SBA loan documents indicated that the loan would help generate 69 new jobs and retain 70 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Obtaining Funding - Getting Venture Capital Find an SBA Lender in Atlanta, Georgia SBA Participating Banks in Georgia
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