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May 2, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Minneapolis, Business Loans > Wells Fargo Bank Minneapolis Business Loans > International House Of Pancake Loan | ||||
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Business Loans for Manassas Businesses
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Loan to Buy International House Of Pancakes Franchise Issued By Wells Fargo BankNeed a loan to buy an International House Of Pancakes franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. International House Of Pancakes franchise loans are available to Manassas, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in Minneapolis, Minnesota, issued an SBA franchise loan for an International House Of Pancakes franchise in 2001. We've got all the details on this Virginia small business loan. SBA Loan Borrower INTERNATIONAL HOUSE OF PANCAKE SBA Loan Lender WELLS FARGO BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 5/18/2001 Loan Approval Gross Amount $325,000 Loan Approval from the SBA Of the total $325,000 loan amount, the SBA guaranteed $243,750. 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 15 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $325,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Where to Get an SBA Loan in Minneapolis, Minnesota
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