Irwin Franchise Cap. Corp Provides SBA Loan to Buy International House Of Pancakes Franchise

Borrowing money to invest in an International House Of Pancakes franchise? Irwin Franchise Cap. Corp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an International House Of Pancakes franchise? If so, here's a 2005 SBA franchise loan that you should know about. Irwin Franchise Cap. Corp was the lender and the entrepreneur was based in Plover, Wisconsin.

SBA Loan Borrower

INTERNATIONAL HOUSE OF PANCAKE
PLOVER, WI 53590

SBA Loan Lender

IRWIN FRANCHISE CAP. CORP
10 PARAGON DR
MONTVALE, NJ 07645

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/24/2005

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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 80 employees. This SBA loan request indicated that the loan would help generate 30 new jobs and retain 80 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

Business Line of Credit

Where to Get an SBA Loan in Montvale, New Jersey

SBA New Jersey Lenders