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November 23, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Elmer's Breakfast Lunch Dinner Loan | ||||
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I Need a Small Business Loan to Buy a Franchise in Corvallis, Oregon
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Corvallis, OR Entrepreneur Gets SBA Loan to Buy Elmer's Pancake & Steak House FranchiseBorrowing money to buy an Elmer's Pancake & Steak House franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy an Elmer's Pancake & Steak House franchise? If so, here's a 2003 SBA franchise loan that you should know about. Wells Fargo Bank was the lender and the entrepreneur was based in Corvallis, Oregon. SBA Loan Borrower ELMER'S BREAKFAST LUNCH DINNER SBA Loan Lender WELLS FARGO BANK 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 721110 - Hotels and Motels Loan Approval Date 12/30/2003 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 Elmer's Pancake & Steak House franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 39 new jobs and retain 40 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Elmer's Breakfast*Lunch*Dinner Obtaining Funding - How to Borrow Money Good Banks for Small Business in San Jose, California
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