Corvallis, OR Entrepreneur Gets SBA Loan to Buy Cafe Yumm! Franchise

Borrowing money to buy a Cafe Yumm! franchise? Summit Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Corvallis, Oregon and are interested in buying a Cafe Yumm! franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2008 by Summit Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

NAMASTE CUISINE LLC
CORVALLIS, OR 97330

SBA Loan Lender

SUMMIT BANK
96 E BROADWAY
EUGENE, OR 97401

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/8/2008

Loan Approval Gross Amount

$394,000

Loan Approval from the SBA

Of the total $394,000 loan amount, the SBA guaranteed $295,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Cafe Yumm! franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the borrowed money would help create 6 new jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Corvallis OR, you ought to talk with a local Corvallis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Corvallis businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Summit 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:

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