Oregon Entrepreneur Secures Financing to Buy Cafe Yumm! Franchise

Need a loan 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 Eugene, 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 2007 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

CAFE YUMM!
EUGENE, OR 97401

SBA Loan Lender

SUMMIT BANK
96 E BROADWAY
EUGENE, OR 97401

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/28/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cafe Yumm! franchise. At the time of the loan, the company had 24 employees. This SBA loan request indicated that the loan would help create 24 new jobs.

Getting an SBA Loan For Your Business

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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Cafe Yumm!

SBIR Funding

SBA Approved Banks in Eugene, Oregon

SBA Oregon Lenders