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November 15, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Bend, Business Loans > Bank Of The Cascades Bend Business Loans > Dutch Bros. Coffee Of N.Salem Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Oregon Entrepreneur Secures Financing to Buy Dutch Bros. Coffee FranchiseBorrowing money to invest in a Dutch Bros. Coffee franchise? Bank Of The Cascades has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dutch Bros. Coffee franchise shouldn't be overly burdensome. In 2004, Bank Of The Cascades issued an SBA franchise loan to an entrepreneur in Salem, Oregon. Because Dutch Bros. Coffee was registered with the SBA's registry of franchises, this Oregon small business loan was issued on an expedited basis. SBA Loan Borrower DUTCH BROS. COFFEE OF N.SALEM SBA Loan Lender BANK OF THE CASCADES This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 6/10/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dutch Bros. Coffee franchise. At the time of the loan, the company had 14 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: How Much Venture Capital Is There? Who Lends Money to Small Businesses in Bend, Oregon
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