Loan Census Banking News and Information
March 26, 2023  
  Business Loan Information  

Eugene, Oregon Bank for SBA Loans


Loan Census SBA Loan Info

Wells Fargo Bank Provides SBA Loan to Buy Elmer's Pancake & Steak House Franchise

Need money to purchase 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 2004 SBA franchise loan that you should know about. Wells Fargo Bank was the lender and the entrepreneur was based in Eugene, Oregon.

SBA Loan Borrower

EUGENE, OR 97401

SBA Loan Lender

SAN JOSE, CA 95113

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.


722110 - Full-Service Restaurants

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $569,000 loan amount, the SBA guaranteed $426,750.

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 loan application indicated that the loan would help generate 59 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wells Fargo Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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

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